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<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=8a7fe6d136&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Try Gemini 3 Pro</a></span>
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<div style="width:100%;border-top:1px solid lightgray;padding:14px 0;" class="first_story first_in_section big_story">
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<span class="title" style="font-size: 24px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=ba55ef0bef&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Elon Musk says xAI bought a third building called “MACROHARDRR”, reportedly adjacent to Colossus 2, that will take the company's training compute to almost 2GW</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Kurt Wagner / </span><span class="pub_name">Bloomberg</span>)</span>
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<span class="excerpt">Elon Musk's xAI is planning an expansion of its massive data center complex … </span>
<span class="cite">(Kurt Wagner / Bloomberg)</span>
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<img class="tweet_image" width="12" src="https://techmeme.com/img/twitter_x.png" style="width: 12px;">
<a class="tweet_cite" href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=3b07a2c81a&e=06cea4a9e4" style="text-decoration: none;color: black;">@elonmusk:</a>
<a class="tweet_body" href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=05ff8127d7&e=06cea4a9e4" style="text-decoration: none;color: black;">xAI has bought a third building called MACROHARDRR. Will take @xAI training compute to almost 2GW. Try @Grok. Download latest app.</a>
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<img class="tweet_image" width="12" src="https://techmeme.com/img/twitter_x.png" style="width: 12px;">
<a class="tweet_cite" href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=fbca01aa58&e=06cea4a9e4" style="text-decoration: none;color: black;">@serobinsonjr:</a>
<a class="tweet_body" href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=cf79926214&e=06cea4a9e4" style="text-decoration: none;color: black;">xAI NEWS: An xAI subsidiary acquired the 810,000 sqft GXO warehouse in Southaven, Mississippi, earlier in December from an affiliate of ElmTree Funds, a private equity real estate firm owned by BlackRock. xAI has built a new road in recent months between Colossus 2 and the GXO logistics building. MACROHARD(RR).</a>
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<img class="tweet_image" width="12" src="https://techmeme.com/img/twitter_x.png" style="width: 12px;">
<a class="tweet_cite" href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=4fcc317874&e=06cea4a9e4" style="text-decoration: none;color: black;">@theo_wayt:</a>
<a class="tweet_body" href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=e66824524f&e=06cea4a9e4" style="text-decoration: none;color: black;">Scoop 🧑‍🔧⚡️: Elon Musk's @xai is planning another supersized data center. xAI has purchased a site in Mississippi just across the border from Memphis, which is near another xAI site and a power plant xAI is building. The end goal is to have 1 million GPUs in the Memphis area. [image]</a>
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<span class="title" style="font-size: 24px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=f35b9bd1da&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">SoftBank says it has completed a $22.5B investment in OpenAI, finalizing its up to $40B investment commitment announced in March and taking its stake to ~11%</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="pub_name">SoftBank Group Corp.</span>)</span>
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<div class="tweet" style="padding: 1px 0;">
<img class="tweet_image" width="12" src="https://techmeme.com/img/twitter_x.png" style="width: 12px;">
<a class="tweet_cite" href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=d66e2e9890&e=06cea4a9e4" style="text-decoration: none;color: black;">@geoffreywoo:</a>
<a class="tweet_body" href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=a2000e77da&e=06cea4a9e4" style="text-decoration: none;color: black;">SoftBank will make so much money when OpenAI goes public. Masa struck an awesome deal to have a delayed draw to fund.</a>
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<div class="tweet" style="padding: 1px 0;">
<img class="tweet_image" width="12" src="https://techmeme.com/img/twitter_x.png" style="width: 12px;">
<a class="tweet_cite" href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=5721cf96eb&e=06cea4a9e4" style="text-decoration: none;color: black;">@amitisinvesting:</a>
<a class="tweet_body" href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=87a49118b5&e=06cea4a9e4" style="text-decoration: none;color: black;">softbank officially completes their OpenAI $40B investment today cool, so can OpenAI now pay some of their bills with this new money so we can santa rally please</a>
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<div class="tweet" style="padding: 1px 0;">
<img class="tweet_image" width="12" src="https://techmeme.com/img/twitter_x.png" style="width: 12px;">
<a class="tweet_cite" href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=d82e555c78&e=06cea4a9e4" style="text-decoration: none;color: black;">@andrewcurran_:</a>
