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WASHINGTON (AP) — Former Rep. Matt Gaetz said Friday that he will not be returning to Congress after withdrawing his name from consideration to be attorney general under President-elect Donald Trump amid growing allegations of sexual misconduct. “I’m still going to be in the fight, but it’s going to be from a new perch. I do not intend to join the 119th Congress,” Gaetz told conservative commentator Charlie Kirk, adding that he has “some other goals in life that I’m eager to pursue with my wife and my family.” The announcement comes a day after Gaetz, a Florida Republican, stepped aside from the Cabinet nomination process amid growing fallout from federal and House Ethics investigations that cast doubt on his ability to be confirmed as the nation’s chief federal law enforcement officer. The 42-year-old has vehemently denied the allegations against him. Gaetz's nomination as attorney general had stunned many career lawyers inside the Justice Department, but reflected Trump's desire to place a loyalist in a department he has marked for retribution following the criminal cases against him. Hours after Gaetz withdrew, Trump nominated Pam Bondi, the former Florida attorney general, who would come to the job with years of legal work under her belt and that other trait Trump prizes above all: loyalty. It's unclear what's next for Gaetz, who is no longer a member of the House. He surprised colleagues by resigning from Congress the same day that Trump nominated him for attorney general. Some speculated he could still be sworn into office for another two-year term on Jan. 3, given that he had just won reelection earlier this month. But Gaetz, who has been in state and national politics for 14 years, said he's done with Congress. “I think that eight years is probably enough time in the United States Congress," he said.

It seems like San Francisco 49ers wide receiver Deebo Samuel would like to get the ball more heading into the stretch run of the 2024 season. While the 49ers defeated the Chicago Bears 38-13 in Sunday's NFC matchup, they have still lost three of their last four and are on the outside of the current playoff picture. Samuel took to social media Monday and pushed back at the notion he is struggling with the team, suggesting instead he just needs more opportunities: The South Carolina product finished Sunday's game with two catches for 22 yards and five carries for 13 yards. It was the most carries he has seen since a Week 1 win over the New York Jets, although injuries to running backs Christian McCaffrey and Jordan Mason left the team shorthanded at the position against the Bears. Still, he didn't make the most of those five runs with 2.6 yards per carry, which was more notable since he wasn't much of a factor in the passing game for the fourth straight outing. Here is a look at Samuel's last four games as a pass-catcher: A Nov. 10 win over the Tampa Bay Buccaneers was the last time Samuel looked like his normal self as a receiver with five catches for 62 yards. And he has just one touchdown catch in the entire season. Opposing defenses are surely making it a point to focus additional attention on Samuel with McCaffrey and Brandon Aiyuk sidelined with injuries. That has made life more difficult for the veteran, who is used to impacting games in a variety of ways with his speed and physicality. The 2021 Pro Bowler has three seasons with more than 800 receiving yards, including that 2021 campaign when he posted 1,405. However, he will need to quickly turn things around to reach that mark this year with 553 receiving yards and four games remaining. Perhaps getting more chances will help him do just that, as he has seen more than seven targets just once all season. That came in Week 2 against the Minnesota Vikings when he posted a season-high 110 receiving yards on 10 targets. Don't be surprised if Samuel sees plenty of chances in Thursday's NFC West showdown against the Los Angeles Rams after publicly calling for the ball.

