Google Cloud and Palo Alto Networks strike a deal that a source says is Google Cloud's largest security services deal "approaching $10B" over several years (Kenrick Cai/Reuters) https://www.reuters.com/business/google-cloud-lands-deal-with-palo-alto-networks-approaching-10-billion-per-2025-12-19/
Memo: TikTok CEO Shou Zi Chew says ByteDance's US entities will retain direct control over core US revenue drivers, including ecommerce, ads, and marketing (Financial Times)
Sources: Google has formed a new executive council to allocate computing capacity given a critical shortage; members include Thomas Kurian and Demis Hassabis (Erin Woo/The Information) https://www.theinformation.com/articles/inside-balancing-act-googles-compute-crunch
Sources: China is retrofitting older models of ASML's DUV machines to produce advanced smartphone and AI chips, exposing cracks in US-led export controls (Eleanor Olcott/Financial Times)
DraftKings launches DraftKings Predictions, a new app that lets customers in 38 states trade contracts on sports and financial events through prediction markets (Ira Boudway/Bloomberg)
Denmark says Russia was behind "destructive and disruptive" cyberattacks on a water utility in 2024 and DDoS attacks in the lead-up to local November elections (Miranda Bryant/The Guardian)
Sources: The Chan Zuckerberg Initiative cuts ties with FWD.us, an immigration advocacy group founded by Mark Zuckerberg, eliminating FWD.us' main funding source (Bloomberg)
Coinbase sues Connecticut, Illinois and Michigan over state attempts to regulate prediction markets, arguing that they fall under the jurisdiction of the CFTC (Olga Kharif/Bloomberg)
Sources: UK officials believe China was behind the October cyber attack on the UK's Foreign Office, which aimed to access tens of thousands of sensitive files (Financial Times)
Meta's head of Threads Connor Hayes says that fediverse compatibility isn't a priority for its current roadmap, but it is something that it's "maintaining" (Alex Heath/Sources)