<a class="tweet_body" href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=81d82776bf&e=06cea4a9e4" style="text-decoration: none;color: black;">SoftBank sent the final $22 billion last week, completing their $40 billion commitment, their stake in OpenAI is now over 10%. [image]</a>
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<span class="title" style="font-size: 24px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=7644dcde48&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Sources: Meta is buying Manus for $2B+; Manus was raising at a $2B valuation when Meta approached it; Manus CEO Xiao Hong will report to Meta COO Javier Olivan</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="pub_name">Wall Street Journal</span>)</span>
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<span class="excerpt">The deal for more than $2 billion is one of the first in which a major U.S. tech company … </span>
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<img class="tweet_image" width="12" src="https://techmeme.com/img/twitter_x.png" style="width: 12px;">
<a class="tweet_cite" href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=afc583c319&e=06cea4a9e4" style="text-decoration: none;color: black;">@gergelyorosz:</a>
<a class="tweet_body" href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=f77d9937d9&e=06cea4a9e4" style="text-decoration: none;color: black;">Everyone excited about what Meta acquiring Manus AI means: I still remember similar excitement when Meta (then Facebook) bought Parse (one of the hottest dev tools startup back in 2013 - a mobile backend PaaS) Meta did absolutely nothing, and Parse was killed 4 years later.</a>
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<div class="tweet" style="padding: 1px 0;">
<img class="tweet_image" width="12" src="https://techmeme.com/img/twitter_x.png" style="width: 12px;">
<a class="tweet_cite" href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=cd322c0e6f&e=06cea4a9e4" style="text-decoration: none;color: black;">@hidecloud:</a>
<a class="tweet_body" href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=cffc1388d4&e=06cea4a9e4" style="text-decoration: none;color: black;">Personally, I don't think “the next Manus” should be another Manus. Every startup should find its own unique position. One thing is clear, though: in our first eight months, we spent less than $100k on promotion. Given our growth, that's not a heavy spend, right? So if you want to learn anything from us, the best way is to use the product yourself and see the value it creates for users. That's how millions of users fell in love with us 🥰</a>
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<div class="tweet" style="padding: 1px 0;">
<img class="tweet_image" width="12" src="https://techmeme.com/img/twitter_x.png" style="width: 12px;">
<a class="tweet_cite" href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=df0744a0f9&e=06cea4a9e4" style="text-decoration: none;color: black;">@gregisenberg:</a>
<a class="tweet_body" href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=584f235da7&e=06cea4a9e4" style="text-decoration: none;color: black;">So, Manus AI sold for $1-2B to Meta. A few of my takeaways...1. Manus treated distribution as a first-class expense, spending heavily on creators to win attention early...5. Once attention was locked in, revenue followed quickly because the value showed up immediatel. 6. Meta probably paid 10-20× revenue for speed, momentum, team and mindshare they didn't have to build. Not insane...13. A lot of people in Silicon Valley/tech never used Manus, and it really didn't matter at all</a>
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<table class="clustered_items" style="border-collapse: collapse;">
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<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=9b4df0c113&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Meta says Manus, initially based in Beijing and Wuhan, will cut Chinese investor ties after the deal and “will discontinue its services and operations in China”</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="pub_name">Nikkei Asia</span>)</span>
</li>
<li class="sub_item" style="margin:10px 0 0;">
<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=cb1e0aa301&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Meta just bought into the enterprise market with its Manus deal, which may eventually help it expand into cloud offerings like those of its Big Tech peers</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">M.G. Siegler / </span><span class="pub_name">Spyglass</span>)</span>
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<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=2b343cedba&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Sources: the US has granted an annual license to Samsung and SK Hynix to ship their chip manufacturing equipment to their facilities in China for 2026</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Hyunjoo Jin / </span><span class="pub_name">Reuters</span>)</span>
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<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=4f0d91c402&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Samsung, up 125%, and SK Hynix, up 268%, accounted for nearly half of the 76% gain in South Korea's Kospi, the world's best-performing major stock index in 2025</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Youkyung Lee / </span><span class="pub_name">Bloomberg</span>)</span>
