OpenAI looking at $830 billion valuationSam Altman’s AI company is
in talks for $100 billion in new investment from Softbank and others, the WSJ says. The company is also considering a possible IPO next year.
What that Trump Media-nuclear fusion deal meansThe financially struggling Trump Media & Technology Group’s $6 billion
merger with a nuclear fusion developer represents either a bet on more taxpayer dollars being invested in the first fusion player to go public—soon owned in part by the Trump family—or a belief that an influx of capital will speed up the launch of clean, limitless electricity that eventually will transform the global grid.
TikTok sale agreedByteDance, the Chinese company that owns TikTok, has reached a deal to offload 80% of its U.S. assets to Oracle, Silver Lake, and MGX,
according to Reuters. The valuation is not yet known. The deal will help the company avoid being banned in the U.S.—a longstanding promise of President Trump.
Chanel’s Claire Isnard speaksClaire Isnard can trace her 40‑year career—including 17 years at Chanel—back to one bad exam. Had she passed, she’d likely still be in a classroom, grading essays on Italian literature. In her first-ever sit-down interview ahead of her retirement, Isnard says she’s come full circle. Despite having zero HR qualifications, she wound up as Chanel’s chief people and chief organization officer. “When you draw my story back, the first compelling and meaningful thing that would end up spread across everything I’ve done is helping people become who they didn’t think they can become,”
she told Fortune.
PayPal CEO Alex Chriss on stablecoinsSince January, PayPal’s stock price has dropped more than 30% as it tries to halt competitors from encroaching on its core products of online checkout and peer-to-peer payments. In response,
Chriss says the fintech is looking to get a lift from next-generation payment products like stablecoins, and working to incorporate them across its operations and products.
North Korea is biggest crypto thiefA massive amount of crypto was robbed this year, and
most of it went to North Korea. The country accounted for roughly 59% of the more than $3.4 billion in stolen crypto, according to Chainalysis’ 2026 Crypto Crime Report.
More Epstein photos releasedHouse Democrats
released several dozen more photos Thursday from the estate of the convicted sex offender Jeffrey Epstein, showing his associations with the rich and famous, including Bill Gates and Sergey Brin, as the Department of Justice faces a deadline to release many of its case files by the end of the week.
EU agrees €90 billion loan to UkraineAfter a deal to use frozen Russian assets fell apart, the bloc agreed to fund Kyiv’s defense against the invasion by Russia with its own cash. “We committed, we delivered,”
European Council president António Costa said.
Trump designates Christmas Eve, Dec. 26 as federal holidaysGovernment workers
will get a five-day weekend, perhaps setting a tone for the private sector.