On October 21, a new ticker opened to Nasdaq traders: NBIS , a truncation of Nebius , a fledgling player in the AI cloud infrastructure space. Casual observers could be forgiven for wondering where this company had come from, as there had been little in the way of the usual fanfare that surrounds most startups’ journey to IPO — no roadshows; no horn tootin’; no confetti-laden ceremonies; nothing, not a peep. That’s because Nebius is an unusual beast: a public company, but a startup in just about every sense of the word. Nebius has actually been public for 13 years, floating in May 2011 as Yandex N.V. — the Dutch holding company of Russian internet giant Yandex (often dubbed the “Google of Russia”). At the tail end of 2021, Yandex N.V. hit a peak valuation of $31 billion, but in the wake of Russia’s invasion of Ukraine in early 2022, everything changed. Nasdaq halted trading in Yandex N.V. shares that February due to sanctions imposed on Russian-affiliated companies, and a year later Nasdaq said it would delist Yandex altogether . But Yandex successfully appealed on the basis that it was restructuring — a process that would take an additional 16 months to fully complete. Part of this included offloading all its Russian assets , which was where most of the real business value lay. What remained under Yandex N.V.’s ownership was a random assortment of infrastructure and business units that just happened to be located outside of Russia. This divestment concluded in July , with Yandex N.V. changing its name to Nebius AI , an AI cloud platform replete with its own Finnish data center. The new business was to be spearheaded by Arkady Volozh (pictured above), the Russian Yandex co-founder and former CEO who was removed from a European sanctions list in March after he publicly condemned Russia’s assault on Ukraine. The core Nebius business sells GPUs (graphical processing units) “as-a-service” to companies needing “compute” — that is, processing power and resources to carry out computational tasks such as running algorithms and executing machine learning models. Last month, the company debuted a holistic cloud computing platform designed for the “full machine learning lifecycle,” spanning data processing, training, fine-tuning, and inference. With the restructuring complete, and Volozh free to run the show from the company’s new HQ in the Netherlands, Nasdaq green-lighted Nebius to recommence trading last month. The situation was pretty much unprecedented, though: a public company whose trading was put on pause, only to resume nearly three years later under a new name and entirely different business proposition? In many ways, it would’ve made sense to have delisted and grown with private capital, the good old-fashioned startup way. But as Volozh explained to TechCrunch earlier this year, building infrastructure is capital intensive, and the easiest and cheapest way to access capital in what is currently one of the hottest spaces in tech is via the public markets. But there was never any certainty on how the public markets would respond to this strange new entity. Nobody really knew what to expect. A month in, and Nebius has enjoyed a somewhat tepid re-entry to public life; it’s significantly down on its $18 billion market cap before trading halted in February 2022, which was to be expected, and it has since yo-yoed between $3.5 billion and $4.75 billion, with some signs that it is starting to settle. “We couldn’t predict what would happen, it could be $5 per share, or it could be $50 per share — this has never happened before, nobody really knows how to treat it,” Volozh told TechCrunch in an interview in London this month. “It’s still volatile, but it’s stabilizing, and the good thing is that it has stabilized above the cost of the assets, which means that the market believes we will be able to build a business here. How big a business, we’ll see.” Nebius competes with all the usual hyperscaler cloud behemoths, though arguably its more direct rivals are other alternative cloud startups such as CoreWeave, which has raised a ton of cash this year . With CoreWeave in the midst of expanding from the U.S. into Europe , Nebius is moving in the other direction, announcing plans this week to extend its presence to the U.S. with a new GPU cluster in Kansas City (on the Missouri side) scheduled to go live in early 2025. The company has also opened “customer hubs” in San Francisco and Dallas, with plans for a third in New York by the end of the year. But while the cloud infrastructure business is its bread and butter (accounting for two-thirds of its revenue, as per its first earnings report last month), there’s a triumvirate of additional businesses under the Nebius Group umbrella. This includes an autonomous vehicle company called Avride , based in Texas; a Swiss-based generative AI and LLM company called Toloka ; and edtech platform TripleTen , located in Wyoming. Drive time Avride descends from the international division of Yandex’s self-driving unit, which spun out of a joint venture with Uber in 2020. While Alphabet’s Waymo is now leading the way in the burgeoning robotaxi realm, recently securing a $45 billion valuation , Yandex was an early trailblazer in Russia , with Volozh noting that