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☆ Google’s new AI tool uses image prompts instead of text
▼ + stars: | 2024-12-17 | by ( John Towfighi | ) edition.cnn.com time to read: +4 min

CNN —Google’s newest artificial intelligence tool, “Whisk,” lets people upload photos to get back a combined, AI-generated image – even without users inputting any text to explain what they want. Google’s Whisk is an image-to-image generator, building upon the popular concept of text-to-image generators. Users can add in text if they want to direct certain details, but it is not required to create an image. Google’s Whisk is built upon the generative AI developed by DeepMind, the AI lab that Google acquired in 2014. For example, the generated image might have a different height, hairstyle or skin tone as the prompt images, Google said in a blog post.

Persons: ”, Google, Whisk, OpenAI, ” Thomas Iljic, Demis Hassabis, John M, David Baker, Dan Kitwood, DeepMind, Dan Ives, ” Ives Organizations: CNN, Big Tech, Google, Google Labs, DeepMind, Chemistry, University of Washington, Wedbush Securities, Samsung, Qualcomm Locations: London, England

☆ Indonesia protectionist policy to draw investment misguided: Economists
▼ + stars: | 2024-12-17 | by ( Dylan Butts | ) www.cnbc.com time to read: +6 min

On Dec. 3, Indonesia's deputy industry minister told reporters that the country plans to increase the local content requirement for smartphone investments. Still, Indonesia is a small overseas sales market for Apple, with few consumers wealthy enough to buy a cutting-edge iPhone, economists said. Indonesia's content policy requires 40% of smartphones and tablets to be locally made. "Local content requirements have not been successful in attracting FDI to Indonesia. In addition to its local content requirements, Indonesia has also implemented other protectionist policies, including tariffs, to drive greater investments into the country.

Persons: Tim Cook, Budi Arie Setiadi, Joko Widodo, Bhima Yudhistira Adhinegara, What's, Arianto Patunru, Will Indonesia's, Indonesia's, CELIOS, Adhinegara, Yessi, Krisna Gupta Organizations: Apple, Indonesian, Communication, Industry, Afp, Getty, Center of Economic, Law Studies, CNBC, Apple Developer, Samsung, Center for Indonesian, Studies, Economic Research Institute, ASEAN Locations: Indonesian, Jakarta, Apple, Indonesia, Vietnam, China, Cupertino, Bali, South, Southeast Asia, East Asia

☆ Apple is working on a foldable iPad that has no screen crease, reports say
▼ + stars: | 2024-12-16 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +2 min

Apple plans to launch a foldable giant iPad and a folding iPhone, according to multiple reports. Apple is developing a foldable iPad and a foldable iPhone, according to multiple reports. The company is unlikely to bring its folding iPhone to market before 2026, Bloomberg and The Wall Street Journal reported. AdvertisementDespite years of working on the new form factor, Apple has faced hurdles in bringing foldable devices to market. Apple wants its new iPad to be free of the crease that's present in other foldable devices available on the market.

Persons: Bloomberg's Mark Gurman, Gurman, Apple Organizations: Apple, Bloomberg, Street Journal, Wall Street, Microsoft, LG, Samsung, Business Locations: Cupertino

☆ Google is taking on Apple with a XR headset
▼ + stars: | 2024-12-13 | by ( John Towfighi | ) edition.cnn.com time to read: +5 min

CNN —Google and Samsung are stepping into the wearable headset race. The Samsung headset will be the first product powered by the new Android operating system for XR before the new OS becomes available for other companies to use in their own devices. Android for XR — an umbrella term for various types of virtual and augmented reality — was built in collaboration by Google, Samsung and Qualcomm and will be able to power hardware devices like headsets and glasses. A customer tries on the Apple Vision Pro headset during the product launch at the Apple Store in New York City on February 2, 2024. The Vision Pro, the tech giant's $3,499 headset, was its first major release since the Apple Watch nine years ago.

