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Coursera to acquire Udemy in $2.5 billion all-stock deal; shares jump on announcement
Coursera said on Wednesday it will acquire Udemy in an all-stock transaction valuing the combined group at $2.5 billion. Udemy shareholders will receive 0.8 Coursera shares per share, with Reuters estimating Udemy’s implied value at about $930 million and $6.35 per share. Coursera rose about 4% and Udemy jumped nearly 22%; the deal is targeted for the second half of next year, pending approvals.
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Vitalik Buterin challenges China's ASI race narrative amid US AI pause debate
On December 17, 2025, Ethereum co-founder Vitalik Buterin used X to question claims that the United States must avoid any AI slowdown to keep ahead of China in the race toward Artificial Superintelligence. He responded to Senator Bernie Sanders' call for a moratorium on large AI data centers by outlining pros and cons and suggesting a "pause button" for supercomputers instead. Citing recent data, Buterin argued that assertions about China's determination and capacity to lead the ASI race are overstated, pointing to higher US AI investment and China's ongoing hardware constraints.
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X’s 2026 terms let Grok treat all prompts as user "Content" and cap damages at $100
X plans to implement new Terms of Service on Jan. 15, 2026, redefining user "Content" to explicitly include AI prompts, inputs, outputs, and information created or obtained through its services, while keeping the current Nov. 15, 2024 terms active until then. Under the updated contract, users grant X a broad license to reuse this Content for any purpose, including AI training, face new bans on AI "jailbreaking" and scraping, and remain subject to a $100 liability cap and Texas-based dispute rules that critics say could chill research and speech.
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GROK
GROK-1.83%
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MetaX raises $585.8 million ahead of Shanghai debut after 2,986x oversubscribed AI chip IPO
MetaX Integrated Circuits Shanghai Co. is set to begin trading in Shanghai after raising $585.8 million in an IPO that was oversubscribed 2,986 times on the retail tranche. The AI GPU maker, whose valuation at listing is 41.8 billion yuan, is seen by some fund managers as having potential upside of 10–12 times, which could fuel a broader rally in Chinese tech stocks. The company's Xiyun C500 series accounted for nearly 98% of its 2024 revenue, and MetaX captured about 1% of China's AI chip market.
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METAX+0.24%
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OpenAI Named Yahoo Finance Company of the Year Despite $1.4 Trillion Commitments and Record Losses
On December 15, 2025, OpenAI was selected as Yahoo Finance's Company of the Year even as it carried the largest losses ever recorded, tied to $1.4 trillion in spending plans. The firm shifted into a for-profit structure, struck massive deals with Microsoft, Oracle, AMD, Nvidia and others, and now reports 800 million weekly active users, $13 billion in 2025 revenue, and a private valuation of $500 billion. HSBC projects a $207 billion funding gap by 2030, while analysts warn that ambitious chip and data center investments have rattled partners and heightened competitive and financial risks.
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