MetaX Integrated Circuits, a Chinese GPU developer for AI, saw its stock price skyrocket more than 561% on its first trading day. The company raised close to $600 million, following a similar explosive debut by competitor Moore Threads earlier in December.
Federal regulators have opened an investigation into Nevada OSHA after the agency suddenly withdrew serious safety citations against Elon Musk’s Boring Company. The citations were issued after two firefighters were burned by chemicals in a tunnel. The withdrawal followed a meeting set up by Boring’s
PayPal is taking a major step to become a full-fledged bank in the US. The company has submitted applications to establish “PayPal Bank” as an industrial loan company in Utah. This would allow it to offer FDIC-insured accounts and reduce reliance on third-party lenders.
Google Labs has announced a new AI productivity experiment called CC. It connects to your Gmail, Google Calendar, and Google Drive to send a personalized “Your Day Ahead” briefing each morning. For now, it’s a waitlist-only test for users in the US and Canada.
A group of major app developers has filed a formal complaint with the European Commission. They argue Apple’s new fee structure, which replaced the Core Technology Fee in July, continues to put EU apps at a disadvantage.
Payments startup Speed has secured $8 million in funding co-led by Tether. The company plans to use the capital to expand its merchant tools and global payment network that handles both Bitcoin and stablecoins.
The AI infrastructure darling’s stock has plummeted 56% since its hot March IPO. Investors are getting spooked by massive debt, construction delays, and circular financing that looks a lot like the dot-com era.
Pure Data Centres Group has signed what it calls Europe’s largest standalone hyperscale lease for 2025. An unnamed customer is taking the entire 78MW capacity of a planned campus in Amsterdam, a deal worth over €1 billion.
Google is rolling out its “Preferred Sources” feature to English-language users globally. The tool lets you pick trusted websites to prioritize in your search results. It’s a major shift away from Google’s traditional, opaque algorithm.
A breakthrough from Nagoya University uses the rapid cooling of laser powder bed fusion 3D printing to trap iron in aluminum, creating a heat-resistant alloy. This could lead to lighter vehicle and aircraft components, reducing fuel use and emissions.