the company had been on the cusp of beating Waymo to launch the first fully autonomous cars on public roads, before the war put the kibosh on plans. “They [Yandex] were set to launch the first taxis on public roads with nobody at the wheel, in a real city (Moscow), several months before Waymo launched in San Francisco,” Volozh said. “Journalists were invited to a big event in March, ’22, but that launch never happened. People had to pack all their things and go in a matter of weeks.” The team that had been working on Yandex’s autonomous vehicle project transitioned over to Avride, a new brand it launched last year, eventually moving to Austin via Tel Aviv. “This is the same 250 people,” Volozh added. Last month, Avride announced a significant multiyear partnership with Uber, which saw Avride’s sidewalk food delivery robots land on Uber Eats starting in Austin , though the partnership will also bring Avride’s self-driving cars to the Uber platform later (Uber has signed other similar deals, including with Google’s sibling company Waymo ). While Yandex had sufficiently deep pockets to fund autonomous vehicle projects, Nebius doesn’t — it has a couple billion dollars in the bank from its Russian divestment, and it’s laser-focused on building its cloud infrastructure business. And this is why Volozh says that Avride will need to find additional partners in the longer term. “They have enough budget for this year and next year,” Volozh said. “We’re financing them, but they need to use this time to find new partners, because it’s very capital intensive to build fleets. It needs real investment.” Obvious partners might include car manufacturers, but it could be any entity that’s ready to invest billions, with Volozh adding that it would be willing to give up control in Avride if needed. Toloka, meanwhile, is a platform that specializes in data labeling and quality control for large language models (LLMs) and related AI systems — it’s much like Scale AI , which was most recently valued at more than $13 billion . Toloka has clear synergies with Nebius’s core infrastructure business, but the customers aren’t the same. Nebius works largely with generative AI startups seeking compute, whereas Toloka works with bigger companies such as Amazon and Hugging Face that want to improve their LLMs. Both Toloka and Avride could eventually follow a similar path to that of ClickHouse , creators of the eponymous open source database management system that spun out of Yandex in 2021 . While the commercial ClickHouse entity secured big-name backers such as Index Ventures, Benchmark Capital, and Coatue, Nebius has retained a minority stake. “ClickHouse became very popular, and we were approached by investment funds to create a business around the open source project. Now they have revenues, and they’re growing,” Volozh said. TripleTen, on the other hand, is something of an outlier in the Nebius group of businesses, in that it’s pretty much a direct-to-consumer product that offers online coding bootcamps for those wishing to transition into the technology sector. One idea Nebius is dabbling with is to position itself as a provider of a “full stack of services” to AI companies, from data centers and GPU infrastructure, to education. And this highlights the situation that Nebius has found itself in: It’s drawing lines between the different entities it has been left with, and trying to make it all make sense. For now, TripleTen is breaking even, and Volozh acknowledges that it’s not going to be the big revenue driver that its infrastructure business is — but it has the potential to provide meaningful income and will remain part of the Nebius Group. “Nebius is a billion-dollar scale business,” Volozh said. “TripleTen — it’s a nice model, but it’s maybe a tens or hundreds-of-millions of dollars business. It’s not a billion-dollar business.” Parallel compute As for the core Nebius AI cloud business, the company already has its fully owned data center facility in Finland, with plans to triple its capacity to 75 megawatts. In tandem, the company is building out additional sites at co-location facilities, a move designed to not only increase its capacity, but also to reduce latency by bringing the processing closer to its customers. In addition to the Kansas location announced this week, Nebius had already unveiled a new GPU cluster in Paris that goes online this month. Further down the line, Nebius plans to build more of its own data centers, both in Europe and the U.S., but given the time it takes, it’s quicker to plug the gap with co-location facilities, which is why it’s forging ahead with a hybrid approach. “It’s more efficient if we build it ourselves, but to build means a year and a half or two years — it’s a long process, and we can’t wait,” Volozh said. “That’s why we have these co-locations in Paris and Kansas City.”Nvidia supplier Ibiden weighs faster expansion to meet AI demandFinancial innovation is just as much to blame as the technological sort S INCE AMERICA elected Donald Trump as president on November 5th, the value of its listed firms has increased by $3.7trn, more than the entire worth of London’s stockmarket. The S & P 500 is up by nearly 30% this year. At 23 times its forward earnings, the