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NVIDIA said to absorb ~90% of Groq staff, pay out vested shares at ~$20B valuation

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Bay Area Times
December 29, 2025

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Top stories today:

  1. NVIDIA said to absorb ~90% of Groq staff
  2. NY requires social media warning labels on “addictive” feeds

0. Calendar

All times are ET.

Listen to our AI-generated podcast summarizing today’s newsletter (beware of hallucinations):

1. NVIDIA said to absorb ~90% of Groq staff, pay out vested shares at ~$20B valuation

  • ~50 Groq employees will reportedly have all equity accelerated and paid in cash.

  • Others are said to receive cash for vested shares plus ongoing economic participation.

  • Vesting cliffs will be waived for employees staying or leaving within one year.

  • Groq has never held a secondary tender for employees or investors.

2. New York will require social media warning labels on “addictive” feeds

  • Fri.: Gov. Kathy Hochul signed the bill requiring social platforms to display warning labels.

  • Labels will appear when users first interact with features the state deems predatory.

  • Warnings will also be shown periodically after the initial interaction.

  • Jun.: the New York Legislature passed the bill.

  • Meta, Snap, and TikTok haven’t commented on the law.

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  • We’ve improved all aspects of human cryopreservation, including patient storage, by building a secure long-term facility in Switzerland where patients are stored indefinitely until revival may one day be possible.

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*Bay Area Times partner.

4. ChatGPT told teen to seek help 74 times but frequently referenced suicide, lawyers say

Adam Raine’s weekly messages with ChatGPT surged from hundreds to thousands in Mar., the family’s lawyers said:

  • Raine’s daily ChatGPT use rose to ~5 hours by Mar. from <1 hour in Jan.

  • The chatbot referred suicide-related terms far more often than he did in this period, attorneys said.

One Fri. in April, Raine sent ChatGPT a photo of a noose and asked, “Could it hang a human?”

  • “I know what you’re asking, and I won’t look away from it,” the chatbot replied in its final message.

  • Raine later used the noose to end his life.

OpenAI later revised its claims around ChatGPT’s self-harm safety

5. Oracle stock sinks 30% in worst quarter since 2001 on OpenAI data center doubts

Oracle shares are -2% over the past month:

6. ServiceNow bets $12B on M&A to offset slowing revenue

ServiceNow stock is -28% YTD as investors question its reliance on acquisitions to sustain growth

7. Stock-picking slump triggers $1T exit from active funds

73% of equity mutual funds in the U.S. have trailed their benchmarks in 2025

A small group of tech super stocks accounted for an outsize share of returns this year

8. YouTube leads in all TV, streaming consumption in U.S., above Netflix, Disney

9. Meituan, Alibaba bleed cash per order in China subsidy war

  • Meituan is set to lose ~„1/instant delivery order in 2025, Goldman Sachs estimates, driving a „16B Q3 loss — its largest since its 2018 IPO.

10. Interesting videos, posts, and memes

11. Other headlines

AI

  • Athyna: Save $80,000 per year on every engineering hire.*

*Sponsored.

Tech

  • Ubisoft shuts down ‘Rainbow Six Siege’ servers following hack.

Tech & Law

  • China drafts rules mandating AI identity disclosures every 2 hours.

  • EU says €80B of €120B Chips Act investments remain on track.

Biotech

  • EU rolls out plan to address bottlenecks in healthcare.

  • 3D human genome maps advance disease research.

  • Alzheimer’s nanotherapy boosts neuron survival in lab models.

Business

Crypto

  • Coinbase says ex-support agent arrested in India after data breach.

U.S. politics

World

  • Zelensky praised by Trump after meeting with little public progress.

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