Unsealed documents detail a US operation that stopped the alleged smuggling of $160M worth of Nvidia H100 and H200 GPUs to China between Oct. 2024 and May 2025 (CNBC)
Sources: Uber is in talks to acquire the parking space reservation app SpotHero; the parking app was last valued at $290M (The Information) https://www.theinformation.com/articles/uber-considers-deal-parking-app-spothero
Trump Media, owner of Truth Social, plans to distribute a new token to shareholders with partner Crypto.com, expected to operate on the Cronos blockchain (Emily Nicolle/Bloomberg)
Finland seizes a ship suspected of damaging an undersea cable linking Helsinki and Estonia in the Gulf of Finland; Estonia says a second cable was also damaged (Essi Lehto/Reuters) https://www.reuters.com/world/finland-suspects-ship-causing-undersea-cable-damage-president-says-2025-12-31/
Dealroom: 76 European deep tech and life sciences companies spun out from universities reached $1B valuations or $100M in revenue in 2025, or both (Anna Heim/TechCrunch)
How the AI data center boom boosted Caterpillar's power and energy unit; generator sales are up 28% YoY through Sept. 2025, after growing 22% to $7.8B in 2024 (Bob Tita/Wall Street Journal) https://www.wsj.com/business/caterpillar-generator-sales-ai-cat-stock-f5aa26a5?st=3g47uP
Sources: Nvidia has approached TSMC to ramp up H200 chip production; Chinese companies have placed orders for 2M+ H200 chips for 2026, while Nvidia holds 700K (Reuters) https://www.reuters.com/world/china/nvidia-sounds-out-tsmc-new-h200-chip-order-china-demand-jumps-sources-say-2025-12-31/
Filing: China's top DRAM maker CXMT plans to raise $4.2B in a Shanghai IPO; CXMT held a 4% global share in Q2 2025 and targets HBM production by the end of 2026 (Reuters) https://www.reuters.com/world/asia-pacific/chinas-cxmt-eyes-42-billion-shanghai-listing-fund-dram-expansion-2025-12-31/
Data storage stocks led the S&P 500 in 2025, with SanDisk up 560%+ to become the top performer, followed by Western Digital in second and Seagate in fourth (Carmen Reinicke/Bloomberg) https://www.bloomberg.com/news/articles/2025-12-30/ai-trade-s-next-leg-is-all-about-tech-s-pick-and-shovel-stocks
OpenAI financial data: its stock-based pay averaged ~$1.5M per employee in 2025, ~7x Google pre-IPO and ~34x the average pay of other pre-IPO peers, per Equilar (Wall Street Journal) https://www.wsj.com/tech/ai/openai-is-paying-employees-more-than-any-major-tech-startup-in-history-23472527?st=TtSPxX&reflink=article_copyURL_share