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Antonio Pequeño IV / Forbes: 85 mins ago
xAI announces it raised a $6B Series C from a16z, BlackRock, Fidelity, Kingdom Holdings, Sequoia, Nvidia, and others, at a reported valuation of at least $40B
Lauren Thomas / Wall Street Journal: 4 hours ago
Xerox agrees to acquire Lexmark from Ninestar, PAG Asia Capital, and Shanghai Shouda in a deal valued at $1.5B, including debt, and expected to close in H2 2025
Alexander Osipovich / Wall Street Journal: 6 hours ago
Experts: Bitcoin has time to adopt newer encryption that's resistant to attacks via potentially upcoming quantum systems, but such an overhaul could take years
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Top Items
New York Times:
The Biden administration opens a trade investigation into China's production of older chips, a move that may lead to tariffs or other measures to block imports
Financial Times:
Sources: Meta plans to add a display to its Ray-Ban glasses as soon as H2 2025 to show notifications or AI responses, and has accelerated Orion's development
Ryan Christoffel / 9to5Mac:
In a viral YouTube video, MegaLag claims PayPal's Honey browser extension doesn't show users the best coupons and deals, and steals creators' affiliate revenue
Ben Lovejoy / 9to5Mac:
Kuo: Apple's M5 chip will use TSMC's advanced N3P node; M5 Pro, Max, and Ultra will use a new server-grade SoIC packaging featuring separate CPU and GPU designs
Lauren Thomas / Wall Street Journal:
Xerox agrees to acquire Lexmark from Ninestar, PAG Asia Capital, and Shanghai Shouda in a deal valued at $1.5B, including debt, and expected to close in H2 2025
New York Times:
Telegram is set to be profitable in 2024, a first, with $1B+ in revenue, up from nearly $350M in 2023, and ending 2024 with ~$500M in cash, as it pays down debt
Reuters:
Sources: Microsoft is working on adding more first- and third-party AI models to power 365 Copilot, to lower its reliance on OpenAI amid cost and speed concerns
Manish Singh / TechCrunch:
X raised US Premium+ prices by 37.5% to $22 per month, effective December 21, and EU prices 31% from €16 to €21 per month; the basic subscription still costs $3
Bloomberg:
Google says it plans to counter Japan's claims that it engages in anticompetitive practices in search; source: Japan's FTC sent Google a cease-and-desist order
Loni Prinsloo / Bloomberg:
Dutch tech investor Prosus plans to acquire online travel agency Despegar.com for $1.7B, a 33% premium, to expand in Latin America, set to close in Q2 2025
Alexander Osipovich / Wall Street Journal:
Experts: Bitcoin has time to adopt newer encryption that's resistant to attacks via potentially upcoming quantum systems, but such an overhaul could take years
Financial Times:
SEC filings: Spotify executives have sold $1.25B in stock in 2024, including CEO Daniel Ek selling nearly $350M and co-founder Martin Lorentzon selling $550M+
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