Tobias

.Co‑founder Jyoti Bansal’s latest venture, Harness, raised $200 million led by Goldman Sachs, valuing the AI‑driven software delivery platform at $5.5 billion. The service continuously scans AI‑generated code for regressions, security flaws and cost inefficiencies, integrating both Anthropic and OpenAI models. After merging with security startup Traceable, Harness employs about 1,300 staff and is on track to exceed $250 million in annual recurring revenue, growing >50% YoY. Bansal is preparing for an IPO, positioning the company as a leader in AI‑augmented DevOps.

.Morning Squawk highlights: The Fed delivered a 25‑bp rate cut, signaling a hawkish stance and limited future cuts, sparking a stock rally. In tech, Oracle missed Q2 revenue while Cisco hit a record high, underscoring a split between legacy software firms and AI‑focused networking players. President Trump seized a Venezuelan‑linked oil tanker, pushing Brent crude higher. Rivian showcased AI‑driven autonomy to boost margins amid ongoing losses. Coca‑Cola named Henrique Braun CEO for 2026, aiming to drive digital and premium growth. Wealth advisors increasingly use encrypted messaging for fast, private deal coordination.

words.Esusu, a fintech that reports rent payments to credit bureaus, raised $50 million in Series C, valuing it at $1.2 billion. Targeting the 110 million U.S. renters largely “credit‑invisible,” the platform has helped users unlock $30 billion in mortgage financing and now serves 12 million renters across 5 million units. With new capital, Esusu will expand its Rent‑Reporting‑as‑a‑Service API, launch Esusu Pay for installment rent payments, and deepen integration of rental data into mortgage underwriting, aligning with recent FHFA mandates.

.Disney is investing $1 billion in OpenAI and licensing over 200 of its iconic characters—including Marvel, Pixar and Star Wars—for use in OpenAI’s Sora video‑generation app under a three‑year deal. The partnership gives Disney equity warrants, access to ChatGPT for staff, and a new recurring revenue stream while allowing OpenAI to enforce tighter copyright controls. Disney sees the move as a way to monetize its IP in the fast‑growing AI market and shape future generative‑AI tools responsibly.

summary.Disney is taking a $1 billion equity stake in OpenAI and licensing over 200 of its iconic characters to the AI video platform Sora. The three‑year deal lets users generate AI‑crafted videos featuring Disney IP, creating new revenue streams, personalized content and brand protection. It also gives Disney influence over future AI roadmaps. Risks include creative dilution, regulatory scrutiny and financial exposure as AI‑generated media markets grow.

words.Google DeepMind will open its first automated research lab in the UK next year, integrating advanced AI models with robotics for high‑throughput experiments aimed at next‑generation superconductors and semiconductor materials. British scientists will get priority access to DeepMind’s AI tools, accelerating the nation’s scientific output and bolstering its AI hub status. The partnership may expand to nuclear‑fusion research and public‑sector AI applications, while attracting venture capital and talent, potentially delivering breakthroughs like room‑temperature superconductors and extending Moore’s Law.

.Oracle’s shares fell over 12% after the company posted Q4 revenue of $16.06 billion, missing forecasts despite strong AI‑infrastructure demand. The miss dragged down other AI‑related stocks such as Nvidia and Microsoft. Oracle recently raised $18 billion in bonds and secured a $300‑billion partnership with OpenAI, but faces investor concerns over a heavy debt load and aggressive capex, now projected at $50 billion for the year. Analysts warn the firm must monetize AI services profitably to justify the borrowing and sustain shareholder value.

.Nvidia has introduced an optional software suite that lets owners of its AI GPUs verify the physical location of their hardware via a lightweight client agent sending read‑only telemetry. The tool provides a global dashboard showing GPU health, IP addresses and inferred locations, but contains no “kill switch” or remote‑control capability. Developed amid U.S. pressure to embed tracking for export‑control compliance—particularly toward China—the service aims to help customers demonstrate jurisdictional compliance, though it raises privacy and security concerns among enterprise users.

The UK and Germany are emerging as the core of Europe’s AI‑driven defence‑tech boom. Private capital has jumped to $4.3 bn since 2022, backed by NATO’s 5 % GDP defence‑spending pledge and national policies such as the UK’s £5 bn tech‑investment package and Germany’s €100 bn budget from 2026. Start‑ups like Helsing, Quantum Systems, PhysicsX, Cambridge Aerospace, Tekever and Stark have secured multi‑hundred‑million‑euro rounds and major contracts with the RAF, German army and NATO allies. Strong talent pools, manufacturing bases and AUKUS links aid scaling, but slow procurement, export‑control hurdles and a shortage of security‑cleared engineers remain key obstacles.

The Federal Reserve cut rates by 0.25 percentage points in December, pairing a modest “hawkish” trim with a new $40 billion‑monthly Treasury bill purchase program that quietly eases liquidity. Officials forecast stronger 2026 growth and signal only two more cuts before 2027, prompting a market rally and expectations of a “Santa Claus” surge. Meanwhile, NATO’s 5 %‑GDP defense‑spending target is driving a $4.3 billion influx into European AI‑defense startups, creating investment opportunities as legacy contractors partner with agile AI firms.