Financial Times:
OpenAI hopes the Disney deal boosts Sora, which has high costs and limited traction; Sensor Tower: users average 13 minutes per day on Sora vs. 90 on TikTok  —  Sora has struggled to build an engaged audience despite already hosting bootleg content from the Hollywood studio

Dina Bass / Bloomberg:
Broadcom's shares fell 11% on December 12, their biggest single-day drop since January, after the company's AI sales outlook fell short of investor expectations  —  Broadcom Inc., a chip company vying with Nvidia Corp. for AI computing revenue, suffered the worst stock decline in more than 10 months …

Mark Haranas / CRN:
Indian IT giant TCS agrees to acquire Coastal Cloud, a Florida-based Salesforce consulting partner, for $700M, in a bid to boost its AI and US customer business  —  Tata Consultancy Services is buying U.S.-based Salesforce Summit Partner Coastal Cloud for $700 million to boost its global presence and AI business.

Robin Wigglesworth / Financial Times:
Cisco's stock touched a new record high of $80.25 on December 10, surpassing its previous split-adjusted high of $80.06 on March 27, 2000; CSCO is up 31.64% YTD  —  🥳🥳🥳🥳🥳  —  It only took 25 years, eight months and 13 days, but the stock of Cisco Systems finally hit a new record high.

Isabelle Lee / Bloomberg:
Seagate and Western Digital, with stocks each up 200%+ in 2025, will join Nasdaq 100 before the December 22 market open; GlobalFoundries will leave the index  —  Six firms are set to join the Nasdaq 100 Index as part of its annual reconstitution, the benchmark's overseer said Friday.

Semafor:
In a letter to the Trump administration, the GOP Senatorial Committee Chair Sen. Tim Scott said the Netflix-WBD deal raises “significant antitrust problems”  —  THE SCOOP  —  A key Republican senator Friday joined the mounting opposition in Washington to Netflix's takeover of Warner Bros. Discovery.

Gene Maddaus / Variety:
Google has removed dozens of AI videos from YouTube that depicted Disney characters, after Disney sent a cease-and-desist letter flagging the links  —  Disney flagged the YouTube links to the videos in its letter, and demanded that Google remove them immediately.

Duncan Riley / SiliconANGLE:
Microsoft expands its bug bounty program so that any critical vulnerability, including in third-party code, impacting its online services is eligible for awards  —  Microsoft Corp. announced today that it is expanding its bug bounty program with a new policy that brings all of its online services …

Simon Willison / Simon Willison's Weblog:
OpenAI quietly adopted Anthropic's “skills” mechanism in ChatGPT and Codex; ChatGPT's skills include creating and modifying spreadsheets, docx files, and PDFs  —  One of the things that most excited me about Anthropic's new Skills mechanism back in October is how easy it looked for other platforms to implement.

Loren Grush / Bloomberg:
Internal message: SpaceX has authorized an insider share sale at $421/share, valuing the company at ~$800B, and said it's preparing for a possible IPO in 2026  —  SpaceX has authorized an insider share sale that values Elon Musk's rocket and satellite maker at about $800 billion …

Rachyl Jones / Semafor:
Singapore-based ChemLex raised a $45M funding round led by Granite Asia to build an AI-powered, automated chemistry lab to accelerate drug discovery  —  Singapore-based ChemLex raised $45 million to build out its autonomous chemistry lab with hopes it can speed drug discovery and therapy development …

Bloomberg:
Sources: Intel is in advanced talks to acquire AI chip startup SambaNova for about $1.6B including debt; the deal could come together as soon as next month  —  Intel Corp. is in advanced talks to acquire artificial intelligence chip startup SambaNova Systems Inc. for about $1.6 billion including debt …

Andrew Welsch / Barron's Online:
Automated digital wealth management company Wealthfront's stock closed up 1.36% in its Nasdaq debut, valuing it at ~$2.7B, after raising $486M in its IPO  —  Wealthfront stock trades on the Nasdaq under the ticker symbol WLTH.  Its IPO priced at the top of its expected range.

Financial Times:
Shares of data center real estate company Fermi closed down 34% after a tenant terminated a $150M agreement to help fund an AI campus in West Texas  —  Stock price of company co-founded by ex-US energy secretary Rick Perry fell as much as 46%  —  Shares in data centre real estate group Fermi almost halved …

Reuters:
Tether submits an all-cash offer to acquire a 65.4% stake in Italian soccer club Juventus, says it will invest €1B in the club if the acquisition is completed  —  Crypto group Tether said on Friday it has submitted an all-cash proposal to the holding company of the Agnelli family to buy …

Stephanie Palazzolo / The Information:
Source: OpenEvidence, which offers an AI chatbot for doctors, is raising $250M at a $12B valuation, up from $6B in Oct., and has $150M in annualized ad revenue  —  OpenEvidence, which operates a ChatGPT-like product for doctors to find health information from medical journals and other trusted sources …

Xuedong Huang / Zoom:
Zoom says its “federated AI” model, combining its SLM with open- and closed-source models, got 48.1% on Humanity's Last Exam vs. 45.8% for Gemini 3 Pro w/ tools  —  Federated innovation driving breakthrough results in complex AI testing  —  In this blog  —  01 Understanding the HLE challenge

Maggie Eastland / Bloomberg:
David Sacks says China is rejecting Nvidia's H200 AI chips, because the country wants “semiconductor independence” and to “prop up and subsidize Huawei”  —  China has figured out the US strategy for allowing it to buy Nvidia Corp.'s H200 and is rejecting the AI chip …

Emma Roth / The Verge:
Amazon Prime Video pulls its AI recaps, which it began testing in November, for Fallout, Bosch, and other shows after users noticed errors in the Fallout recaps  —  Fallout's season one recap wrongly stated that The Ghoul's flashback takes place in the 1950s, rather than the year 2077.

Thinking Machines Lab:
Mira Murati's Thinking Machines Lab makes Tinker, its API for fine-tuning language models, generally available, adds support for Kimi K2 Thinking, and more  —  Today we are announcing four updates to Tinker:  — No more waitlist  — New reasoning model: Kimi K2 Thinking