Persons: Ted Mortonson, Baird, “, ” Mortonson, Mortonson, Angela Weiss, Scott Kessler, We’re, ” Kessler, Dan Ives, ” Ives, Joon Choi, ” Choi, Kessler, “ We’ve, ”, Baird’s Mortonson Organizations: CNN, Google, Samsung, Apple’s, Meta, Vision, Qualcomm, Apple, Apple Watch, Getty, Wedbush Securities, Gemini, Connect, Big Tech Locations: New York City, Menlo Park , California

☆ 17 creator-economy startups that raised big funding rounds this year, as investors chased AI and other buzzy areas
▼ + stars: | 2024-12-13 | by ( Sydney Bradley | Dan Whateley | ) www.businessinsider.com time to read: +8 min

AdvertisementIn 2024, 17 creator startups raised at least $10 million in new funding, totaling over $900 million. AdvertisementStartups that offer automated dubbing, AI editing, or generative AI features — such as Captions, ElevenLabs, and OpusClip — all raised hefty rounds this year. Here are 17 of those companies, listed in alphabetical order:AdvertisementAgentio, an ad platform streamlining creator-brand marketing on YouTube, raised a $12 million Series A. Influur, an influencer-marketing platform, closed a $10 million Series A in November, led by Point72 and HTwenty Capital. ShopMy, an affiliate and influencer-marketing company, raised an $18.5 million add-on to its Series A in March, closing the round at $26.5 million.

Persons: Ollie Forsyth, Levanta, Forsyth, Substack, Kleiner Perkins, cofounders Steven Galanis, Devon Townsend, Martin Blencowe, Jared Leto, A16z, Nat Friedman, Daniel Gross, Flip, Point72, Grant, Alexandra Botez, Emma Grede, Michael Ovitz, Lucy Guo, OnlyFans, Jon Oringer, Sean Rad, Slushy Organizations: Investor, YouTube, Benchmark, Craft, Lightspeed Venture Partners, New Enterprise Associates, Sapphire Ventures, Valor Siren Ventures, Endeavor Catalyst, Business, Index Ventures, Sequoia Capital, Adobe Ventures, HubSpot Ventures, Smash, SV Angel, HTwenty, Millennium, Horizons, Ventures, Samsung, Crossbeam Venture Partners, Mosaic Ventures, Sierra Ventures, RTP Global, Mayfield Fund, Revolution Ventures, Prime, Lab, VC, Electric Feel Ventures Locations: Sequoia, London

For more big-screen display recommendations from other brands, check out our guides to the best TVs, best 4K TVs, and best 75-inch TVs. It's one of the best TV stands for larger displays and offers an understated look with a wide 70-inch surface. For more options, check out our guide to the best TV wall mounts. If that's the case for you, I recommend visiting our guides to the best soundbars and the best Dolby Atmos soundbars for more compact audio setups. The Ultra is my pick for the best streaming device overall, but there are great Apple TV, Fire TV, and Google TV alternatives if you prefer those systems.

Persons: I've, Steven Cohen, they're, Amazon I've, I'm, Zelda, Mario Organizations: Business, Amazon, Walmart, Samsung, Walker Edison, Apple, TV, Google, Dolby Vision, Nintendo

☆ Five global stocks the pros are buying before the start of 2025
▼ + stars: | 2024-12-09 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +6 min

As the year-end nears, CNBC Pro asked three fund managers what global stocks they are buying in the lead-up to 2025, as they attempt to get ahead of the curve. Their average price target is 988.93 Danish krone ($140.10), giving the stock around 25% potential upside. Analysts are divided on the stock, with less than half giving it a buy or overweight rating. The average price target for Rivian is $14.74, according to FactSet data, giving it potential upside of 13.4%. This gives it upside potential of 36.8%.

Persons: —, Michele Schneider, Schneider, injectables, Rivian, Donald Trump, Tariq Dennison, Dennison, Midea, Nestle Dennison, Thea Jamison, Jamison Organizations: CNBC Pro, Novo Nordisk, Gallup, pharma, Nasdaq, Rivian Automotive, Volkswagen, U.S . Department of Energy, Midea, GFM Asset Management, Trump, Shenzhen Stock Exchange, Hong, Nestle, Maggi, Change, Samsung Electronics, KBC, Minh Stock Exchange Locations: Danish, Nasdaq Copenhagen, U.S, Georgia, China, Hong Kong, Swiss, Switzerland, Bac City, Asia, Vietnam

