Sources: Skild AI, which develops a foundational model for robots, is in talks to raise $1B+ from SoftBank and Nvidia at a $14B valuation, up from $4.7B in July (Reuters) https://www.reuters.com/business/media-telecom/softbank-nvidia-looking-invest-skild-ai-14-billion-valuation-sources-say-2025-12-08/
ICEBlock's developer sues the Trump administration in federal court for First Amendment violations after Apple removed its app following White House pressure (Bobby Allyn/NPR) https://www.npr.org/2025/12/08/nx-s1-5631826/iceblock-app-lawsuit-trump-bondi
Unconventional AI raised a $475M seed led by a16z and Lightspeed at a $4.5B valuation to build a more energy-efficient AI computer, part of an up to $1B round (Rachel Metz/Bloomberg)
Michael Saylor's Strategy acquired 10,624 bitcoin for $962.7M between December 1 and 7, its largest purchase since July; its stock is down ~40% in 2025 (James Hunt/The Block) https://www.theblock.co/post/381668/michael-saylors-strategy-buys-more-bitcoin
Paramount launches a hostile bid to acquire WBD, offering WBD shareholders $30 per share in an all-cash deal; sources say WBD rejected the same bid last week (CNBC)
India's Tata Electronics signs up Intel as the first prospective client for its upcoming chip facilities; Tata is investing ~$14B to build in Gujarat and Assam (Nandan Mandayam/Reuters) https://www.reuters.com/world/asia-pacific/indias-tata-signs-up-intel-first-major-customer-14-billion-chip-foray-2025-12-08/
President Trump says he will do "a ONE RULE" EO on AI "this week" and "you can't expect a company to get 50 Approvals every time they want to do something" (Bloomberg) https://www.bloomberg.com/news/articles/2025-12-08/trump-says-he-ll-sign-executive-order-curbing-state-ai-rules
IBM agrees to acquire data streaming software maker Confluent for ~$11B in cash, above its ~$8B market value as of its December 5 close, paying $31 per share (Lauren Thomas/Wall Street Journal) https://www.wsj.com/business/deals/ibm-nears-roughly-11-billion-deal-for-confluent-276f52d8?st=QeirTf
An OpenAI survey of 9,000 workers at 100 companies: it saves workers ~40 to 60 minutes per day on average for professional tasks; OpenAI has 1M business clients (Shirin Ghaffary/Bloomberg) https://www.bloomberg.com/news/articles/2025-12-08/openai-finds-ai-saves-workers-nearly-an-hour-a-day-on-average
Netflix changed movie distribution and its executives now think that licensing shows leaves money on the table; YouTube may help Netflix's WBD antitrust case (Ben Thompson/Stratechery)