The U.S. president last week unveiled a $500 billion project to build infrastructure needed to cement American AI dominance in the years to come — but the Chinese app’s showing could call into question the efficacy of the investment, as DeepSeek was able to achieve its results at a much lower cost. “The release of…
Nasdaq futures plunged on Monday to lead a stock rout on Wall Street as a Chinese startup rattled faith in US leadership and profitability in AI, hitting Nvidia (NVDA) and other Big Tech stocks. Contracts on the tech-heavy Nasdaq 100 () sank 4.3%, while S&P 500 futures () tumbled 2.4%. Dow Jones Industrial Average futures…
There’s a dominant narrative in the media about why tech billionaires are sucking up to Donald Trump: Elon Musk, Mark Zuckerberg, and Jeff Bezos, all of whom have descended on the nation’s capital for the presidential inauguration, either happily support or have largely acquiesced to Trump because they think he’ll offer lower taxes and friendlier…
(Editor’s Note: This is the next installment of our series, “Tech Policy under Trump 2.0.” Read the first article in the series here). During a Dec. 18 press conference in Mar-a-Lago, President-elect Donald Trump took an unexpected tack, suggesting the United States and China could “work together to solve all of the world’s problems.” With…
China’s booming artificial intelligence (AI) industry has a plethora of job openings but not enough talent to fill them, according to a recent report from Maimai, a Chinese professional online network similar to LinkedIn. A quarter of openings among the top 20 “new economy” job types on Maimai this year through October were directly related…
File photo: The Nasdaq logo is displayed at the Nasdaq Market site in Times Square in New York City. The Nasdaq Composite Index achieved a historic milestone on Wednesday, reaching 20,000 for the first time, driven by enthusiasm surrounding artificial intelligence and anticipated interest rate reductions that propelled technology stocks to remarkable heights. The technology-focused…
Nationalism has emerged as a potent force shaping global tech policy, nowhere more so than in the United States. With Donald Trump returning to the White House for a second term, his vision for America’s technological future is coming into sharper focus. At home, Trump promises a sweeping deregulatory agenda coupled with industrial policy aimed…
Yet another antitrust regulator has taken issue with Apple’s in-app payment system. As Reuters reported Monday (Nov. 25), Brazil’s Cade says Apple must do away with restrictions on payment methods for in-app purchases. The regulator will also proceed with an investigation into a complaint brought two years ago by Latin American eCommerce giant MercadoLibre, accusing Apple of imposing restrictions on the distribution of digital…
The Justice Department is looking to break up one of America’s most powerful companies following a court ruling in September that found Google violated antitrust law. Shares of Google-parent Alphabet plunged over 5% Thursday after prosecutors outlined proposed remedies that would significantly alter how the search giant conducts its business. In September, U.S. District Judge…
Google headquarters during Made By Google on August 13, 2024 in Mountain View, California. Photo: Justin Sullivan (Getty Images) In This Story Google parent company Alphabet’s (GOOGL-5.15%) shares fell over 5% during mid-day trading on Thursday amid pressure on Google to sell its Chrome web browser. AI can do the work of countless stock market…