☆ What is high bandwidth memory and why is the US trying to block China’s access to it?
▼ + stars: | 2024-12-08 | by ( Wayne Chang | Rosa De Acosta | ) edition.cnn.com time to read: +6 min

CNN —The US government has imposed fresh export controls on the sale of high tech memory chips used in artificial intelligence (AI) applications to China. The rules apply to US-made high bandwidth memory (HBM) technology as well as foreign-produced ones. High bandwidth memory (HBM) are basically a stack of memory chips, small components that store data. Experts say the latest export restrictions will slow China’s development of AI chips and, at most stall, its access to HBM. Because AI applications require a lot of complex computing, such traits ensure that these applications run smoothly, without delays or glitches.

Persons: ” G Dan Hutcheson, Biden, ”, Jeffery Chiu, Steve Cho Kyewoong, Hutcheson, Praveen Vaidyanatha, Avril Wu, HBM, Chiu, ” Hutcheson Organizations: CNN, Nvidia, Devices, South, SK Hynix, Samsung, America’s Micron, “, Memory Technologies, SK Hynix's, Penta, Micron, Central News Agency, TrendForce’s Senior Locations: China, Beijing, Seoul, HBM, Taipei

☆ Biden launched a US chipmaking boom. The jobs boost will come under Trump.
▼ + stars: | 2024-12-08 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +6 min

Hiring for roles in semiconductor manufacturing could come under the Trump administration. AdvertisementThe Biden administration's efforts to boost US semiconductor manufacturing and employment could bear fruit during the Trump administration. When reached for comment, the Trump-Vance transition team didn't respond to a question about Trump's plans to boost US semiconductor manufacturing employment. Samsung is projecting that it will begin chip production at its chip factory in Taylor, Texas in 2026. Advertisement"The point is to have more chip manufacturing, which will mostly come over the next few years," he said.

Persons: Trump, Biden, Donald Trump, Jeff Koch, SemiAnalysis, Koch, Stephen Ezell, Joe Biden, Jimmy Goodrich, Vance, TSMC, Clay, Chris Miller Organizations: Biden, Intel, Samsung, Micron, SK Hynix —, Information Technology, Innovation Foundation, Trump —, Semiconductor Industry Association —, RAND Corporation, SK Hynix, Trump, Apple, Phoenix, Reuters, Commerce Department, American Enterprise Institute Locations: Taiwan, Boise , Idaho, Clay , New York, Boise, The Boise, South Korea, West Lafayette , Indiana, Taylor , Texas

☆ Intel says its 'no wafer left behind' days are over
▼ + stars: | 2024-12-05 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +3 min

Execs said the company needs to prioritize efficiency over "no wafer left behind." Intel says it needs to be thriftier and approach production with a zero-waste model. Days after CEO Pat Gelsinger's sudden departure, Intel executives said the company must prioritize efficiency. But Intel needs a "no capital left behind" mindset, he added. Intel spent $25.8 billion on capital expenditures last year, up from $18.7 billion two years ago.

Persons: Execs, Pat Gelsinger's, Chandrasekaran, David Zinsner, Zinsner, You've, Trump Organizations: Intel, Nvidia, Samsung, UBS Global Technology, Conference, Micron, Companies, Microsoft, Google, Commerce Department, New York Times

☆ OpenWeb's ousted CEO who refused to quit speaks exclusively with BI about his battle with the board
▼ + stars: | 2024-12-05 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +11 min

Shoval's messy battle with the board goes publicTensions boiled over in mid-2024 when OpenWeb's board changed Shoval's reporting line, a move he felt breached his contract. Then the company announced to staffers that Shoval would be replaced with an interim CEO, OpenWeb's former chairman Tim Harvey. AdvertisementShoval made his dispute with the OpenWeb board public by posting on LinkedIn in October. His complaint argued that he should be reinstated as CEO and able to appoint two new board directors of his choosing. Kimberly White/Getty Images for TechCrunchShoval maintains that OpenWeb board meetings and decisions were conducted improperly and that he still has the right to appoint two new board directors of his choosing.

