Nvidia and Eli Lilly plan to invest $1B over five years in a new Silicon Valley-based AI drug laboratory, aiming to boost the pharmaceutical industry's AI use (Bloomberg)
A viral Chinese app called "Are You Dead?" that checks on people living alone becomes the top paid app in Apple's App Store in China, as many elderly live alone (Financial Times)
Crypto custody company BitGo aims to raise up to $201M in its IPO on the NYSE at an up to $1.96B valuation, selling 11.8M shares at $15 to $17 per share (Prakhar Srivastava/Reuters) https://www.reuters.com/technology/crypto-custody-startup-bitgo-aims-raise-about-201-million-us-ipo-2026-01-12/
Eddy Cue says 2025 was a "record-breaking year" for Apple services: December was a monthly TV engagement record, the App Store has 850M+ weekly users, and more (Alex Weprin/The Hollywood Reporter)
Michael Saylor's Strategy bought 13,627 bitcoin for ~$1.25B between January 5 and 11, taking its total holdings to 687,410, and boosts its USD reserve to $2.25B (James Hunt/The Block) https://www.theblock.co/post/385084/michael-saylors-strategy-buys-more-bitcoin-following-dat-msci-decision
Meta appoints Dina Powell McCormick, a prominent banking executive and former Republican official, as president and vice chair, reporting to Mark Zuckerberg (Sara Fischer/Axios) https://www.axios.com/2026/01/12/meta-dina-powell-mccormick-president-vice-chairman
Ampere Analysis expects streamer content spending to grow 6% YoY in 2026 to $101B, crossing $100B for the first time; overall global content spend will grow 2% (Max Goldbart/Deadline)
Ofcom opens an investigation under the OSA into Grok over the sexualized deepfakes of women and kids being generated on X and threatens it with a ban or a fine (Daniel Thomas/Financial Times)
Global smartphone shipments rose 2% YoY in 2025, with Apple capturing the top position at a 20% share and 10% YoY growth, ahead of Samsung's 19% market share (Counterpoint Research)
Paris-based autonomous drone maker Harmattan AI raised a $200M Series B led by Dassault at a $1.4B valuation, and aims to produce 10K drones per month in 2026 (Mark Bergen/Bloomberg) https://www.bloomberg.com/news/articles/2026-01-12/dassault-invests-in-french-dronemaker-at-1-4-billion-valuation