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<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=ea4edf9979&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">China's draft AI rules have measures to protect kids, like time limits and parental consent, ban gambling promotion content, and add suicide chats restrictions</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Osmond Chia / </span><span class="pub_name">BBC</span>)</span>
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<div style="width:100%;border-top:1px solid lightgray;padding:14px 0;" class="story">
<table class="leading_item" style="border-collapse: collapse;">
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<td style="padding:5px 10px 0;">
<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=5a562497ee&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Sources: China is requiring chipmakers to use at least 50% domestically made equipment for adding new capacity, in a rule that is not publicly documented</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="pub_name">Reuters</span>)</span>
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</div>
</div>
<div class="section" style="margin-top: 12px;">
<div class="section_header" style="border-bottom:3px solid #004860;letter-spacing:1px; color:#004860;font-weight:bold; padding:4px 10px;">
IPOs
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<div style="width:100%;border-top:1px solid lightgray;padding:14px 0;" class="first_in_section story">
<table class="leading_item" style="border-collapse: collapse;">
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<td style="padding:5px 10px 0;">
<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=c0b25bbc9f&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Filing: Chinese AI startup MiniMax seeks to raise up to ~$538.5M in a Hong Kong IPO, offering 25.4M shares at a price range of ~$19.40 to ~$21.20 per share</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Shivangi Lahiri / </span><span class="pub_name">Reuters</span>)</span>
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<table class="clustered_items" style="border-collapse: collapse;">
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<ul style="padding:0px 10px 0px 0px;">
<li class="sub_item" style="margin:10px 0 0;">
<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=7f18340234&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Sources: MiniMax has secured backing from Alibaba and the Abu Dhabi Investment Authority, among others, for its upcoming Hong Kong IPO in January</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="pub_name">Bloomberg</span>)</span>
</li>
</ul>
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</div>
<div style="width:100%;border-top:1px solid lightgray;padding:14px 0;" class="story">
<table class="leading_item" style="border-collapse: collapse;">
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<td style="padding:5px 10px 0;">
<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=7b986b2163&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Zhipu AI launches a share sale to raise ~$560M in a Hong Kong IPO at a valuation of ~$6.6B, which would make it the first LLM developer listed in Hong Kong</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Themis Qi / </span><span class="pub_name">South China Morning Post</span>)</span>
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</table>
</div>
<div style="width:100%;border-top:1px solid lightgray;padding:14px 0;" class="story">
<table class="leading_item" style="border-collapse: collapse;">
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<td style="padding:5px 10px 0;">
<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=108d81832b&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Shenzhen-based OneRobotics opened flat in its Hong Kong debut after the Chinese home robotics maker raised $210M by selling 22M+ shares at about $9.50 each</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="pub_name">Nikkei Asia</span>)</span>
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</table>
</div>
<div style="width:100%;border-top:1px solid lightgray;padding:14px 0;" class="story">
<table class="leading_item" style="border-collapse: collapse;">
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<td style="padding:5px 10px 0;">
<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=274990bfd3&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">AI drug discovery startup Insilico rose 45% in its Hong Kong trading debut after raising $293M in an IPO; Insilico reported $85M+ in 2024 revenue</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="pub_name">Bloomberg</span>)</span>
</td>
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</table>
</div>
</div>
<div class="section" style="margin-top: 12px;">
<div class="section_header uppercase" style="border-bottom: 3px solid #004860;letter-spacing: 1px;color: #004860;font-weight: bold;padding: 4px 10px;text-transform: uppercase;">
Artificial Intelligence
</div>
<div style="width:100%;border-top:1px solid lightgray;padding:14px 0;" class="first_in_section story">
<table class="leading_item" style="border-collapse: collapse;">
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<td style="padding:5px 10px 0;">
