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SoftBank Eyes Majority Stake in 1X at $6B Valuation

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SoftBank is in talks to acquire a majority stake in OpenAI-backed humanoid robot developer 1X Technologies, in a deal that could value the startup at around $6 billion, according to a report by The Information citing people familiar with the matter. The talks are ongoing, and terms could still change.

The potential investment would strengthen SoftBank’s growing focus on robotics and artificial intelligence. OpenAI invested in 1X in 2023 through its startup fund, alongside Tiger Global and Norway-based investors. OpenAI and 1X had also discussed the possibility of an acquisition last year.

The move follows SoftBank’s broader expansion into the robotics sector. Last year, the Japanese conglomerate agreed to acquire Swiss engineering group ABB’s robotics business for about $5.4 billion, highlighting its ambition to build a stronger position in the rapidly developing robotics industry.

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Alibaba Shares Slide After $10.2 Billion AI Share Sale

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Alibaba shares fell sharply in Hong Kong on Monday after the Chinese technology giant launched a $10.2 billion share sale to fund its expanding AI ambitions. The company priced 710 million new shares at HK$112.70 each, an 8.4% discount to Friday’s closing price, raising concerns over shareholder dilution and the risks involved in its heavy AI spending.

Despite the discount, the offering attracted strong investor demand, with orders reportedly reaching $28 billion. Around 40% of the shares are expected to go to long-term and sovereign investors. Alibaba Chairman Joe Tsai and CEO Eddie Wu also bought shares in the company, signaling confidence in its AI strategy.

Alibaba is increasingly shifting its focus toward AI as e-commerce growth slows. The company has committed nearly half of its 380 billion yuan three-year capital spending plan, while its AI-related spending contributed to a 75% year-on-year drop in quarterly net profit. The company expects its AI investments to break even within about three years as it develops proprietary chips and AI models.

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France Nears End of Nvidia Antitrust Investigation

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France’s competition authority has announced that its investigation into U.S. chipmaker Nvidia over alleged anti-competitive practices is nearing completion. The probe, which has examined Nvidia’s conduct in the semiconductor market, is now in its final stages, according to officials.

Umberto Berkani, the French competition authority’s general rapporteur, said the investigation is close to concluding but did not provide a timeline for a final decision or disclose any findings. The inquiry is part of broader regulatory scrutiny of major technology companies operating in Europe.

The outcome of the case could have implications for Nvidia’s business practices in the region, particularly as demand for AI chips continues to grow. Authorities have not yet indicated whether the investigation will result in penalties or other regulatory measures.

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Kremlin Seeks Answers After Apple Removes Russian Apps from App Store

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Russia has demanded an explanation from Apple after several applications linked to Russian technology company VK were removed from the App Store without prior notice. VK, which operates popular social media, messaging, video, email, and educational platforms, said the company is not subject to U.S. sanctions and described Apple’s decision as unfair and unacceptable for millions of Russian users.

Kremlin spokesperson Dmitry Peskov said Russian authorities would formally seek clarification from Apple and warned that Moscow could reconsider future cooperation with the company if satisfactory answers are not provided. He also suggested that affected users could switch to Android devices, where VK’s applications remain available.

The dispute comes amid Russia’s broader effort to reduce reliance on Western technology platforms since the Ukraine conflict began in 2022. Moscow has increasingly promoted domestic digital services, including VK’s state-backed MAX messenger, while strengthening control over the country’s online ecosystem. VK remains one of Russia’s largest internet companies, with millions of daily users across its social media and video platforms.

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Netherlands Joins US-Led AI Alliance Despite ASML Export Dispute

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The Netherlands has agreed to join Pax Silica, a U.S.-led initiative aimed at strengthening and coordinating artificial intelligence supply chains among allied nations. The move marks a significant boost for Washington’s technology diplomacy efforts, even as the two countries continue to disagree over certain chip equipment exports to China.

The announcement comes as Dutch Trade Minister Sjoerd Sjoerdsma visits Washington to discuss trade issues, including concerns over the proposed U.S. Match Act. While both countries support restrictions on exporting advanced semiconductor manufacturing tools used for AI chip production, they remain divided on whether Dutch company ASML should be allowed to sell and maintain some less-advanced equipment in China.

Pax Silica seeks to enhance economic security and cooperation in critical technology sectors. Besides the Netherlands, members include Japan and South Korea, while Taiwan has endorsed the initiative without formally joining. The European Union is also expected to participate in the future, further expanding the alliance’s influence over global AI and semiconductor supply chains.

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France’s Spy Agency Replaces Palantir With Local AI Firm

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France’s domestic intelligence agency, DGSI, has selected French technology company ChapsVision to replace data analysis tools currently provided by U.S.-based Palantir. Prime Minister Sebastien Lecornu said the move reflects France’s commitment to reducing dependence on foreign technology and strengthening national digital sovereignty.

Although ChapsVision has been chosen as the long-term replacement, Palantir’s existing contract with the agency remains active and its tools will continue to be used during a transition period. French officials said the gradual rollout is necessary to prevent any operational disruptions while the new system is integrated.

