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AI

MiniMax moves toward Hong Kong IPO as Chinese AI firms rush to go public

By Kyt Dotson Dec 30, 2025

Chinese artificial intelligence startup MiniMax is reportedly prepping for its initial public offering in Hong Kong, backed by Alibaba Group Holding Ltd. and the Abu Dhabi Investment Authority. A report from Bloomberg revealed the company…

Infra

SMIC buys out subsidiary for $5.8B as China’s chipmaking progress accelerates

By Mike Wheatley Dec 29, 2025

Semiconductor Manufacturing International Corp., operator of China’s largest semiconductor fabrication facility, is going to get even bigger after announcing plans to buy the remaining 49% stake of a smaller foundry it already controls. SMIC…

Cloud

Verisk scraps $2.35B acquisition of roofing software maker AccuLynx

By Maria Deutscher Dec 29, 2025

Insurance technology provider Verisk Analytics Inc. today scrapped its planned acquisition of AccuLynx, a startup that develops software for roofing contractors. The company attributed the move to delays in the regulatory approval process. In…

AI

Octopus Energy spins out AI-native utility software subsidiary Kraken

By Mike Wheatley Dec 29, 2025

British clean energy giant Octopus Energy Group Ltd. has announced it’s spinning off its most valuable technology asset as a standalone entity. The company said its Kraken Technologies Ltd. subsidiary will become an independent…

AI

Meta Platforms buys Manus to bolster its agentic AI skillset

By Mike Wheatley Dec 29, 2025

Meta Platforms Inc. is pushing into autonomous artificial intelligence agents with the acquisition of Singapore-based Manus, which made headlines when it first emerged earlier this year for its ability to perform tasks using a…

Security

Millions of Wired user records leaked in claimed Condé Nast breach

By Duncan Riley Dec 29, 2025

A hacker claims to have leaked a database containing millions of user records tied to Condé Nast Inc.’s Wired magazine, as the data appeared on the Breach Stars cybercrime forum and quickly spread across…

Infra

Nvidia finalizes $5B purchase of Intel shares

By Maria Deutscher Dec 29, 2025

Nvidia Corp. today disclosed that it has purchased $5 billion worth of Intel Corp. shares through a private placement. The graphics card maker originally announced plans to make the investment in September. At the…

Security

US and Australian agencies warn MongoBleed vulnerability in MongoDB is under active exploitation

By Duncan Riley Dec 29, 2025

Cybersecurity authorities in the U.S. and Australia are warning that a critical vulnerability in MongoDB and MongoDB Server is being actively exploited in the wild and represents a threat for organizations that run exposed…

Infra

SoftBank to acquire AI infrastructure investor DigitalBridge for $4B

By Maria Deutscher Dec 29, 2025

SoftBank Group Corp. has inked a $4.04 billion deal to buy DigitalBridge Group Inc., a private equity firm that invests in technology businesses. The companies announced the all-cash transaction today a few hours after…

Blockchain

Mirae Asset announces plans to acquire Korean crypto exchange Korbit

By Kyt Dotson Dec 29, 2025

Seoul-based financial firm Mirae Asset Financial Group is considering buying Korean cryptocurrency exchange Korbit Inc., the Korea Times reported today. The Korean cryptocurrency market is dominated by Upbit and Bithumb, which represent over 95%…

the latest

MiniMax moves toward Hong Kong IPO as Chinese AI firms rush to go public

SMIC buys out subsidiary for $5.8B as China’s chipmaking progress accelerates

Verisk scraps $2.35B acquisition of roofing software maker AccuLynx

Octopus Energy spins out AI-native utility software subsidiary Kraken

Meta Platforms buys Manus to bolster its agentic AI skillset

Millions of Wired user records leaked in claimed Condé Nast breach

Nvidia finalizes $5B purchase of Intel shares

US and Australian agencies warn MongoBleed vulnerability in MongoDB is under active exploitation

SoftBank to acquire AI infrastructure investor DigitalBridge for $4B

Mirae Asset announces plans to acquire Korean crypto exchange Korbit

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