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Bengaluru-based edtech startup Emversity raised a $30M Series A led by Premji Invest, sources say at a $120M post-money valuation, up from $60M in April 2025 (Jagmeet Singh/TechCrunch)
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Alibaba links Qwen to its online shopping and travel services, including Taobao, Alipay, Fliggy, and Amap, aiming to build a one-stop AI app for its 100M users (Luz Ding/Bloomberg)
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CoinDesk data: Binance's spot crypto trading market share fell to 25% in December 2025, its lowest since 2021, and it is losing ground in derivatives trading (Sidhartha Shukla/Bloomberg)
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Project Eleven, which builds tools to prepare blockchains for post-quantum threats, raised a $20M Series A led by Castle Island at a $120M post-money valuation (Yogita Khatri/The Block)
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Thinking Machines parts ways with CTO Barret Zoph, with Soumith Chintala taking over the role; sources say the termination is due to "unethical conduct" (Kylie Robison/@kyliebytes)
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Fidji Simo says Barret Zoph, Luke Metz, and Sam Schoenholz are returning to OpenAI from Thinking Machines and the move "has been in the works for several weeks" (Fidji Simo/@fidjissimo)
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BREAKING: Thinking Machines has terminated its CTO, Barrett Zoph, due to unethical conduct according to two sources familiar with the matter. CEO Mira Murati announced the news at an all-hands with employees today. Soumith Chintala will be taking over as CTO. (Kylie Robison/@kyliebytes)
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X updates Grok to prevent the "editing of images of real people in revealing clothing such as bikinis" and geoblocks it for all users "where it's illegal" (Karissa Bell/Engadget)
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Coinbase pulls support from the US Senate's crypto market structure bill ahead of a key vote; CEO Brian Armstrong says there are "too many issues" with the bill (Nikhilesh De/CoinDesk)
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YouTube now lets parents set time limits on their kids' YouTube Shorts feed, ranging from 15 minutes to two hours, with an option for zero minutes coming soon (Stevie Bonifield/The Verge)
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Trump signs an order to impose a 25% tariff on chips "transshipped through the United States to other foreign countries", as part of the Nvidia H200 deal (Josh Wingrove/Bloomberg)
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UK PM Keir Starmer says X indicated to government officials it was acting to comply with UK laws by restricting the generation of non-consensual sexual images (Financial Times)
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Novee, which utilizes proprietary AI models to perform automated penetration testing, emerges from stealth with a $43M Series A and an $8.5M seed (Chris Metinko/Axios)
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PJM trims summer 2027 peak demand forecast to ~160 GW from ~164 GW because some projects, including data centers, lack firm service or construction commitments (Naureen S Malik/Bloomberg)
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OpenAI strikes a multibillion-dollar agreement to buy 750 MW of computing capacity from Cerebras over three years; sources: the deal is worth more than $10B (Wall Street Journal)
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Bitchat, a P2P messaging app launched by Jack Dorsey, has emerged as a key lifeline for people in Uganda and Iran facing government-imposed internet shutdowns (Reuters)
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Digg, rebooted under original founder Kevin Rose and Alexis Ohanian, launches its open beta; the site had been open to 67,000 users on an invite-only basis (Sarah Perez/TechCrunch)
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2026 may be the year of the mega IPO, as sources say Anthropic, OpenAI, and SpaceX took early steps to go public, setting up a watershed moment for the AI boom (New York Times)
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Verizon says it is "aware of an issue impacting wireless voice and data services for some customers", as thousands of users report no cellular reception (Jacob Krol/TechRadar)
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California AG Rob Bonta opens an investigation into xAI over the proliferation of nonconsensual, sexualized images generated by Grok, and urges xAI to act (Politico)
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