The decision comes amid growing concerns across Europe about reliance on American technology providers, particularly in sensitive areas such as security and artificial intelligence. France also announced plans to invest €655 million in AI initiatives, including government-wide chatbot services, a public health assistant, and new platforms to improve access to public data.

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Albanian Actor Sues Government Over Use of Her Image as AI “Minister”

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An Albanian film and theatre actor has filed a lawsuit against the government, claiming her face and voice were used without consent to create an AI-generated “virtual minister.” The case centres on Anila Bisha, whose likeness was used for an avatar named Diella, unveiled when Prime Minister Edi Rama began his fourth term last September. The AI figure was presented as a cabinet member overseeing government contracts, a move billed as part of efforts to combat corruption.

Bisha says she had agreed for her likeness to be used only as a virtual assistant on a government website to help citizens access documents, not as a political figure. She told Reuters the unexpected transformation has led to online abuse and unwanted attention in public, with people referring to her as a government minister. The government denies wrongdoing, calling the lawsuit baseless and saying it is prepared to resolve the matter in court.

The dispute comes as Albania’s government faces heightened scrutiny following corruption allegations involving senior officials. Diella’s image appears prominently alongside cabinet members on the official website, adding to the controversy. A court in Tirana is expected to rule on whether the government must stop using Bisha’s image, while her lawyer says she is seeking €1 million in damages for the alleged violation of her personal data rights.

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Apple Hits Record iPhone Sales as Macs and Wearables Slip

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Apple reported its strongest-ever iPhone sales in the final quarter of last year, driven by high demand for the new iPhone 17 lineup. Overall revenue jumped 16% year-on-year to $144bn, marking the company’s fastest growth since 2021. Sales surged across key markets including China, Europe, the Americas, Japan, and India, where Apple posted a record quarter. CEO Tim Cook said demand was so strong that Apple is currently constrained by supply.

Not all parts of the business shared in the success. Sales of wearables and accessories, such as Apple Watch and AirPods, fell by around 3%, while Mac computer sales dropped just over 7%. Analysts say Apple’s dominance in smartphones is facing growing uncertainty, particularly as competition intensifies and consumer expectations evolve.

Investors are closely watching Apple’s next steps in artificial intelligence, especially following its newly announced partnership with Google’s Gemini AI for future Siri upgrades. While Apple plans to spend $16bn on infrastructure and retail expansion next year, its AI investment remains modest compared to rivals like Microsoft. That cautious approach comes as Microsoft’s heavy AI spending has recently rattled investors, sending its shares sharply lower.

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Huawei Reconsiders Future of Its New French Factory Amid Europe’s Tougher Stance

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Huawei is reassessing the future of its newly completed manufacturing plant in eastern France as slow 5G deployment and growing restrictions on Chinese telecom equipment reshape its European plans. The €200 million facility near Strasbourg, finished in September, remains unused, with officials and executives suggesting the company is undecided about proceeding. The plant was meant to produce wireless base-station equipment and create up to 500 jobs, marking Huawei’s first manufacturing site in Europe.

Europe’s political climate has shifted significantly since the project was announced, with several governments toughening their stance on Chinese technology. Germany recently moved to ban Chinese components from future 6G networks, while broader EU measures aim to phase out Chinese telecom equipment. These developments, combined with sluggish 5G uptake, have placed Huawei in a difficult strategic position. Local authorities also cancelled a previously agreed €800,000 subsidy due to persistent uncertainty around the project’s future.

Sources say Huawei is considering “all options,” including selling the 52,000-square-metre site, with industrial groups already touring the facility. Security concerns and policy shifts have slowed the company’s ambitions in Europe despite its 35–40% market share in 4G and 5G equipment. While its European prospects dim, Huawei is experiencing strong growth in other sectors such as smartphones and smart-driving technology, prompting analysts to suggest the company may redirect resources where demand is rising fastest.

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Wingtech Invites Nexperia Custodians for Talks Amid Ongoing Governance Dispute

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Wingtech Technology, the Chinese parent company of Dutch chipmaker Nexperia, has invited the court-appointed custodians of Nexperia to discuss control of the company—seen as a potential first step toward easing months of internal tensions. The rift between Nexperia’s European management and its Chinese parent deepened after the Dutch government intervened in September, leading to a court ruling that removed Wingtech founder Zhang Xuezheng as CEO over concerns he intended to shift production to China.

Although both sides have signaled interest in dialogue, they disagree on the agenda. Nexperia says it wants talks focused on restoring normal supply chain operations, which have been hit by wafer shipment stoppages, unpaid invoices and growing chip shortages that have affected global automakers. Wingtech, however, insists discussions must first address the restoration of its ownership rights and lawful control over the company.

Court-appointed custodian Arnold Croiset van Uchelen confirmed receiving Wingtech’s invitation but declined to share details of any upcoming meeting. Meanwhile, Nexperia’s Chinese packaging arm has declared itself independent and is seeking Chinese-made wafers, while the European unit has halted shipments to China. With dwindling chip inventories, the auto industry fears fresh shortages may emerge as early as January.

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