Persons: Nadav Shoval, Shoval, podcaster Scott Galloway, Tim Harvey, OpenWeb, Ariel Zimmerman, he's, Kimberly White, TechCrunch Shoval, Omer Cygler, — Galloway, Cygler —, Scott Galloway, cohost Kara Swisher, Andrew Harnik, it's Organizations: BI, BlackRock, Insight Partners, Georgian Partners, New York Times, NYU Stern, LinkedIn, Tel, New, Israel Defense Forces, Maglan, TechCrunch, Big Tech, Fox News, CNN, Yahoo, Lion Investments Locations: Shoval, OpenWeb, BlackRock, Tel Aviv, New York, New York City, San Francisco

Camryn Rabideau/Business InsiderSamsung Samsung Bespoke Jet AI Stick Vacuum The Samsung Bespoke Jet AI Cordless Stick has a sleek design with an auto-emptying base that minimizes contact with dust, and its five suction settings make it a powerful cleaning tool for your home. AdvertisementOur review of the Samsung Bespoke Jet AI Stick vacuumTo see how the Samsung Bespoke Jet AI stacks up against other cordless vacuums, I tested it in my home for around a month. AdvertisementCleaning PerformanceThe Bespoke Jet AI has 5 cleaning settings, including an AI mode that adjusts suction based on floor type. AdvertisementBattery LifeThe Samsung Bespoke Jet AI has a countdown timer to set expectations around how long the battery will last. Camryn Rabideau/Business InsiderThe Samsung Bespoke Jet AI Cordless Vacuum has a lot going for it — it's powerful, low-maintenance, and versatile, and more than anything, it's surprisingly attractive for a vacuum.

Persons: it's, Camryn, unboxing, I've, Dyson, Max, There's, Dyson vacuums Organizations: Business, Samsung, Jet, Samsung Samsung, Amazon, Shark, Samsung Care, LG, Samsung Jet

☆ Streaming site Twitch is embroiled in controversy over creators’ content about its handling of Israel and Palestine
▼ + stars: | 2024-12-05 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +9 min

The controversy at Twitch underscores how hard it is to deal with sensitive political topics that have become commonly discussed and shared on social media. Saltman has criticized and targeted Piker, and Saltman told DigiDay his campaign’s group had reached out to over 100 advertisers already. Controversy over streamersComments made at the “Ayyrabs Podcast” panel, hosted by Twitch partner and streamer Frogan at TwitchCon, are at the center of the controversy. “Any and all content on Twitch must abide by our Community Guidelines, and we apply these rules objectively, to all of our creators. When we find content that breaks those rules, we take enforcement action,” the company said in a statement Wednesday.

Persons: JPMorgan Chase, TwitchCon, Twitch, Dan Clancy, ” Hasan Piker, HasanAbi, Joe Rogan, Ritchie Torres, Hasan Piker, Torres, “, Piker, ” Piker, “ I’ve, ”, Dan “, Saltman, Steven “ Destiny ” Bonnell, DigiDay, ” Saltman, Sabra, ” Sabra, Robin L Marshall, Ethan Klein, Frogan, raff, Zack Hoyt, ” Asmongold, I’m, It’s, They’d Organizations: New, New York CNN, JPMorgan, Twitch, Chevron, CNN, Bloomberg, New York, NBC, Wired, Strauss, PepsiCo, Samsung, Capcom, Defamation League, Israel, ADL, YouTube Locations: New York, Gaza, Israel, TwitchCon, San Diego, San Diego , California

☆ 'Last minute spending spree' by Biden, including Rivian loan, to get DOGE scrutiny, says Vivek Ramaswamy
▼ + stars: | 2024-12-04 | by ( Eric Rosenbaum | ) www.cnbc.com time to read: +3 min

As an example, Ramaswamy cited a recent $6.6 billion loan to EV maker Rivian Automotive . "The $6.6 billion loan to Rivian ... Ramaswamy described Biden authorizations in recent days as potentially being equivalent to a "fiduciary breach." "This is fair game for review," Ramaswamy said. But other than Rivian, Ramaswamy said, "three weeks in advance of Jan. 20 when we officially start, I resist the idea of cherry-picking."

