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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
New York CNN —The owner of “woke-free” online marketplace PublicSquare exploded in value on Tuesday on news that Donald Trump Jr. is joining the tiny company’s board of directors. A person familiar with the matter confirmed to CNN that Trump Jr. is set to join the board of PSQ Holdings, PublicSquare’s parent company. The arrival of Trump Jr. was first reported by Bloomberg News. Malik is the president of 1789 Capital, an anti-ESG venture capital firm that Trump Jr. has reportedly joined. It is also obvious that we must stop buying Chinese drones and Chinese drone parts,” Trump Jr. said in the press release.
Persons: , Donald Trump Jr, Trump, Michael Seifert, PublicSquare, “ America’s, Seifert, Nick Ayers, Mike Pence, Kelly Loeffler, Blake Masters, Omeed Malik, Malik, Steve Sosnick, ” “ Don Jr, ” Sosnick, ” Trump, Donald Trump Organizations: New, New York CNN, CNN, Trump, PSQ Holdings, Trump Jr, Bloomberg News, America, Bank of America, Interactive, Orlando, USA Locations: New York, Palm Beach , Florida, China, Beijing, Russia
However, Queen Camilla was absent from the start of proceedings due to a lingering chest infection contracted last month. On Wednesday, the emir will visit the Royal Military Academy Sandhurst in Berkshire, where he used to study. The Princess of Wales greets dignitaries as she arrives for the ceremonial welcome for the Emir of Qatar at Horse Guards Parade. Queen Camilla was originally set to attend, but pulled out after picking up a chest infection following her overseas visit to Australia and Samoa. Camilla missed the open-air arrival ceremony for the Qatari emir but was expected to attend lunch at the palace as well as the banquet.
Persons: London CNN — Catherine, Princess, Queen Camilla, Kate, William , Prince of, Sheikh Tamim bin Hamad, Khalifa Al Thani, Sheikha Jawaher, James Park, King Charles III, King Charles, Keir Starmer, Wales, Henry Nicholls, Reuters Kate, William, Camilla Organizations: London CNN, Horse Guards, 1st Battalion Welsh Guards, Royal Military Academy Sandhurst, Downing, UK, Reuters, Windsor, CNN’s Royal Locations: Wales, Qatar, United Kingdom, William , Prince of Wales, St, Buckingham Palace, Whitehall, British, Berkshire, Southport, England, London, Australia, Samoa
Axon Enterprise could be set up for continued gains in the months ahead, according to Morgan Stanley. Analyst Meta Marshall upgraded the stock to overweight, and her price target of $700 reflects about 10% upside from Monday's close. This comes as the stock has risen more than 146% year to date. "While the name is expensive and may need to grow into valuation given run YTD, over the long term, we see it as a core holding." "As a result, we are more willing to ascribe value to AI portfolio pulling through other products, which could lead to additional valuation upside (as prelim AI portfolio pull through is likely built into price after recent run)," Marshall continued.
Persons: Morgan Stanley, Meta Marshall, Marshall, FactSet –
CNN —The father of decorated Norwegian distance runner Jakob Ingebrigtsen will stand trial next year after being charged with physical and mental abuse of his son, Norwegian public prosecutors told CNN Sport. “I can confirm that Gjert Ingebrigtsen on November 29th was indicted by our office for physical and mental abuse of his son Jakob Ingebrigtsen,” public prosecutor Birgitte Budal Løvlund told CNN. Jakob Ingebrigtsen is one of the world’s most successful track athletes and a huge star in Norway. From left to right, Henrik, Jakob and Filip Ingebrigtsen celebrate during the 2018 European Championships in Berlin. In a story for Norwegian newspaper VG published last year, Jakob, Henrik and Filip spoke about feeling “discomfort and fear” around their father since they were children.
