Chinese AI startups Zhipu and MiniMax are set to go public in Hong Kong on January 8 and 9, respectively; MiniMax has 210M+ users, and Zhipu has 8,000+ clients (Bloomberg)
Bloomberg.com
OpenAI Challengers Test Appetite for Chinese AI With Twin Debuts
Two of China’s largest generative AI startups are set for back-to-back debuts in Hong Kong this week, testing investor appetite for an industry t...
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Chinese AI startups Zhipu and MiniMax are set to go public in Hong Kong on January 8 and 9, respectively; Zhipu has 8,000+ clients and MiniMax has 210M+ users
From Bloomberg. View the full context on Techmeme.
GWI: LinkedIn's 2025 revenue rose to $17B from $7B in 2020 as users doubled to 1.3B; 4.7% of US users checked more than once per day in 2025, from 3.9% in 2020 (Stu Woo/Wall Street Journal) https://www.wsj.com/tech/personal-tech/three-reasons-we-cant-get-enough-of-linkedin-31333eff?st=rCoDpi&reflink=desktopwebshare_permalink
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GWI: LinkedIn
By Stu Woo / Wall Street Journal. View the full context on Techmeme.
A look at Kalshi and Polymarket's lucrative shift toward sports, as high-profile real-world bets raise questions about access, integrity, and US CFTC regulation (Bloomberg) https://www.bloomberg.com/news/features/2026-01-05/kalshi-and-polymarket-use-sports-gambling-as-entry-point-for-prediction-markets?accessToken=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJzb3VyY2UiOiJTdWJzY3JpYmVyR2lmdGVkQXJ0aWNsZSIsImlhdCI6MTc2Nzc3MTE1NywiZXhwIjoxNzY4Mzc1OTU3LCJhcnRpY2xlSWQiOiJUOEVWU0ZLR1pBUDEwMCIsImJjb25uZWN0SWQiOiIwNEFGQkMxQkYyMTA0NUVEODg3MzQxQkQwQzIyNzRBMCJ9.9pNQYf-ONKQRSW8iivqznoXpn1RRrp1dHly-7o9ZQuo
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A look at Kalshi
From Bloomberg. View the full context on Techmeme.
As data center development pressures power grids, officials have proposed requiring data centers to power down or switch to a backup when blackout risks rise (Katherine Blunt/Wall Street Journal) https://www.wsj.com/business/energy-oil/ai-data-center-blackouts-electric-grid-1fed9803?st=9sebJC&reflink=desktopwebshare_permalink
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As data center development jeopardizes the power grid, US officials propose requiring data centers to power down or switch to a backup when blackout risks rise
By Katherine Blunt / Wall Street Journal. View the full context on Techmeme.
An interview with Google DeepMind CTO Koray Kavukcuoglu on his new role as Google's chief AI architect, Gemini 3, progress toward the goal of AGI, and more (Melissa HeikkilΓ€/Financial Times)
Client Challenge
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Q&A with Google DeepMind CTO Koray Kavukcuoglu on his new role as Google
By Melissa Heikkilä / Financial Times. View the full context on Techmeme.
How Google's ambitious approach to training Gemini on text, code, audio, images, and video helped it stage a powerful comeback, triggering a Code Red at OpenAI (Katherine Blunt/Wall Street Journal) https://www.wsj.com/tech/ai/google-ai-openai-gemini-chatgpt-b766e160?st=cx7Uav&reflink=desktopwebshare_permalink
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How Google
By Katherine Blunt / Wall Street Journal. View the full context on Techmeme.
PitchBook-NVCA: global VC investments hit $512B in 2025 with AI accounting for 50%+; VC fundraising fell to a 10-year low of $118.6B, ~$100B less than in 2024 (Duncan Riley/SiliconANGLE)
SiliconANGLE
PitchBook: AI dominates global venture capital as 2025 deal value nears record - SiliconANGLE
PitchBook: AI dominates global venture capital as 2025 deal value nears record - SiliconANGLE
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PitchBook-NVCA: global VC investments hit $512B in 2025 and AI accounted for 50%+; fundraising fell to $118.6B, a 10-year low and nearly $100B less than in 2024
By Duncan Riley / SiliconANGLE. View the full context on Techmeme.
Dutch fintech Bunq applies to become a US bank; the OCC conditionally approved national trust bank charters for several crypto firms in 2025, including Circle (Paige Smith/Bloomberg) https://www.bloomberg.com/news/articles/2026-01-07/dutch-fintech-bunq-reapplies-to-become-a-bank-in-the-us
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Dutch fintech Bunq applies to become a US bank; Klaros: more than 30 companies have applied to become US banks under the second Trump administration
By Paige Smith / Bloomberg. View the full context on Techmeme.
The US FDA says it will limit regulation of non-medical wellness wearables and AI software, provided they don't make claims about disease diagnosis or treatment (Puyaan Singh/Reuters) https://www.reuters.com/business/healthcare-pharmaceuticals/us-fda-limit-regulation-health-fitness-wearables-commissioner-says-2026-01-07/
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The US FDA says it will limit regulation of non-medical wellness wearables and AI software, provided they don
By Puyaan Singh / Reuters. View the full context on Techmeme.
China unveils rules banning major platforms like Alibaba from forcing merchants into discounts or practices seen as disrupting market order, effective February (Bloomberg) https://www.bloomberg.com/news/articles/2026-01-07/china-targets-online-commerce-battles-in-latest-regulatory-salvo
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China unveils rules banning major platforms like Alibaba from coercing merchants into discounts or practices seen as disrupting market order, effective February
From Bloomberg. View the full context on Techmeme.