Persons: Vivek Ramaswamy isn't, Elon Musk, Trump, Biden, Ramaswamy, EVs, Bernie Moreno Organizations: Government Efficiency, Elon, DOGE, Rivian, CNBC, Summit, U.S . Energy Department, Chrysler, Samsung SDI, GOP, Trump Locations: Washington ,, Indiana

☆ South Korea's short-lived martial law declaration rattled markets. Here's what's next for stocks
▼ + stars: | 2024-12-04 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +5 min

A visitor looks at screens at the Korea Exchange (KRX) headquarters in Seoul, South Korea, on Wednesday, Dec. 4, 2024. The political whiplash thrust South Korea, a key U.S. ally and critical link in international supply chains, into the global spotlight and rattled financial markets. U.S.-listed Korean equities fell sharply on Yoon's initial martial law order, while South Korea's won notched a fresh two-year low against the U.S. dollar on the news. "Martial law hasn't been introduced since 1979 and is seen as deeply negative. Investor sentiment could turn for the betterNot everyone was as downbeat on the market implications of South Korea's unfolding political drama.

Persons: Yoon Suk Yeol, Kim Byung, Yoon, Jonathan Garner, Morgan Stanley, CNBC's, Garner, Rory Green, South Korea's, Trinh Nguyen, hasn't, Nguyen, Thomas Mathews, Yoon Suk, Anthony Wallace Organizations: Korea Exchange, Bloomberg, Getty, South, National Assembly, South Korea's, U.S, Yonhap News Agency, Deutsche Bank, Tech, Samsung, Korea's, LG Energy, Hyundai Motor, TS Lombard, greenback, Bank of, Asia Pacific, Capital Economics, Afp Locations: Seoul, South Korea, North, Korea, U.S, Asia, China, Bank of Korea

☆ South Korea's martial law crisis is making the 'Korea discount' in stocks harder to shake off
▼ + stars: | 2024-12-04 | by ( Huileng Tan | ) www.businessinsider.com time to read: +4 min

AdvertisementSouth Korea's political turmoil is likely to make the 'Korea discount' in stocks harder to shake off. South Korean President Yoon Suk Yeol's short-lived martial law announcement is undoing one of his top goals: boosting the value of stocks. Shares of Samsung Electronics, South Korea's largest company, tumbled as much as 3% before paring losses. AdvertisementThe latest political turmoil in South Korea isn't going to help — particularly since South Korean stocks have already been plagued by the so-called "Korea discount" for decades. The 'Korea discount'The "Korea discount" refers to the phenomenon whereby South Korean shares generally trade at lower valuations than their overseas peers.

Persons: Yoon, Yoon Suk, Yoon —, —, Vishnu Varathan, retards, Hyosung Kwon, Rory Green, GlobalData.TS Lombard, Green, Jun Rong, Kim Jin, wook, China's CSI300 Organizations: South, US, Samsung Electronics, Korea's, Mizuho Securities, Bloomberg Economics, Citi, Reuters, Nikkei Locations: Korea, North Korea, Seoul, South Korea, Asia, Japan, South, GlobalData.TS

☆ South Korea political turmoil: 'The story is really about the Korean won,' says Mizuho Americas
▼ + stars: | 2024-12-04 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSouth Korea political turmoil: 'The story is really about the Korean won,' says Mizuho AmericasFarzin Azarm of Mizuho Americas says a weaker Korean won would impact major companies like SK Hynix and Samsung.

Organizations: Korean, Mizuho, Farzin, SK Hynix, Samsung Locations: Korea, Mizuho Americas, Korean

Victory, but no mandateMr. Yoon, a conservative leader, has never been popular in South Korea. The vote, analysts said, was more a referendum on his liberal predecessor’s failures than an endorsement of Mr. Yoon. “Peace is meaningless unless it is backed by power,” Mr. Yoon said during the campaign. An election fueled by vitriolMr. Yoon’s party had seen the 2024 elections as an opportunity to win back the chamber. “I call on the National Assembly,” he said, “to immediately stop the outrageous behavior that is paralyzing the functioning of the country with impeachments, legislative manipulation and budget manipulation.”Image Police officers by the National Assembly.