Persons: Jakob Ingebrigtsen, Gjert Ingebrigtsen, – Henrik, Filip, Jakob –, Ingebrigtsen, Birgitte Budal Løvlund, ” Løvlund, , John Christian Elden, Heidi Reisvang, Elden Advokatfirma, Henrik, Jakob, Filip Ingebrigtsen, Alexander Hassenstein, “ Jakob, Espen Skoland, , Gjert, VG, Per, Gilje Nordås Organizations: CNN, CNN Sport, Paris Olympics, Locations: Norwegian, Sør, Rogaland, Norway, Tokyo, Berlin
Still, Zuckerberg is "keen to play an active role" in Trump's conversations on tech policymaking, a Meta exec told reporters. Elon Musk already has Donald Trump's ear on policy discussions — it sounds like Mark Zuckerberg wants in on that too. However, the Meta CEO and the president-elect have been in contact recently, meeting for dinner last week at Trump's Mar-a-Lago estate. He added that Zuckerberg wants to be involved in Trump's conversations about tech policymaking. In an interview, the Meta CEO said Trump's reaction to being shot at a Pennsylvania rally this summer was "badass."
Persons: Mark Zuckerberg, Donald Trump, Zuckerberg, Meta's Nick Clegg didn't, Elon Musk, Donald Trump's, Nick Clegg, Clegg, Trump Organizations: Trump, Trump's, Facebook Locations: Lago
South Korea's inflation rate climbed in November to 1.5% year on year, from a 45-month low in October, as the country grapples with a weakening Korean won and slowing exports. Last Thursday, South Korea's central bank unexpectedly cut rates by 25 basis points to 3%, marking the first time that the Bank of Korea had enacted two back-to-back cuts since 2009. South Korea narrowly avoided a technical recession in the third quarter, with GDP growing 0.1% quarter on quarter, according to the bank's advance estimates, following a contraction of 0.2% in the second quarter. South Korea's currency has weakened against the greenback over October and November, hitting a two-year high of 1,411.31 as tariff fears from the incoming Trump administration take hold. Data from the World Integrated Trade Solution platform — set up by the World Bank — lists the U.S. as South Korea's second largest trade partner.
Persons: BOK Organizations: Reuters, Bank of, Trump, World, World Bank Locations: Seoul, Korean, Bank of Korea, Korea
Chad Chronister Withdraws as Trump’s Pick to Lead DEA
  + stars: | 2024-12-03 | by ( Alan Feuer | ) www.nytimes.com   time to read: +1 min
Sheriff Chad Chronister, President-elect Donald J. Trump’s pick to lead the Drug Enforcement Administration, withdrew his name from consideration for the office on Tuesday, only three days after he was nominated. Sheriff Chronister, who is in charge of the sheriff’s department in the Florida county that is home to Tampa, announced his withdrawal in a message on social media, saying that as “the gravity of this very important responsibility set in,” he had changed his mind about accepting the nomination. “There is more work to be done for the citizens of Hillsborough County and a lot of initiatives I am committed to fulfilling,” he wrote. “I sincerely appreciate the nomination, outpouring of support by the American people, and look forward to continuing my service as Sheriff of Hillsborough County.”With 48 days still to go before Mr. Trump takes office, Sheriff Chronister is the second of Mr. Trump’s appointments to back out of a nomination. And a handful of other picks are facing potentially rocky paths in the Senate.
Persons: Chad Chronister, Donald J, Sheriff Chronister, , , Trump, Matt Gaetz Organizations: Drug Enforcement Administration, Mr, Sheriff Locations: Florida, Tampa, , Hillsborough County
New York CNN —Intel may have ousted CEO Pat Gelsinger, but he’s leaving the company with a significant payday. He’s set to receive 18 months of his base annual salary of $1.25 million, according to a filing with the Securities and Exchange Commission. Gelsinger also owns roughly 646,000 shares in Intel as of a November regulatory filing. On Monday, Intel announced Gelsinger would resign after his difficult tenure in the company contributed to its stock cratering from missing out on the AI boom that boosted much of its rivals. Once an iconic American tech giant, Gelsinger had to turn around a company that was facing unprecedented competition, production delays and the departure of top talent.
