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Amid continued volatility in the tech sector, CNBC’s Jim Cramer encouraged investors to buy stocks in sectors that perform well when the Federal Reserve cuts interest rates.”I’m not advocating a total abandonment of the best sector in history. That’s not the case at all,” he said. “But what I am saying is that there is fierce competition with blazing fires and exploding claymores everywhere, and it shows no signs of slowing down.”While he stressed that he is not against the tech industry, he said the field is full of “battlegrounds” where big companies vie for supremacy. He pointed to volatility…

Aaru, a startup that uses AI to provide near-instantaneous customer research by simulating user behavior, has raised a Series A led by Redpoint Ventures, according to three people familiar with the deal. The funding round included various evaluation stages, the people said. Some of the shares were acquired at a valuation of $1 billion, but lower valuations from other investors brought the overall valuation below $1 billion, according to people familiar with the deal. While multiple valuations within the same round are rare in venture capital, investors say it’s becoming increasingly common for desirable AI startups in the current market.…

The Google LLC logo seen at Google Store Chelsea in Manhattan, New York City, USA on November 17, 2021. Andrew Kelly ReuterA U.S. judge on Friday added new details to remedies resulting from the following events: Google The fallout the company faces after losing last year in an antitrust case has been finalized.In mid-2024, Google was found to have an illegal monopoly in its core market for internet search, and in September of this year, U.S. District Judge Amit Mehta ruled against the most serious consequences proposed by the Justice Department, including forcing the sale of Google’s Chrome browser.However, Google…

When climatologist Fredrin Tangan looked at a computer weather map and saw three tropical cyclones forming simultaneously across Asia in late November, he first thought of the 2004 disaster movie “The Day After Tomorrow.” This movie goes beyond the realm of reality as three massive storms plunge the Earth into a new ice age. But there was something about the formation of the weather system swirling on screen that made Tangan stand up. They weren’t the strongest storms of the year. But they were “not normal,” said Tangan, professor emeritus at the National University of Malaysia. One of them was…

Emilia Clarke’s brain aneurysmEmilia Clarke, who filmed battle scenes for Game of Thrones, published an essay in The New Yorker in 2019 titled “A Battle for My Life.”After suffering a severe headache at the gym, the actress writes, “I made it to the bathroom and fell to my knees feeling very, very sick.” “During that time, the pain was getting worse with shooting, stabbing, squeezing pain. On some level, I knew what was happening: my brain was damaged.”She was taken to the hospital for a brain scan.”The diagnosis was swift and ominous: a subarachnoid hemorrhage (SAH) is a life-threatening type…

Wall Street is concerned that advances in artificial intelligence will hurt enterprise software companies, so sales force CEO Marc Benioff told CNBC’s Jim Cramer that large language models are “just a commodity feature” that enhances the company’s products.”All of these large language models are the same. We just want the lowest-cost model, and we plug it in,” Benioff told Kramer. “We have all the customer data. We have killer apps. They are not products.”Large-scale language models (LLMs) are data-trained AI models that have a variety of functions such as data analysis, summarization, and chat bot services. The major hyperscalers, viz.…

Yoodli, an AI-powered communication training startup that builds technology aimed at assisting humans rather than replacing them with machines, has reached a valuation of more than $300 million, more than triple its level six months ago. This valuation increase follows Yoodli’s $40 million Series B round led by WestBridge Capital with participation from Neotribe and Madrona. This follows a $13.7 million Series A round announced in May, bringing the startup’s total funding to nearly $60 million. As AI tools proliferate in the workplace and fears of automation grow, Yoodli is repositioning itself. The four-year-old Seattle-based startup uses AI to run…

Elon Musk’s SpaceX has begun a secondary stock sale that could value the company up to $800 billion, the Wall Street Journal reported Friday.SpaceX has also told some investors that it will consider going public, possibly around the end of next year, the report said. A higher price would make Mr. Musk’s aerospace and defense contractor more valuable than ChatGPT maker OpenAI, which completed a stock sale in October at a valuation of $500 billion. SpaceX is investing heavily in reusable rockets, launch facilities and satellites, while competing for government contracts with upstart space companies such as Jeff Bezos’ Blue…

Emily in Paris releases first look for season 5 following Camille Razat’s sudden exitJeremy O. Harris is facing a new legal battle. The Emily in Paris actor, who plays Gregory Elliott Dupre in the Netflix series, was arrested at a Japanese airport last month on suspicion of trying to smuggle illegal drugs into Japan, local authorities confirmed to Reuters on December 4. Tomigusuku Police, which oversees the airport, told the New York Times that Harris flew into Japan’s Okinawa island on Nov. 16 and has been detained since customs officials found ecstasy in his bag. Officials said 780 milligrams of…

Stocks @ Night is a daily newsletter delivered after hours, giving you the first information about tomorrow and the last information about today. Sign up for free to receive it straight to your inbox. Here’s what CNBC television producers were looking at Thursday and what they’re looking at for Friday’s session. Data After a week full of jobs data, data on inflation will be released on Thursday morning. PCE will appear on “Squawk on the Street” with Sara Eisen, Carl Quintanilla and David Faber at 10 a.m. ET. Experts expect personal consumption spending to increase by 0.3%. Consumer spending and…