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Elon Musk’s artificial intelligence company xAI has raised $15 billion from investors, a person familiar with the matter tells CNBC’s David Faber.Musk later called the news “false” in a post on his social media platform X.The funding adds another $5 billion to a $10 billion round that CNBC reported in September that valued the startup at $200 billion. Officials told CNBC that the bulk of the money will go toward funding graphics processing equipment that will support large-scale language models.Artificial intelligence startups have reached sky-high valuations in recent months, raising huge sums of money to fuel seemingly endless demand for…
Kourtney Kardashian shares never-before-seen photos with newborn baby RockyKourtney Kardashian’s love for Travis Barker is on fire. The Keeping Up With the Kardashians star got an early start by celebrating her husband’s milestone 50th birthday with a lavish candlelit dinner. In an Instagram Story on Nov. 12, Kourtney showed off her festive decorations as she panned the camera past candles lighting up the walkway to her home. Along with this celebratory moment, Kourtney wrote, “My husband is turning 50.” The Poosh founder shared how she celebrated the Blink-182 drummer’s birthday with a photo of hundreds of white balloons with black…
Federal student loan borrowers can have their remaining debt forgiven after making payments for 20 or 25 years under an income-driven repayment plan. But as of Jan. 1, 2026, advocates warn that debt forgiveness could come with a huge tax liability, potentially eroding many of the benefits the forgiveness would bring to millions of borrowers.Since the passage of the American Rescue Plan in 2021, student debt forgiveness has been exempt from federal income taxes. However, this provision expires at the end of 2025, meaning that absent regulatory changes, borrowers who receive loan forgiveness through the IDR program will be liable…
Google is updating NotebookLM, its AI note-taking and research assistant, with new tools to help users simplify complex research, as well as support for additional file types. The service deploys Deep Research, a tool that automates and simplifies complex online research. Google says the tool works like a full-time researcher by creating detailed reports and recommending relevant articles, papers, and websites. Deep Research will take your questions, create a research plan, and browse your website on your behalf. After a few minutes, you’ll see a report based on the source that you can add directly to your notebook. You can…
verizon Chairman Mark Bertolini said Thursday of the company’s new and outgoing CEO: paypal Director Dan Schulman is working on a comeback. verizon The company has rebounded from stock losses under former CEO Hans Vestberg.Mr. Bertolini also oscar health The CEO, who was named Verizon’s chairman last month, told Becky Quick on CNBC’s “Squawk Box” that the company needs to “do something different” with the leadership change.”Verizon has gone from number one to number three in market capitalization, bond rating and market share. And the network is also not as differentiated as it used to be, mainly because everyone is…
Kazakhstan’s lower house of parliament pushed forward an anti-LGBTQ bill on Wednesday that appears to mirror Russian law, as the country’s president met with Russian leader Vladimir Putin in Moscow. The parliament, known as the Majlis, said in a press statement that the new measures will ban “the dissemination of information containing propaganda of pedophilia and non-traditional sexual orientation” in public spaces through the media and online. The proposed ban aims to “protect children from content that is harmful to their health and development,” the statement said. In order for this set of bills to become law, it must be…
Jen Tran & Devin StraderStatus: SplitOn the season 21 finale of The Bachelorette, it seemed like Bachelor alum Jen Tran finally had her happy ending with finalist Devin Strader. But Jen revealed on After the Final Rose in September 2024 that Devin snubbed her as soon as the cameras stopped. “He would boldly declare his love and then all of a sudden the next day he wouldn’t say anything and he would deny that he was in love,” Jen told host Jesse Palmer on the Sept. 3 episode. “All the promises he made to me, all the love he wanted…
Check out the companies making the biggest moves at noon: Alkermes — The biotech company fell 9% as traders weighed Phase 2 trial results for the company’s ALKS 2680 drug, aimed at treating narcolepsy. The company plans to advance the drug into Phase 3 trials, but higher dose ranges or split dosing regimens may be needed to achieve efficacy in some patients. Bank stocks — Bank stocks rose broadly as Treasury yields fell, pushing the Dow Jones Industrial Average to an all-time high. Goldman Sachs and JPMorgan Chase rose 3.8% and 1%, respectively. Financial Select Sector SPDR Fund (XLF) rose…
Emilia Manevska | Moments | Getty ImagesArtificial intelligence startup Cursor announced Thursday that it has closed a $2.3 billion funding round at a post-money valuation of $29.3 billion, nearly triple its valuation at its previous raise in June.At 4:30 PM ET, Cursor CEO Michael Truell joins “Closing Bell: Overtime” to discuss the funding round. Watch in real time on CNBC+ or CNBC Pro streams.Cursor has built a popular AI coding tool that helps software developers generate, edit, and review code. Our parent company, Anysphere, is an applied research institute founded in 2022.Cursor is one of the few AI startups valued…
Other reviews of Cliganic Organic Jojoba Oil: “On my second or third time using this. This is great for nails, hands, feet, legs, arms, neck, chest, and face. It softens the skin, reduces the appearance of wrinkles, and gives a healthy glow to the face. As for my legs and arms, they haven’t looked this good in decades. The high-quality oil is unscented and absorbs fairly quickly.” shared a reviewer. “I’m so glad I found this! I switched my skin care to this new oil. It has saved 90% of my face from breakouts and my acne scars have healed…