Chinese tech giant Baidu to release next-generation AI model this year as DeepSeek shakes up market

• FirstFT: Chinese tech stocks ride DeepSeek wave to bull market

  Also in today’s newsletter, EU weighs gas price cap, and will a US bitcoin reserve work?
  
  Financial Times - 2h
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  China’s tech stocks enter bull market after DeepSeek breakthrough

  Budget AI model triggers global reappraisal of Chinese technology companies
  
  Financial Times - 3h

• BYD shares hit record high after EV maker rolls out driver assistance tech with DeepSeek's AI help

  Advanced smart driving will become a standard safety feature similar to seatbelts and air bags, BYD's founder and chairman Wang Chuanfu said.
  
  CNBC - 1d

• DeepSeek’s AI model is ‘the best work’ out of China but the hype is 'exaggerated,' Google DeepMind CEO says

  DeepSeek's AI model "is probably the best work" out of China, Demis Hassabis said on Sunday, but added it was not a scientific advancement.
  
  CNBC - 1d
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  After DeepSeek Upended the Market, Is It Worth Investing in A.I.?

  After the arrival of a less costly A.I. model from China, U.S. markets and academics are wrestling with the ultimate economic value of the technology.
  
  The New York Times - 4d
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  Trump’s FBI Pick Kash Patel Took Up to $5M in Stock From Chinese Ecommerce Giant Shein

  Donald Trump’s pick for FBI director told senators he has no plans to divest his shares, which his financial disclosure form says were received in exchange for consulting services.
  
  Wired - 4d
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  DeepSeek’s R1 and OpenAI’s Deep Research just redefined AI — RAG, distillation, and custom models will never be the same

  Pricing, performance, hallucination risks, clean data: Here’s what DeepSeek and OpenAI's breakthroughs mean for anyone building AI today.
  
  VentureBeat - 5d

More from CNBC

• Tesla drops 6% after BYD partners with DeepSeek, Musk adds to DOGE distractions with OpenAI bid

  Tesla shares fell 6% on Tuesday and have dropped for five straight days, wiping out over $200 billion in market cap.
  
  CNBC - 8h

• Anduril to take over Microsoft's $22 billion U.S. Army headset program

  Anduril Industries will take control of Microsoft's multibillion-dollar augmented reality headset program for the U.S. Army.
  
  CNBC - 10h

• SoftBank posts surprise loss of $2.4 billion in third quarter as Vision Fund investments go into red

  SoftBank Group posted a surprise quarterly loss Wednesday and the Japanese company's revenue also missed analysts' estimates.
  
  CNBC - 1m

• GM expects to mitigate up to 50% of potential North American tariffs, which Ford describes as 'chaos'

  CEO Mary Barra said GM has contingency plans ready for if tariffs are levied on auto parts and vehicles coming into the U.S. from Canada and Mexico.
  
  CNBC - 12h

• Europe wants to be part of the AI race against China and the U.S. — and shake off its anti-innovation image

  Europe is looking to be a part of the conversation around AI leadership and innovation that has so far been dominated by the U.S. and China.
  
  CNBC - 2h

More in Business

• SoftBank posts surprise loss of $2.4 billion in third quarter as Vision Fund investments go into red

  SoftBank Group posted a surprise quarterly loss Wednesday and the Japanese company's revenue also missed analysts' estimates.
  
  CNBC - 1m
• 

  What Modi and India Can Offer Trump on Trade

  As two-way trade expands, India’s surplus is growing. President Trump is expected to press Prime Minister Narendra Modi to lower tariffs.
  
  The New York Times - 1h

• Battery giant CATL files for Hong Kong listing in what could be city's largest IPO since 2021

  CATL is also listed on the Shenzhen stock exchange, boasting a market cap of $150.5 billion. The battery giant supplies big automakers like Tesla.
  
  CNBC - 1h

• Europe wants to be part of the AI race against China and the U.S. — and shake off its anti-innovation image

  Europe is looking to be a part of the conversation around AI leadership and innovation that has so far been dominated by the U.S. and China.
  
  CNBC - 2h
• 

  Banks to lobby Reeves on hiring top foreign talent

  Chancellor’s meeting with financial services groups expected to focus on visas, regulation and tax
  
  Financial Times - 3h