• Sources: SpaceX, OpenAI, and Anthropic could IPO in 2026; those three deals alone would exceed the total proceeds from roughly 200 US IPOs in 2025 (George Hammond/Financial Times)
• Hong Kong's benchmark Hang Seng Index rose 28% in 2025, its best percentage performance since 2017, driven by tech, AI, and semiconductor stocks (Wall Street Journal)
• Analysts and manufacturers expect smartphone, PC, and consumer electronics prices to rise by as much as 20% in 2026, as AI demand drives up memory chip costs (Song Jung-a/Financial Times)
• Report: China-based Moonshot AI, maker of Kimi models, raised a $500M Series C at a $4.3B valuation led by IDG Capital, with Alibaba and Tencent participating (Iris Deng/South China Morning Post)
• Some 2025 takeaways in LLMs: reasoning as a signature feature, coding agents were useful, subscriptions hit $200/month, and Chinese open-weight models impressed (Simon Willison/Simon Willison's Weblog)
• IDC expects Apple to ship just 45,000 units of the Vision Pro in Q4 2025; Sensor Tower says Apple cut digital ad spend for the headset by 95% in 2025 (Michael Acton/Financial Times)
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• Elon Musk says Neuralink plans to start "high-volume production" of brain-computer interface devices and move to an almost automated surgical procedure in 2026 (Reuters)
• Adam Mosseri details trends shaping Instagram and says it'll be more practical to authenticate real media than label AI, as AI gets better at imitating reality (Karissa Bell/Engadget)
• The FBI says fraudsters bilked Americans out of $333.5M via bitcoin ATM scams from January through November 2025, up from roughly $250M in 2024 (Lucien Bruggeman/ABC News)
• Thiel Capital opens an office in Miami, as Peter Thiel and others reportedly look to cut ties with California over a proposed ballot measure to tax billionaires (Biz Carson/Bloomberg)
• TSMC says the US government has granted the company an annual license to import US chip manufacturing equipment to its facilities in Nanjing, China (Reuters)
• Internal docs reveal Meta's tactics to fend off pressure to crack down on scammers, including efforts to make scam ads "not findable" for regulators and others (Jeff Horwitz/Reuters)
• Filing: Chinese AI chip startup Biren raises ~$717M in its Hong Kong IPO; institutional and retail tranches were oversubscribed ~26x and ~2,348x, respectively (Himanshi Akhand/Reuters)
• 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)
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