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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    Sam Altman says ‘Slack creates a lot of fake work’; Elon Musk responds: ‘As I was saying …’

    Sam Altman says ‘Slack creates a lot of fake work’; Elon Musk responds: ‘As I was saying …’

    Tesla CEO Elon Musk has reacted sharply to Sam Altman’s remarks about office productivity tools like Slack, saying that the ChatGPT-maker OpenAI will “compete directly with Microsoft”. Sam Altman, founder and CEO of OpenAI recently said that while there are many positives about Slack, it also creates a “lot of fake work”. In a now…

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    What to watch this week

    What to watch this week

    After another jam-packed week of news and earnings, the earnings and economic calendar suggests a tamer five-day stretch awaits investors in the week ahead. Tech stocks this past week had one of their worst stretches of the year, with declines in Palantir (PLTR) and Nvidia (NVDA) leading the tech-heavy Nasdaq to a 3% decline. The…

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