tech

Rani Molla1/27/25

TikTok’s latest round of potential buyers includes Oracle and Perplexity AI

After President Trump announced that saving TikTok would require the US — it’s not clear whether he meant US companies or the government itself — to have a 50% ownership stake in a new venture, a new round of bids is flowing in for ByteDance’s short-form video app:

Oracle, which had successfully bid for TikTok during Trump’s last administration, along with other investors is discussing taking a majority stake in the company’s global operations, NPR reports. “The goal is for Oracle to effectively monitor and provide oversight with what is going on with TikTok,” said an anonymous source directly involved in the talks. “ByteDance wouldn’t completely go away, but it would minimize Chinese ownership.”
Perplexity AI has also mounted a new bid that would give the US government up to 50% ownership of a new entity that combines Perplexity and TikTok’s US business, following an initial public offering of at least $300 billion, according to the Associated Press. The deal wouldn’t include the TikTok’s vaunted recommendation algorithm and the government would not have voting power or a seat on the new company’s board.

Trump, who said he’s in talks with “many people” interested in buying TikTok, expects to have a decision in 30 days, Reuters reports.

More Tech

tech

Nate Becker12/19/25

Tesla CEO Elon Musk wins appeal for his 2018 pay package

Tesla CEO Elon Musk has won an appeal to the Delaware Supreme Court, restoring his 2018 pay package that was worth $56 billion at the time but has since ballooned in value, Reuters reports.

Two years ago, a lower court had struck down the compensation deal, calling it “unfathomable,” and Musk has been fighting for it since then.

Of course, Musk was recently awarded an even bigger pay package that could potentially award him $1 trillion over time. Tesla shares were recently up 0.5% in after-hours trading.

Musk wins appeal and restores 2018 Tesla pay deal worth $56 billion

Musk wins appeal and restores 2018 Tesla pay deal worth $56 billion

Of course, Musk was recently awarded an even bigger pay package that could potentially award him $1 trillion over time. Tesla shares were recently up 0.5% in after-hours trading.

tech

Jon Keegan12/19/25

OpenAI’s reported fundraising valuation keeps jumping by hundreds of billions of dollars

OpenAI is reportedly in talks to raise as much as $100 billion, with a valuation of....~~$500 billion...$750 billion~~ $830 billion?

This is getting ridiculous. This week we have read multiple reports that OpenAI is in early discussions with potential investors about a significant fundraising round of up to $100 billion, to help cover its cloud computing costs.

On Tuesday, The Information reported a major $10 billion investment from Amazon in OpenAI, with a valuation higher than $500 billion
On Wednesday, The Information reported that the $100 billion round would give OpenAI a valuation of $750 billion
Today, the Wall Street Journal is reporting that the $100 billion round would give OpenAI a valuation of as much as $830 billion

The spread from $500 billion to $830 billion is pretty wild, and we are wondering what it might be by next week.

Exclusive | OpenAI’s New Fundraising Round Could Value Startup at as Much as $830 Billion

Exclusive | OpenAI’s New Fundraising Round Could Value Startup at as Much as $830 Billion

On Tuesday, The Information reported a major $10 billion investment from Amazon in OpenAI, with a valuation higher than $500 billion
On Wednesday, The Information reported that the $100 billion round would give OpenAI a valuation of $750 billion
Today, the Wall Street Journal is reporting that the $100 billion round would give OpenAI a valuation of as much as $830 billion

The spread from $500 billion to $830 billion is pretty wild, and we are wondering what it might be by next week.

Alexander C. Kaufman

Inside Trump Media’s head-scratching $6 billion merger to become a nuclear fusion company

“TAE is swinging for the fences for a grand slam,” one analyst told us, but the odds are against it.

Hand Holding an Atomic Rock Above a City

tech

Jon Keegan12/18/25

Report: OpenAI in early talks for new fundraising round with $750 billion valuation

Just yesterday, we were reading about how Amazon was in talks to invest as much as $10 billion in OpenAI, with an eye-popping valuation of more than $500 billion. But those numbers might already be old.

A new report by The Information says that OpenAI is in early talks to raise as much as $100 billion, with a $750 billion valuation.

The company is reportedly estimating its fast-growing revenue will hit $100 billion by 2028, but it also expects to burn $115 billion in cash through 2029.

OpenAI Has Discussed Raising Tens of Billions at Valuation Around $750 Billion

OpenAI Has Discussed Raising Tens of Billions at Valuation Around $750 Billion

The company is reportedly estimating its fast-growing revenue will hit $100 billion by 2028, but it also expects to burn $115 billion in cash through 2029.

GOP Lawmakers In D.C. Poised To Vote On Waivers That Allow California To Set Own Emissions Standards

US electric vehicle sales are expected to slide nearly 40% in Q4

This is weirdly good news for Tesla.

Rani Molla12/18/25

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