Persons: Yoon Suk Yeol, Yoon’s, —, Yoon, Lee Jae, myung, “, ”, Chang W, Lee, hye, Moon Jae, Kim Jong, Mr, Biden, Michael Park, Doctors, Marie Antoinette, Cho Kuk Organizations: South Korea’s, South, New York Times, Samsung, North, The New York Times, Democratic Party, National Assembly, North Korea ramped, North Korean, ., New York, Mr, Police, National Assembly . Credit Locations: Seoul, South Korea, Korea, U.S, Asia, Washington, China, South Korean, North Korea, churchgoers, Japan

☆ Alibaba-backed Xreal launches augmented reality glasses with new chip as Meta rivalry heats up
▼ + stars: | 2024-12-04 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +1 min

The Xreal One Series features the X1 chip which is the company's first self-designed processor for its glasses. Xreal on Wednesday launched its latest generation of augmented reality (AR) glasses as it looks to fend off competition from the likes of Meta and Snap . The company, which is backed by Chinese e-commerce giant Alibaba , is hoping to capitalize on the growing interest in AR glasses. The Xreal One Series features the X1 chip which is the company's first self-designed processor for its glasses and marks a big step for the product's capabilities. "I think that it's the biggest upgrade in Xreal history and probably the biggest upgrade for the entire consumer AR glasses [sector]," Chi Xu, CEO of Xreal, told CNBC in an interview.

Persons: Xreal, Chi Xu, Xu, Meta's Organizations: Wednesday, CNBC, Meta, Qualcomm, Google, Samsung Locations: Chinese

☆ Kospi heavyweight stocks fall in volatile trade amid political chaos
▼ + stars: | 2024-12-04 | by ( Anniek Bao | In | ) www.cnbc.com time to read: +2 min

A man holds the South Korea flag outside the National Assembly in Seoul on December 4, 2024, after President Yoon Suk Yeol declared emergency martial law. South Korean heavyweight stocks fell in a volatile trading session Wednesday amid political upheaval that saw President Yoon Suk Yeol reverse a surprise martial law decree that he imposed hours earlier. The South Korean won depreciated further by 0.05% to trade at 1,415.78 against the greenback. South Korean stocks experienced significant fluctuations in the U.S. overnight. The iShares MSCI South Korea ETF, which tracks more than 90 large and mid-sized companies in South Korea, tumbled as much as 7% to hit a 52-week low before trimming losses to close 1.6% down.

Persons: Yoon Suk Yeol, Yoon Suk, Kim Byung, Yoon, Chong Koon Organizations: South, National Assembly, South Korean, Samsung Electronics, LG Energy, Hyundai Motor, SK Hynix, Naver Corp, Samsung SDI, Korea Gas Corporation, greenback, Standard Chartered Bank, CNBC, Bank of, Korea ETF Locations: South Korea, Seoul, Korean, Korea, Japan, Bank of Korea, U.S

View at Amazon What we like Check mark icon A check mark. View at iRobotThe best Cyber Monday Shark robot vacuum dealsShark Detect Pro Self-Empty Robot Vacuum (RV2820AE) $349.99 $599.99 Save 42% The Shark Detect Pro Self-Empty Robot vacuum has an auto-empty dust bin that holds up to 60 days of debris. View at Amazon What we like Check mark icon A check mark. View at AmazonBest Cyber Monday robot vacuum deals from other brandsLowest Price Dreame L40 Ultra Robot Vacuum $1,049.99 $1,499.99 Save 30% The Dreame L40 Ultra is the best splurge robot vacuum we've tested. View at AmazonCyber Monday robot vacuum deal FAQsWhat is the best robot vacuum to buy?

Persons: Roomba, doesn't, Bissell, We've Organizations: Business, Walmart, Samsung, Bissell, Eureka

☆ Samsung, Jeff Bezos back Nvidia rival Tenstorrent in startup chipmaker's nearly $700 million funding round
▼ + stars: | 2024-12-03 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +3 min

The startup computing company aims to rival Nvidia with more affordable AI chips and processing. The nearly $700 million round attracted investors Samsung, Bezos Expeditions, and LG Electronics. In its latest funding round, Tenstorrent, a startup computing company that builds powerful AI hardware and software to compete with Nvidia, attracted big-name investors — including Jeff Bezos and Samsung. A company statement released Monday said its Series D funding round raised $693 million, valuing the AI chip startup at about $2.6 billion, per Bloomberg. Representatives for Tenstorrent, Samsung, and Bezos Expeditions did not immediately respond to requests for comment from Business Insider.

