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Bloomberg: Sources: Chinese officials are evaluating an option involving Elon Musk acquiring TikTok US; X would take control of TikTok US and run the businesses together -
Todd Spangler / Variety: TikTok denies a report that China is looking at potentially facilitating a sale of the app to Elon Musk, calling it “pure fiction” -
Financial Times: The Biden admin unveils a new chip export rule that gives 18 key allies full AI chips access while requiring licenses from most other countries, including China -
Reuters: Nvidia criticizes the Biden admin's new chip export rule, saying the regulation would “undermine” the US' AI leadership and “weaken” its global competitiveness -
Will Knight / Wired: The US' new chip export rule enters a 120-day consultation period, requiring the Trump admin to listen to input, perhaps modify the rule, and then enforce it -
Associated Press: Under a new Biden rule, countries with caps on AI compute are restricted to buying 50K advanced GPUs, which could grow to 100K in deals with the US government -
Kashmir Hill / New York Times: Texas sues Allstate and its subsidiary Arity, accusing the insurer of illegally collecting and selling data about people's driving behavior through mobile apps -
Zeyi Yang / Wired: Ahead of a likely US TikTok ban, users flee to Chinese apps Xiaohongshu, aka RedNote, and ByteDance's Lemon8, currently the top two apps in the US App Store -
Bloomberg: Sources: Databricks secures $5B+ in its largest debt raise to date, from lenders including Blackstone and Apollo, after raising $10B in equity in December 2024 -
Sponsor Post Microsoft: 6 AI Trends to Watch in 2025 — Explore insight from Microsoft on key AI advancements that will shape our work and daily lives in the coming year. -
Todd Bishop / GeekWire: Microsoft is creating a new “CoreAI - Platform and Tools” unit led by Jay Parikh, the ex-Lacework CEO and Meta engineering executive who joined in October 2024 -
Wall Street Journal: Sources: Zuckerberg met with Trump on Friday, in part to mediate a 2021 lawsuit Trump brought against Meta over his account suspension after the Jan. 6 riot -
Leena Rao / Business Insider: Chainalysis buys AI-agent security startup Alterya, sources say for ~$150M; Alterya is still in stealth mode but has clients including Coinbase, Square, Binance -
Mark Gurman / Bloomberg: Sonos CEO Patrick Spence is leaving following a botched app revamp that upset customers and stymied growth; Sonos names board member Tom Conrad as interim CEO -
Richard Nieva / Forbes: Jimmy Wales, Mark Ruffalo, others debut Free Our Feeds to raise $30M by 2028 to “billionaire-proof” AT Protocol, by making it easier for users to leave Bluesky -
Washington Post: An investigation finds 15 police departments across 12 US states have arrested suspects identified through facial recognition without having any other evidence -
Taylor Soper / GeekWire: Bellevue, WA-based Truveta, which aggregates medical data from 30 partner institutions, raised $320M from Regeneron, Illumina, and others at a $1B+ valuation -
Reuters: Docs: Arm was working on a strategy in 2019 to hike prices to boost annual smartphone revenue by ~$1B over 10 years, and has discussed designing its own chips -
Lauly Li / Nikkei Asia: Sources: China tightens scrutiny of Apple and other US tech firms' exports under its dual-use export controls, slowing production expansion in SE Asia and India -
Cheng Ting-Fang / Nikkei Asia: Sources: Apple is finalizing verification of its first cutting-edge chips from TSMC's Arizona plant, with the initial batch expected as early as this quarter -
Jesse Hamilton / CoinDesk: A US court rules the SEC must “explain itself” on why, when pressed by Coinbase, it failed to clarify its rules or offer clear new rules for crypto securities -
Salvador Rodriguez / CNBC: IAC board approves the spinoff of home improvement marketplace Angi; IAC has previously spun off companies like Expedia, Ticketmaster, and LendingTree -
New York Times: OpenAI publishes a “economic blueprint” for “AI in America”, calling on the new Trump admin to spur investment from the Middle East and avoid strict regulations