Financial Times:
OpenAI hopes the Disney deal boosts Sora, which has high costs and limited traction; Sensor Tower: users average 13 minutes per day on Sora vs. 90 on TikTok  —  Sora has struggled to build an engaged audience despite already hosting bootleg content from the Hollywood studio

Dina Bass / Bloomberg:
Broadcom's shares fell 11% on December 12, their biggest single-day drop since January, after the company's AI sales outlook fell short of investor expectations  —  Broadcom Inc., a chip company vying with Nvidia Corp. for AI computing revenue, suffered the worst stock decline in more than 10 months …

Mark Haranas / CRN:
Indian IT giant TCS agrees to acquire Coastal Cloud, a Florida-based Salesforce consulting partner, for $700M, in a bid to boost its AI and US customer business  —  Tata Consultancy Services is buying U.S.-based Salesforce Summit Partner Coastal Cloud for $700 million to boost its global presence and AI business.

Robin Wigglesworth / Financial Times:
Cisco's stock touched a new record high of $80.25 on December 10, surpassing its previous split-adjusted high of $80.06 on March 27, 2000; CSCO is up 31.64% YTD  —  🥳🥳🥳🥳🥳  —  It only took 25 years, eight months and 13 days, but the stock of Cisco Systems finally hit a new record high.

Isabelle Lee / Bloomberg:
Seagate and Western Digital, with stocks each up 200%+ in 2025, will join Nasdaq 100 before the December 22 market open; GlobalFoundries will leave the index  —  Six firms are set to join the Nasdaq 100 Index as part of its annual reconstitution, the benchmark's overseer said Friday.