Persons: Pat Gelsinger, He’s, He’ll, that’s, Gelsinger, CNN’s Clare Duffy, David Goldman Organizations: New, New York CNN, Intel, Securities and Exchange Commission, VMWare Locations: New York
She feeds her two kids dinner as soon as they get home from school. AdvertisementBefore we started early dinners, my kids would go get snacks like granola bars and chips, which are all empty calories. They were more willing to eat what was in front of them, too, so I could serve them more nutrient-rich foods. Related storiesIt also helps with behavior, digestion, and sleepAfter they eat a big meal at 4:30 p.m., they are in better moods and can focus. I keep dinner simpleTo transition you to an earlier meal time, I suggest parents keep it simple and keep trying.
Persons: Olivia Napoli Organizations: Livwell Nutrition, Wellness Locations: Massachusetts
J.P. Morgan Private Bank is out with its list of recommended holiday books and experiences for wealthy clients, and this year's offerings include a George Clooney Broadway debut, an expanded art museum in São Paulo, Brazil, a wellness center in Manhattan and books about leadership and artificial intelligence. The "NextList2025," picking the most buzz-worthy books and experiences of the holiday season, includes four museums, two wineries, four Broadway shows and 10 books. To build the list, the bank received more than 1,000 submissions from client advisors based on their clients' tastes and interests. A review committee then researches the submissions and creates the list (similar to its popular J.P. Morgan Private Bank Summer Reading List). While the list is released by the Private Bank, it's used across J.P. Morgan divisions with wealthy and affluent clients.
Persons: George Clooney, it's Organizations: Morgan Private Bank, George Clooney Broadway, Broadway, Private Bank, Morgan Locations: São Paulo, Brazil, Manhattan
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch Tuesday's full episode of the Halftime Report — December 3, 2024"Fast Money Halftime Report" is on the front lines of CNBC's market coverage. Host CNBC's Scott Wapner and the Street's top investors get to the heart of the action as it's happening and help set the agenda for the rest of the day. Watch today's full episode on CNBC PRO.
Persons: CNBC's Scott Wapner Organizations: CNBC PRO
Mental health matters just as much as physical health, and boys should know it needs to be a priority. Nutrition and exerciseDuring puberty, boys’ bodies grow rapidly, and they need the right fuel to keep up. Boys need to understand that what they see online isn’t always real. Boys need to know that it’s OK to ask questions — whether it’s about feelings, their changing bodies or anything else. By creating an environment in which boys feel comfortable talking about their health, we’re giving them the tools they need to navigate a time of massive change.
Persons: Jamin, I’ve, , don’t, haven’t, it’s, they’re, Organizations: Orlando Health, University of Central Florida’s College of Medicine, CNN, Popular Media Locations: United States
AdvertisementSpaceX is reportedly in talks to sell shares, a deal that would boost its valuation to around $350 billion. SpaceX is currently in talks to sell insider shares in a deal that would value the private company at around $350 billion, Bloomberg reported Monday, citing sources familiar with the potential sales. If the $350 billion valuation is realized, it would be double what the company was reportedly selling shares at one year ago. In December 2023, Bloomberg reported SpaceX shares were being sold at a $175 billion valuation. The outlet previously reported SpaceX shares were being sold at a $210 billion valuation in June and at $255 billion just last month.
Persons: Elon, Donald Trump, Trump Organizations: SpaceX, Elon Musk's, Bloomberg, Business, Department of Government Efficiency
They drank salted maple espresso martinis and ate snow crab, Wagyu short rib and passion fruit bonbons. They watched Kim Kardashian pose on the red carpet in a plunging white neckline. Leonardo DiCaprio charmed them as their host, and Charli XCX pumped them up with her hit song “360.”But these were not attendees at some glamorous awards show. For its own annual fund-raising event, the New York Philharmonic served Skuna Bay salmon and beef tenderloin. The tables were set with Wedgewood blue linens and tall arrangements of hydrangeas and orchids, surrounded by silver votive candles with sprigs of blue delphiniums.
