The CEO of Anthropic, an AI company backed by Amazon and Google, argued that the US government must impose heavy restrictions on China in order to maintain a monopoly on artificial intelligence technology. If the US government can block China from getting advanced semiconductors, we will “live in a unipolar world, where only the US…
Tech giants appeared to defend their heavy AI investments during their latest earnings calls. Both Meta and Microsoft plan to spend over $60 billion on building out AI infrastructure this year. DeepSeek’s seemingly cheaper AI model has raised questions. DeepSeek may have spooked investors at the start of the week, but tech giants are doubling…
Yahoo Finance covers the top three market stories that are captivated headlines this week, in case you missed it: China’s introduction of DeepSeek, a Chinese startup that launched a reportedly cost-effective artificial intelligence (AI) chatbot, sent ripples through Wall Street. For further insights, check out the stories below: – China’s DeepSeek sparks Big Tech sell-off…
In January 2017, Sergey Brin rallied beside progressive activists at San Francisco International Airport to protest Donald Trump’s travel ban. Eight years later, the Google co-founder sat with right-wing nationalists at Trump’s second inauguration. Brin is far from the only tech mogul who has (apparently) warmed to Trump in recent years. Mark Zuckerberg once bankrolled…
As Donald Trump settles back into the White House for a second term and the rest of the world readies itself for a reprisal of US threats and transactionalism, Southeast Asia has been put on notice where it stands with Washington. A day after he was sworn in on January 21, US Secretary of State…
When it comes to AI, I’d consider myself a casual user and a curious one. It’s been creeping into my daily life for a couple of years, and at the very least, AI chatbots can be good at making drudgery slightly less drudgerous. But whenever I start to feel convinced that tools like ChatGPT and…
China is making enormous progress in the development of artificial intelligence technology, and it has set off a political and economic earthquake in the West. The stocks of US Big Tech corporations crashed on January 27, losing hundreds of billions of dollars in market capitalization over the span of just a few hours, on the…
Nasdaq futures climbed on Wednesday as upbeat ASML (ASML) orders buoyed chip stocks, but the broader mood was muted ahead of the first Big Tech earnings and the Federal Reserve’s rate decision. Contracts on the tech-heavy Nasdaq 100 (NQ=F) rose 0.4%, on the heels of a sharp closing gain. Meanwhile, S&P 500 futures (ES=F) wobbled…
US stocks are re-finding their footing Tuesday morning after yesterday’s tech sell-off fueled by the release of DeepSeek’s new AI model. Seana Smith and Brad Smith cover all that and more on today’s episode of The Morning Brief. T. Rowe Price’s Global Technology Fund portfolio manager Dom Rizzo speaks on what this sell-off event may…
DeepSeek just sent shockwaves through the AI world. The Chinese startup’s flagship model, DeepSeek-R1, has skyrocketed to the No. 1 spot on the U.S. Apple App Store, dethroning OpenAI’s ChatGPT. What’s more shocking? It did so while operating on older, less powerful Nvidia (NASDAQ:NVDA) chips and a fraction of the budget. DeepSeek-R1 isn’t just competingit’s…