Sources: Peter Thiel and Larry Page may leave CA over a proposed ballot measure, opposed by Newsom, that levies a one-time 5% tax on those with $1B+ in assets (New York Times)
A Wealth Tax Floated in California Has Billionaires Thinking of Leaving
It’s uncertain whether the proposal will reach the statewide ballot in November, but some billionaires like Peter Thiel and Larry Page may be unw...
Techmeme
Sources: Peter Thiel and Larry Page may leave California over a proposed ballot measure, opposed by Gov. Newsom, that levies a one-time 5% tax on $1B+ in assets
From New York Times. View the full context on Techmeme.
As inference splits into prefill and decode, Nvidia's Groq deal could enable a "Rubin SRAM" variant optimized for ultra-low latency agentic reasoning workloads (Gavin Baker/@gavinsbaker)
X (formerly Twitter)
Gavin Baker (@GavinSBaker) on X
Nvidia is buying Groq for two reasons imo. Β  1) Inference is disaggregating into prefill and decode. SRAM architectures have unique advantages in ...
Techmeme
As inference splits into prefill and decode, Nvidia
By Gavin Baker / @gavinsbaker. View the full context on Techmeme.
ServiceNow has spent $12B+ on acquisitions and investments in 2025 amid concerns about revenue growth, projected to fall below 20% in 2026 without acquisitions (Brody Ford/Bloomberg)
Bloomberg.com
ServiceNow $12 Billion Deal Spree Is β€˜Deja Vu’ of CEO’s SAP Days
After years of eschewing big mergers, ServiceNow Inc. is on a deal spree. It has spent at least $12 billion this year on acquisitions or strategic ...
Techmeme
ServiceNow has spent $12B+ on acquisitions and investments in 2025 amid concerns about revenue growth, projected to fall below 20% in 2026 without acquisitions
By Brody Ford / Bloomberg. View the full context on Techmeme.
Facing disruption from GenAI, the $250B Indian IT industry has adapted by focusing on preparatory work AI requires, such as data cleanup and system integration (Manish Singh/India Dispatch)
The AI Revolution Needs Plumbers
How Indian IT learned to stop worrying and sell the AI shovel
Techmeme
Facing disruption from GenAI, the $250B Indian IT industry has adapted by focusing on preparatory work AI requires, such as data cleanup and system integration
By Manish Singh / India Dispatch. View the full context on Techmeme.
Despite Palantir's high trailing P/E ratio of ~450x, retail traders have poured billions of dollars into the stock, which is up ~3,000% in the past three years (Alex Harring/CNBC)
CNBC
Wall Street wrote off Palantir as too expensive. Retail investors can't get enough
The stock, which made its market debut in 2020, is an indisputable star of the retail investing world.
Techmeme
Despite Palantir
By Alex Harring / CNBC. View the full context on Techmeme.
The Groq deal secures key talent for Nvidia, including CEO Jonathan Ross, creator of the TPU, and keeps them from companies that may try to make their own chips (M.G. Siegler/Spyglass)
Spyglass
NVIDIA’s Christmas Eve 'Hackquisition' Miracle
NVIDIA gets a creator of the TPU, access to inference tech & IP, and stops anyone else from getting such things. All for a mere $20B...
Techmeme
The Groq deal secures key talent for Nvidia, including CEO Jonathan Ross, creator of the TPU, and keeps them from companies that may try to make their own chips
By M.G. Siegler / Spyglass. View the full context on Techmeme.
Indian IT services provider Coforge agrees to acquire Encora, which offers AI tools for product, cloud, and data engineering, at an enterprise value of $2.35B (Reuters) https://www.reuters.com/world/india/indias-coforge-acquire-us-based-encora-235-billion-deal-2025-12-26/
Techmeme
Indian IT services provider Coforge agrees to acquire Encora, which offers AI tools for product, cloud, and data engineering, at an enterprise value of $2.35B
From Reuters. View the full context on Techmeme.
Five FaZe Clan influencers exit after failed contract talks with new management; Matt Kalish, who invested $10M, calls FaZe's current structure "unsustainable" (Cecilia D'Anastasio/Bloomberg)
Bloomberg.com
FaZe Clan Influencers Exit Over Contract Dispute With New Owner
The future of the popular influencer group FaZe Clan is in flux once again after several members announced their departures this week following fai...
Techmeme
Five FaZe Clan influencers exit after failed contract talks with new management; Matt Kalish, who invested $10M, calls FaZe
By Cecilia D
NY Gov. Kathy Hochul signs a law requiring social platforms with features like autoplay and addictive feeds to show mental health warning labels for young users (Felix Day/WRGB)
WRGB
Governor Hochul signs law for mental health warnings on addictive social media features
Governor Hochul has signed new legislation that will require social media platforms with certain addictive features to display warning labels alert...
Techmeme
NY Gov. Kathy Hochul signs a law requiring social platforms with features like autoplay and addictive feeds to show mental health warning labels for young users
By Felix Day / WRGB. View the full context on Techmeme.
Coinbase says a former customer service agent was arrested in India, following a May breach where hackers bribed contractors to access sensitive customer data (Muyao Shen/Bloomberg) https://www.bloomberg.com/news/articles/2025-12-26/coinbase-says-former-agent-arrested-in-india-over-exchange-hack
Techmeme
Coinbase says a former customer service agent was arrested in India, following a May breach where hackers bribed contractors to access sensitive customer data
By Muyao Shen / Bloomberg. View the full context on Techmeme.