Nasdaq Composite Rises 31% for Year as Nvidia’s Stock Triples
The increase reflects a good year for tech stocks, especially for companies like Nvidia with exposure to the AI boom.
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Alibaba Cuts Pricing for Top Vision Language Model by 85%
This is the second time Alibaba's cloud unit has reduced LLM pricing this year, a sign of the growing competition for AI business among Chinese tech providers.
Accel Raises $650 Million to Invest in Indian Startups
Palo-Alto based Accel recently raised $1.35 billion for its latest growth fund.
Netflix’s NFL Games Drew Millions of Additional Viewers Overseas
As much as 5 million additional Netflix viewers tuned into the streaming giant's live telecasts of two NFL games on Christmas Day.
US Army Soldier Charged With Cybercrimes Related to AT&T, Verizon Hacks
The arrest is the latest development following a cybercrime spree stemming from a hack into Snowflake's sytstems earlier this year.
Volkswagen Unit Leaks Cloud Data From 800,000 EV Owners
The data from Cariad, a Volkswagen subsidiary that develops automotive software, included personal and geolocation data that could be used to track drivers.
Venezuela fines TikTok $10 million over Deadly Viral Stunts
TikTok has faced scrutiny in the past over dangerous trends that spread on the app.
U.S. Expands Lawsuit Against Fintech Dave, Adding CEO
Banking fintech Dave allegedly misled customers and charged hidden fees in lawsuit that has been expanded to company’s CEO Jason Wilk.
Nvidia Completes Run:ai Acquisition
The deal—previously reported to be worth $700 million—reflects Nvidia’s growing focus on selling software and cloud services to customers, instead of just chips.
Fintech Bench To Be Acquired, Attempts To Bring Back Laid Off Staff
The deal, which came together over the holiday weekend, is set to close later today.
Trump Weighs in on H-1B Visas
Trump’s tech industry supporters including Elon Musk say the visa program is critical for U.S. companies to hire top talent.
Blue Origin Conducts Key Rocket Test Ahead of Launch
A launch of the New Glenn rocket from the Jeff Bezos-owned company could occur in early January.
Lawyers for Trump Urge Supreme Court to Pause TikTok Ban
Several groups filed briefs with the court Friday, for and against the law.
Musk Gains Another Ally in Effort to Block OpenAI For-Profit Conversion
Encode submitted an amicus brief in support of Elon Musk’s lawsuit.
Crypto Founder Do Kwon to be Extradited to U.S.
Terraform co-founder faces fraud charges in the U.S. and Korea.
Accounting firm Bench, which raised over $100 million, shutters
The company also laid off staff.
OpenAI Announces Plan to Become Delaware Public Benefit Corporation
The company plans to convert its existing for-profit entity into a public benefit corporation.
Alibaba to Create E-Commerce Joint Venture in South Korea
Alibaba's international business has boosted revenue at a time when its China business has struggled due to the country's economic slowdown.
Netflix’s Christmas Day NFL Games Reach 24 Million U.S. Viewers
The global viewership for Netflix's two Christmas Day NFL games will be higher as the streaming giant pushes more into live sports.
Microsoft and OpenAI Set $100 Billion Target For Achieving ‘AGI'
The financial definition still leaves some room for interpretation.
Weekday mornings
The Information AM by The Information Staff
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