- April 18th, 2025
Chinese AI startup DeepSeek has unveiled its groundbreaking chatbot, powered by an open-source R1 model. This development is redefining expectations around the energy and computing costs required to build cutting-edge artificial intelligence systems. What makes DeepSeek's accomplishment so disruptive is...
Silicon Valley Hit by AI's 'Sputnik Moment' as DeepSeek Overtakes ChatGPT First came ChatGPT, then Gemini, followed by Grok—but when DeepSeek entered the scene, it sent shockwaves across the tech industry, made investors anxious, and wiped off $1 trillion from US tech giants in...
Shares in major US technology firms have taken a significant hit in response to the sudden rise of DeepSeek, a Chinese artificial intelligence (AI) chatbot that has quickly gained popularity and posed a direct challenge to established American AI giants. The...
Oil markets took a sharp turn on Friday, as crude prices declined following U.S. President Donald Trump’s calls for the Organization of the Petroleum Exporting Countries (OPEC) and its de facto leader Saudi Arabia to cut oil prices. Trump’s remarks,...
The U.S. Securities and Exchange Commission (SEC) announced Thursday that it had rescinded accounting guidance long criticized by the cryptocurrency industry. The move signals an early shift under President Donald Trump’s administration to roll back key regulatory measures enacted during...
On Thursday, the Japanese government reiterated its cautious outlook for the nation’s economy, citing uncertainties in global markets driven by the policies of U.S. President Donald Trump. While the economy continues to recover moderately, bolstered by steady wage gains and...
Britain’s Competition and Markets Authority (CMA) announced on Thursday that it has launched an investigation into Apple and Google’s smartphone operating systems, app stores, and web browsers. This marks the second time the CMA has utilized its expanded regulatory powers...
China has called on local mutual funds and state-owned insurers to significantly increase their investments in domestic stocks. This is part of a broader initiative by Beijing to restore confidence in its capital markets amid fears of economic stagnation and...
Japan witnessed a significant economic milestone in 2024 as its exports surged to a record high, helping to cut the country's annual trade deficit by an impressive 44% compared to the previous year. According to the Finance Ministry’s latest report...
In a move set to reshape the extended reality (XR) landscape, Taiwanese tech giant HTC announced on Thursday that it will sell part of its XR division to Google for $250 million. The agreement, which includes the transfer of some...
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