index has rarely been so highly rated by investors. Nor, in recent years, have its constituents been able to borrow more cheaply. The cost for risky companies of raising funds is at its lowest relative to Treasury bonds since the spring of 2007. Everywhere you look, there are signs of exuberance. This month the price of bitcoin reached $100,000. And all this is happening despite positive real interest rates. Explore more Discover more NASA is an obvious target for Elon Musk’s axe Its Moon programme is a mess. But DOGE is likely to struggle to cut it to size America’s gambling boom should be celebrated, not feared The gambling frenzy is mostly about people being free to enjoy themselves France steps into deep trouble It has no government and no budget, and is politically gridlocked Yoon Suk Yeol of South Korea should resign, or be impeached His coup attempt was foiled. But grave tests still remain for the country Joe Biden abused a medieval power to pardon his son The president’s reversal is understandable, humane and wrong Lessons from the failure of Northvolt Governments blew billions on a battery champion. Time to welcome foreign investors insteadWith the rise of the internet and smartphones, various dangers have emerged alongside the conveniences these technologies offer. While smartphones have simplified many tasks, they've also provided scammers and cyber criminals with new avenues to deceive people. In light of this, the Telecom Regulatory Authority of India (TRAI) has implemented several measures recently to safeguard individuals against scams and online fraud. One significant step TRAI has taken is to instruct telecom companies to enforce message traceability. This major decision was first announced in August, focusing on commercial messages and OTPs (One-Time Passwords). Initially, telecom companies were given a deadline of October 31 to enact these traceability measures, but this deadline was extended to November 31 following requests from major players like Jio, Airtel, VI, and BSNL. As the new deadline approaches, these companies must comply with TRAI's rules on tracking commercial and OTP messages. It's important to note that if Jio, Airtel, VI, and BSNL start implementing these traceability measures on December 1, OTP messages may experience delays. Consequently, if you are engaged in activities like banking or booking reservations, you could find yourself waiting longer for your OTP. TRAI's initiative stems from the realisation that scammers often exploit fake OTP messages to gain access to individuals' devices, resulting in significant financial losses. By enforcing this rule across all telecom companies, TRAI aims to protect consumers more effectively. In other news, Beginning January 1, 2025, a that will affect customers of Jio, Airtel, Vi, and BSNL. These regulations are aimed at accelerating the development of 5G infrastructure across the country. The government has recently introduced additional regulations under the Telecom Act, requiring all states to comply with these changes. This new guideline, referred to as the Right of Way (RoW), establishes standardised costs for telecom companies when deploying infrastructure nationwide. Currently, RoW rules differ from state to state, leading to varied charges for permissions and the establishment of infrastructure across the country.

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SPDR Portfolio Short Term Treasury ETF (NYSEARCA:SPTS) Shares Bought by PNC Financial Services Group Inc.The Government will block new incinerators if they do not help meet environmental objectives under rules unveiled on Monday. Developers will have to show that their project either helps reduce the amount of non-recyclable waste going to landfill, or replaces an older, less efficient incinerator. The move forms part of the Government’s drive to increase recycling rates, which have held at about 45% of household waste since 2015. Environment minister Mary Creagh said: “For far too long, the nation has seen its recycling rates stagnate and relied on burning household waste, rather than supporting communities to keep resources in use for longer. “That ends today, with clear conditions for new energy from waste plants – they must be efficient and support net zero and our economic growth mission, before they can get the backing needed to be built.” Developers will also have to ensure their incinerators are ready for carbon capture technology, and demonstrate how the heat they produce can be used to help cut heating bills for households. The Government expects that its “crackdown” on new incinerators will mean only a limited number are built, while still reducing the amount of waste sent to landfill and enabling the country to process the waste it produces. The Department for the Environment, Food and Rural Affairs said the country was almost at the point where it had enough waste facilities to handle non-recyclable rubbish, and so had limited need for new incinerators. But the proposals stop short of the plans included in the Conservatives’ 2024 manifesto, which committed to a complete ban on new incinerators due to their “impact on local communities” and declining demand as recycling increased.AP Trending SummaryBrief at 5:24 p.m. EST