Persons: Kim Kardashian, Leonardo DiCaprio Organizations: Los Angeles County Museum of Art, New York Philharmonic
A new Arctic blast is set to dump more snow onto the Great Lakes and the Northeast, as winter weather caused transport chaos and left thousands stranded. Lake-effect snow is still affecting areas downwind of Lake Erie after several punishing days of winter weather and is expected to last through Wednesday. Some 5 million people are under winter weather and lake-effect snow warnings across the Great Lakes for Tuesday — including South Bend, Indiana; Muskegon, Michigan; Cleveland; Erie, Pennsylvania, and Syracuse, New York. By Wednesday, the clipper weather system should bring snow to the interior Northeast and New England, while intensifying snowfall in areas downwind of the Great Lakes. In Pennsylvania, homes and vehicles were buried in more than 5 feet of snow, with chaos on the roads.
Persons: Michelle Grossman Organizations: United, National Weather Service, NBC, Police, Michigan State Police Locations: Erie , Pennsylvania, Lake Erie, Canada, Great, United States, Quebec, Michigan, Lakes, South Bend , Indiana, Muskegon , Michigan, Cleveland, Syracuse , New York, New England, Ohio, In Pennsylvania, Hartford, Van Buren County
CNN —The Denver Broncos defense scored two interception touchdowns to defeat the Browns 41-32 on Monday to spoil a record-setting night for Cleveland’s Jameis Winston and Jerry Jeudy. Trailing 14-10 in the second quarter, the Browns offense was marching down the field, getting to within field goal range. Winston quickly made up for the interception, guiding the Browns offense 70 yards down the field, ending with a four-yard touchdown pass to tight end David Njoku. Winston threw four touchdowns and three interceptions in the Browns' loss to the Broncos. Nix then led the gritty Broncos offense into field goal range, setting up a 27-yarder by kicker Dustin Hopkins and the 34-32 advantage.
Persons: Cleveland’s Jameis Winston, Jerry Jeudy, Winston, Jeudy, Nik Bonitto, David Njoku, ” Winston, I’m, Cooper Neill, , Bo Nix, Nix, Marvin Mims Jr, Cleveland, Nick Chubb, Dustin Hopkins, McMillian, Sean Payton, Deshaun Watson Organizations: CNN, The Denver Broncos, Browns, Broncos, Bronco, ” Broncos Locations:
AdvertisementElon Musk filed a lawsuit against OpenAI in February, only to briefly withdraw it in June. Elon Musk briefly withdrew his lawsuit against OpenAI in June after he had a conversation with Sam Altman in March, The Wall Street Journal reported on Sunday. Last month, Musk amended his lawsuit to include Microsoft as a defendant and accused Microsoft and OpenAI of forming a monopoly. In addition to suing Altman, Musk recently gave him a nickname: "Swindly Sam." AdvertisementRepresentatives for Altman at OpenAI and Musk did not respond to requests for comment from BI.
Persons: Elon Musk, Musk, Altman, Sam, Sam Altman, Musk's, OpenAI, David Hoffman, BI's Grace Kay, Tesla, xAI Organizations: OpenAI, Street, Microsoft, SpaceX, University of Pennsylvania, Twitter Locations: Big Sky , Montana, That's, OpenAI
AdvertisementLarry Ellison plans to invest up to $165 million into research at the University of Oxford. The Ellison Institute of Technology is opening a campus in Oxford in 2027. Larry Ellison is betting big on research and development in the UK by investing at least $127 million through his technology institute to help turn scientific discoveries at the University of Oxford into products. "This long-term, strategic partnership with the University of Oxford is at the heart of delivering on that goal," he added. The Oracle cofounder, now the world's fourth richest person, founded The Ellison Institute of Technology as a research and development center for healthcare.
Persons: Larry Ellison, Ellison, Irene Tracey, Sir John Bell, EIT, Bell, Lord Patrick Vallance, David Organizations: University of Oxford, Ellison Institute of Technology, Oracle, supercomputing, Paramount Locations: Oxford, EIT Oxford
For roughly a decade after that first auction, he continued to broker deals the conventional way — for American sellers, Aussie-style auctions were a tough sell. Real-estate auctions are a time-honored tradition in Australia, dating back more than 200 years to its days as a British colony. But in times of healthy demand for homes, auctions can deliver benefits for sellers looking to ride out the frenzy. "I don't think the American consumer is ready for auctions yet," says Rob Hahn, the CEO of Decentre Labs, a company he started in 2022 to bring online real-estate auctions to the masses. The biggest beneficiaries, Duby tells me, may just be real-estate agents: When buyers and sellers are shuffled through this murky process, they'll look for a professional guide.