<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=f0206ff329&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Driven by the AI boom, chipmakers posted $400B+ in sales in 2025; FactSet projects revenue for Nvidia, Intel, Broadcom, AMD, and Qualcomm to reach $538B in 2026</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="pub_name">Wall Street Journal</span>)</span>
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</table>
</div>
<div style="width:100%;border-top:1px solid lightgray;padding:14px 0;" class="story">
<table class="leading_item" style="border-collapse: collapse;">
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<td style="padding:5px 10px 0;">
<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=40a8e1b361&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Sources: Nvidia is in advanced talks to acquire Tel Aviv-based AI21, which is building its own LLMs, for $2B to $3B; the deal would resemble an acquihire</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="pub_name">CTech</span>)</span>
</td>
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</table>
</div>
<div style="width:100%;border-top:1px solid lightgray;padding:14px 0;" class="story">
<table class="leading_item" style="border-collapse: collapse;">
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<td style="padding:5px 10px 0;">
<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=60d56ecb0c&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">A reflection on AI advances in the past decade and how scaling and time-horizon trends might point to far greater capabilities in the decade ahead</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="pub_name">Zhengdong Wang</span>)</span>
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</div>
<div style="width:100%;border-top:1px solid lightgray;padding:14px 0;" class="story">
<table class="leading_item" style="border-collapse: collapse;">
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<td style="padding:5px 10px 0;">
<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=dcf1066a4a&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Sources, PitchBook data, and news reports show the AI boom has produced new billionaires from smaller startups, including Perplexity, Figure AI, and SSI</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Natallie Rocha / </span><span class="pub_name">New York Times</span>)</span>
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more news
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<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=38016c8854&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Review of Samsung's Galaxy Z TriFold: sturdy but poor camera performance and has some unique design flaws that make it even less polished than regular foldables</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Vlad Savov / </span><span class="pub_name">Bloomberg</span>)</span>
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</table>
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<div style="width:100%;border-top:1px solid lightgray;padding:14px 0;" class="story">
<table class="leading_item" style="border-collapse: collapse;">
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<td style="padding:5px 10px 0;">
<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=0b9e42530b&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Two ex-staffers of cybersecurity incident response companies Sygnia and DigitalMint plead guilty to targeting US companies in 2023's BlackCat ransomware attacks</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Sergiu Gatlan / </span><span class="pub_name">BleepingComputer</span>)</span>
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<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=cae8688340&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">The US Treasury has lifted sanctions on three executives tied to spyware maker Intellexa, reversing a designation imposed by the Biden administration in 2024</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Suzanne Smalley / </span><span class="pub_name">The Record</span>)</span>
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<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=70ffa1bd97&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">IDC expects shipments of PCs could shrink by up to 9% YoY in 2026 due to global memory shortages, as demand from AI data centers continues to outstrip supply</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Zak Killian / </span><span class="pub_name">Tom's Hardware</span>)</span>
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<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=76853b19e4&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Sources: Satya Nadella has overhauled Microsoft's senior leadership this year as the company faces intense competition from Google, Amazon, and others</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Rafe Rosner-Uddin / </span><span class="pub_name">Financial Times</span>)</span>
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<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=8cc5672be2&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Fast delivery apps like Blinkit, Zepto, and Swiggy are expanding into India's Tier 2 and Tier 3 cities, driven by rising incomes and cheap smartphones and data</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="pub_name">Bloomberg</span>)</span>
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