China News
U.S. and China escalate economic tensions over AI and tariffs – CBS News Watch CBS News Tensions rise as Chinese startup DeepSeek announces a breakthrough in AI technology, while President Trump considers new tariffs on Chinese imports. Anna Coren reports from Hong Kong. Be the first to know Get browser notifications for breaking news, live…
Chinese PLA soldiers practice with FPV drones Clash Report Via Twitter China’s release of the DeepSeek chatbot has sent shockwaves through the U.S. stock market and beyond. The makers claim that the underlying DeepSeek-V3 model was trained for around $6m, a tiny fraction of the cost of rival U.S. systems, and with a tiny fraction…
China’s DeepSeek has reshaped the pathways to hi-tech breakthroughs and shown how talent and software integration can be more powerful than scale, money or a “copycat” approach, according to observers. The meteoric arrival of DeepSeek’s artificial intelligence (AI) model also highlighted the need for US-China cooperation on innovation, despite Washington’s “small yard, high fence” policy…
https://www.tipranks.com/news/the-fly/general-motors-says-making-good-progress-in-china Expects to forecast $1B in annual run rate savings from ending Cruise robo-taxi program. Says Cruise employees to be fully integrated into the company by mid year. Expects to approach about $2B in annual revenue from Super Cruise within five years. Says making “significant progress” on EVs. Says planning to mitigate impacts from potential…
Lloyds Banking Group to close another 136 branches Lloyds Banking Group is to close another 136 branches across the UK as customers continue the shift to primarily online banking. The bank said that it would close 61 Lloyds branches along with 61 Halifax and 14 Bank of Scotland sites, starting in May with completion of…
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Chinese artists leap from pedestals as they perform a traditional lion dance marking the Lunar New Year of the Snake in the Chinatown area of Yangon, Myanmar, Sunday, Jan. 26, 2025. (AP Photo/Thein Zaw) Dancers perform as lions during the Chinese New Year celebrations, marking the year of the snake, in Buenos Aires, Argentina, Saturday,…
China’s DeepSeek takes U.S. tech by surprise – CBS News Watch CBS News China on Monday unveiled its DeepSeek artificial intelligence, shocking the U.S. tech sector and sending chip-maker Nvidia’s stock tumbling. Anna Coren reports. Be the first to know Get browser notifications for breaking news, live events, and exclusive reporting. Not Now Turn On…
A Chinese company’s latest artificial intelligence technology has sent shock waves through the AI-industrial complex in the United States this week. In recent years, U.S. companies OpenAI, Google, Meta and Anthropic have dominated leaderboards for cutting-edge AI. Microsoft, Amazon and Nvidia have led in cloud and specialized AI hardware. To play in this league, a…