Persons: Jeff Bezos, Tenstorrent, Keith Witek, Ljubisa Bajic, Ivan Hamer, Milos Trajkovic, Jim Keller, Keller Organizations: Nvidia, Samsung, Bezos Expeditions, LG Electronics, Bloomberg, Samsung Securities, AFW Partners, Hyundai Motor Group, Apple, University of California, Tenstorrent, Business Locations: Seoul, Berkeley

☆ Asian chip stocks mostly rise, shrugging off new U.S. semiconductor export curbs on China
▼ + stars: | 2024-12-03 | by ( Dylan Butts | ) www.cnbc.com time to read: +3 min

Major Asian chip stocks outside of China rose Tuesday, shrugging off a new round of U.S. semiconductor export curbs aimed at impairing Beijing's capability to produce certain high-end chips. Taiwan Semiconductor Manufacturing Company — the world's largest contract chip supplier — saw shares rise 2.4%. The Biden administration's latest chip curbs will also target sales of high-bandwidth memory chips, which could affect the world's two largest memory chip makers — South Korea's SK Hynix and Samsung. Naura Technology Group , Piotech and ACM Research were among the largest Chinese companies to be included in the export controls list. The latest export restrictions include a new "red flag guidance" to address compliance concerns, and several "critical regulatory changes" to enhance the effectiveness of existing controls.

Persons: shrugging, Lasertec, Advantest, Biden, Derrick Irwin, CNBC's, Gina Raimondo, Harris Administration's, TSMC Organizations: Taiwan Semiconductor Manufacturing, Korea's SK Hynix, Samsung, Samsung Electronics, SK Hynix, Allspring Global Investments, The, of Commerce, Naura Technology, Piotech, ACM Research, Semiconductor Manufacturing International Corporation, Hong Kong . U.S, Biden, Huawei Locations: China, Tokyo, Korea's, Hong Kong .

☆ Vivek Ramaswamy says DOGE will 'carefully scrutinize' federal loans to Tesla rivals
▼ + stars: | 2024-12-03 | by ( Tom Carter | ) www.businessinsider.com time to read: +2 min

AdvertisementDOGE is set to scrutinize multibillion-dollar federal loans to two Tesla rivals. Vivek Ramaswamy said the cost-cutting body would "carefully scrutinize" loans to Stellantis and Rivian. Vivek Ramaswamy said DOGE will investigate a federal loan worth about $7.5 billion to a Tesla rival. Vivek Ramaswamy, who was tapped to lead a "Department of Government Efficiency" (DOGE) alongside Tesla CEO Elon Musk, called the Stellantis loan "illegitimate" and said it should be rescinded. Ramaswamy's comments will add to fears that Musk, who runs companies including Tesla and SpaceX, could use DOGE to interfere with rivals and regulators.

Persons: Vivek Ramaswamy, Biden, Elon Musk, Donald Trump's, Musk, Trump, Ramaswamy Organizations: Samsung, Trump administration's, Department of Government, Tesla, Republican, Department of Energy, SpaceX, Dodge, Citroen, Ford, General Motors, DOGE, Business Locations: Indiana, Georgia

Cyber Monday is here and if you’re in need of a new smartwatch or are looking for the perfect tech-friendly gift for anyone in your life, now's your chance: Retailers are currently discounting a handful of Apple models including the Apple Watch SE and the Apple Watch Series 10, which are on sale at their lowest prices ever right now. I found, vetted and wrote about every Apple Watch deal I recommend below. “The Apple Watch SE is an excellent first smartwatch — it was mine,” says NBC Select reporter Harry Rabinowitz. Cyber Monday deals on Apple Watch accessories4.6-star average rating from 2,162 reviews on AmazonLowest price everThis two-in-one portable charger plugs straight into your computer or USB-C power adapter. One side charges your Apple Watch while the other charges your AirPods, and it’s lightweight and compact for portability.

Persons: now's, Siri, ”, Harry Rabinowitz, “, I’m, Anne Klein, Garmin Venu, smartwatch, TikTok Organizations: Apple, Apple Watch, NBC, Apple’s Health, Samsung, Garmin, Facebook, Twitter

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