China's DeepSeek that wiped billions from US stock market in January 2025, sends New Year's message to American companies

    China’s DeepSeek that wiped billions from US stock market in January 2025, sends New Year’s message to American companies

    Chinese AI firm DeepSeek unveiled a groundbreaking training method, “Manifold-Constrained Hyper-Connections,” potentially slashing AI development costs. This innovation challenges the notion that advanced AI necessitates massive computing power, following their previous success with the R1 model. The breakthrough intensifies industry debates on scaling AI, with expectations high for DeepSeek’s next model release. Chinese AI startup…

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    The challenging economic environment provides opportunities for liquidation experts, according to Derek Lai. Photo: Shutterstock

      Exclusive | Hong Kong to see more debt restructuring amid weak economy, says ‘King of Liquidation’

      Hong Kong and mainland China are set to see more corporate restructuring and liquidation in commercial real estate, restaurants and retail shops in 2026 due to the weak economy and changes in consumer behaviour, according to veteran liquidator Derek Lai Kar-yan. The challenging economic environment, however, provides opportunities for experts like Lai, 60, who is…

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      HPC News Bytes 20251215: On-Off-On GPU Exports to China, the US-China Power Gap, Pocket-Sized HPC, Regulating AI

        HPC News Bytes 20251215: On-Off-On GPU Exports to China, the US-China Power Gap, Pocket-Sized HPC, Regulating AI

          https://orionx.net/wp-content/uploads/2025/12/HPCNB_20251215.mp3 Warmest December greetings! AI technology and its correlated impacts splashed around the world last week, here’s a fast (10:52) review of new developments, including: – Nvidia H200 exports to China – H20, H200 and Chinese AI chips: how do they stack up? – Few fast GPUs vs. many slow GPUs – China’s power…

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          China’s DeepSeek Uses Banned Nvidia Chips for AI Model, Report Says

          (Bloomberg) — Chinese artificial intelligence startup DeepSeek has relied on Nvidia Corp. (NVDA) chips that are banned in the country to develop an upcoming AI model, according to a new report in The Information. Nvidia’s Blackwell chips were smuggled into China through countries that permitted their sale, The Information reported, citing unnamed sources. More specifically,…

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            Moonshot and MiniMax step up as China’s new frontier AI labs

            Chinese artificial intelligence start-ups Moonshot AI and MiniMax have emerged as China’s strongest contenders to rival US frontier labs in 2025 – even as DeepSeek has stolen the spotlight as the poster child for the country’s AI ambitions. Moonshot AI, founded by 33-year-old Yang Zhilin, has sharply raised its profile in China’s AI ecosystem with…

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