• Oilfield service companies are moving into the data center business by supplying power and cooling tech as demand from traditional drilling customers weakens (Martha Muir/Financial Times)
• Sources: Pinduoduo and Temu owner PDD fires dozens following a fistfight between employees and Chinese officials probing fraudulent deliveries on its platform (Bloomberg)
• Tim Sweeney says Fortnite will not return to iOS in Japan in 2025, as Apple is "charging a competition-crushing 21% junk fee on third-party in-app payments" (Tim Sweeney/@timsweeneyepic)
• In a letter, Rocket Internet minority shareholder Scherzer & Co accuses the company of marking down startup valuations to buy out backers at "bargain prices" (Financial Times)
• Manus says it crossed $100M ARR eight months after launch and is growing at 20%+ MoM since Manus 1.5's release; its total revenue run rate is now over $125M (Jake Rudnitsky/Bloomberg)
• SoftBank Group Corp was among the Japanese tech stocks that fell on Dec. 18, as AI infrastructure spending worries on Wall Street crossed into the Asian markets (Lim Hui Jie/CNBC)
• Fermi CEO Toby Neugebauer says Amazon canceled a $150M advance for a Texas AI data center campus; FRMI fell 34% on Dec. 12 after saying a tenant had canceled (Dakin Campbell/Business Insider)
• Wall Street clearinghouse DTCC selects the Canton Network blockchain as a real-world asset tokenization partner after receiving a No-Action Letter from the SEC (Ian Allison/CoinDesk)
• India-listed RRP Semiconductor's stock surged 55,000%+ in the 20 months through Dec. 17, despite negative revenue; source: India's SEBI is examining the surge (Chiranjivi Chakraborty/Bloomberg)
• Tebra, which offers practice management tools for private healthcare providers, raised $250M led by Hildred, mostly in equity, to accelerate its AI capabilities (FinSMEs)
• Sources: General Intuition, which trains AI agents in spatial reasoning, is in late-stage talks to raise several hundred million dollars at a $2B+ valuation (Alex Heath/Sources)
• How Apple is helping filmmakers and developers create immersive media for the Vision Pro and share best practices (Harry McCracken/Fast Company)
• OpenAI opens app submissions for review and publication in ChatGPT, where users can discover or search for apps in a new app directory (OpenAI)
• Apple unveils iOS changes in Japan to comply with local law, including alternative app stores and payment options, a new fee structure, and new default controls (Juli Clover/MacRumors)
• Sources: US FTC is probing Instacart's AI pricing tool, after a study showed different prices for the same items at the same stores; CART drops 8%+ after hours (Jody Godoy/Reuters)
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