Persons: Evan Duby, Duby, Sellers, haven't, Kenneth Lusht, they've, Tim Quirk, Quirk, — Quirk, Mike Russo, , Rob Hahn, Hahn Organizations: nab, eBay, Pennsylvania State University, Auction.com, Decentre Labs Locations: Brooklyn, Australia, Melbourne, British, New South Wales, Victoria, Massachusetts, Bethesda , Maryland, American, States
Now it's worth much less, and it has been scrambling to solve a looming $124 million debt problem. That seems likely to come to a head this week, and may require the company to sell assets like "Hot Ones," its interview show. That's because today is the day that BuzzFeed could be on the hook for $123.5 million in debt and interest payments — money that it doesn't appear to have. AdvertisementIt is possible that BuzzFeed has a plan to deal with debt — by selling off assets, or renegotiating a deal with its creditors, or both. It's also worth noting that BuzzFeed doesn't necessarily have to pony up all $124 million today.
Persons: BuzzFeed, I've, Vivek Ramaswamy, cochair, Trump, Ramaswamy, Jonah Peretti, Peretti, It's, Organizations: Bloomberg, Netflix, News, Huffington Locations: BuzzFeed
After a year of impressive gains, CNBC's Jim Cramer reviewed what could make the market falter — namely investors' high hopes for rate cuts from the Federal Reserve. "That's why I'm flagging my biggest worry — that the market might be getting too aggressive with its expectations for rate cuts over the next year." The central bank has cut rates twice this year — by a hefty 50 basis points in September and then by 25 basis points last month. Cramer said he wouldn't be surprised if the Fed decides to "slow down with the rate cuts" because the economy seems solid. "The market's betting on a December rate cut," he said.
Persons: CNBC's Jim Cramer, we've, Cramer, wouldn't, Donald Trump's Organizations: Federal Reserve, Fed
But sometimes, you simply can't give your child exactly what they want in a given moment — and that's a good thing, according to a child psychologist. Parents who say "yes" to their kids too often— whether reflexively or as an attempt to avoid tantrums — actually do their children a disservice in the long run, Kennedy said. By giving in too easily, you can inadvertently damage necessary boundaries that help children learn appropriate, respectful behavior, she added. "In fact, I would argue, it almost becomes dangerous for our kids to conflate being valued with getting what they want." DON'T MISS: The ultimate guide to earning passive income onlineThe discomfort of being told "no" helps children learn to cope with disappointment and develop patience, Kennedy said.
Persons: Becky Kennedy, , Kennedy Organizations: Columbia University, CNBC
Being open to living apart also widens the dating pool, particularly for older women. But for older couples, there's another appealing relationship setup: living apart, together — also known as "LAT." Ury said living apart, together has a ton of perks — particularly for older daters. AdvertisementBut for older daters who aren't looking to raise kids together, ticking off all those boxes is often less important. Living apart allows each person to live in their own world — and that can be a boon for a relationship.
Persons: there's, , Logan Ury, Ury Organizations: Lancaster University, University College London Locations: LAT
As a longtime champion of the company's chip manufacturing efforts, he was reluctant to split it. Amid the broader CEO search, Intel also elevated executive Michelle Johnston Holthaus to CEO of Intel Products and the company's co-CEO. Intel has also outsourced some chip manufacturing to rival TSMC in recent years — which sends a negative signal to the market about its own fabs. AdvertisementIntel is getting CHIPS Act fundingOwnership of the fabs and CHIPS Act funding are highly intertwined. Still, the CHIPS Act remains key to Intel's future.
Persons: Intel's, they're, Pat Gelsinger, Michelle Johnston Holthaus, Analysts, Bernstein, TSMC, Dan Newman, Logan Purk, Edward Jones, Newman Organizations: US, Intel, Bloomberg, Intel Products, Nvidia, AMD, Foundry, Analysts
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