Latest in Nvidia drops 17% as China's cheaper AI model DeepSeek sparks global tech sell off
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FirstFT: Success of Chinese rival to ChatGPT triggers global stock market sell-off
Also in today’s newsletter, Israel allows Palestinians to return to northern Gaza and investors offload record amounts of PE stakesFinancial Times - 3d -
Japan chip stocks fall as DeepSeek's challenge to U.S. AI dominance raises worries for Asian tech firms
Japan's chip-related stocks fall as DeepSeek gained momentum, raising concerns about a challenge to America's global leadership in artificial intelligence.CNBC - 3d -
How Chinese AI Startup DeepSeek Made a Model that Rivals OpenAI
When Chinese quant hedge fund founder Liang Wenfeng went into AI research, he took 10,000 Nvidia chips and assembled a team of young, ambitious talent. Two years later, DeepSeek exploded on the scene.Wired - 5d -
Tech leaders respond to the rapid rise of DeepSeek
Marc Andreessen, Yann LeCunn and Mark Zuckerberg have all penned what appear to be responses to the Chinese open source model's ascent.VentureBeat - 6d -
How China’s new AI model DeepSeek is threatening U.S. dominance
An AI lab out of China has ignited panic in Silicon Valley after releasing impressive AI models more cheaply and with less-powerful chips than U.S. AI giants.CNBC - 6d -
China's WeRide Wants to Build Global Robotaxi Empire
The Chinese autonomous-driving company is aiming to make more inroads overseas this year, betting that robotaxis and related services will be in high demand in coming years.The Wall Street Journal - 6d -
Why everyone in AI is freaking out about DeepSeek
DeepSeek has a free website and mobile app even for U.S. users with an R1-powered chatbot interface similar to OpenAI's ChatGPT.VentureBeat - 6d -
Scale AI CEO says China has quickly caught the U.S. with the DeepSeek open-source model
Alexandr Wang, CEO of Scale AI, said Thursday that the AI race between the U.S. and China is an "AI war."CNBC - Jan. 23 -
Oracle, Nvidia and other Big Tech stocks jump as Trump rolls out Stargate AI initiative
President Trump announced a major AI infrastructure investment of “at least $500 billion,” signaling a willingness to work alongside large tech companies.MarketWatch - Jan. 21 -
Why U.S. tech companies struggle to replicate China's WeChat 'super app' model
While 'super apps' have flourished in Asia, their adoption in Western markets has been slower. But more tech companies seek to bring the same model to the U.S.CNBC - Jan. 21 -
Huawei seeks to grab market share in AI chips from Nvidia in China
Tech giant pushes its artificial intelligence chips as hardware of choice for ‘inference’ tasksFinancial Times - Jan. 21 -
'The Brutalist' sparks controversy after film's editor reveals use of AI
Days before the Oscar race officially kicks off, one of the expected frontrunners sparked controversy when the film's editor admitted using AI to enhance Hungarian accents in "The Brutalist."NBC News - Jan. 20 -
Global financial sector dropping key green pledges as Trump takes office
Banks, asset managers and industry groups move to accommodate US president’s anti-net zero stance. The second Trump administration is expected to strike a blow to efforts to align the global ...The Guardian - Jan. 20 -
A stock market sell signal’s been turned off. The market’s more sober.
Fund-manager cash levels are rising, one of a number of indicators showing that last year’s frothy market conditions have subsided and that sentiment has become more sober, Bank of America ...MarketWatch - Jan. 17 -
Biden's Cyber Ambassador Urges Trump Not to Cede Ground to Russia and China in Global Tech Fight
Nathaniel Fick, the ambassador for cyberspace and digital policy, has led US tech diplomacy amid a rising tide of pressure from authoritarian regimes. Will the Trump administration undo that work?Wired - Jan. 16 -
A global bond sell-off is deepening as investors pare Fed rate-cut expectations
A sell-off in global bond markets is accelerating, fueling concerns over government finances and raising the specter of higher borrowing costs.CNBC - Jan. 14 -
There's a popular tech stock washout Monday as Palantir, Nvidia and Rigetti Computing drop
Popular technology stocks tumbled Monday as bond yields rose, dragging down tech-heavy Nasdaq-100 futures.CNBC - Jan. 13 -
New US Rule Aims to Block China’s Access to AI Chips and Models by Restricting the World
The US government has announced a radical plan to control exports of cutting-edge AI technology to most nations.Wired - Jan. 13 -
U.S. Targets China With New AI Curbs, Overriding Nvidia's Objections
The U.S. is imposing some of its strongest measures yet to limit Chinese advances in AI, aiming to block backdoors in other countries that Beijing could use to access technology.The Wall Street Journal - Jan. 13 -
Porsche China deliveries drop 28% as competition intensifies
Fall comes as consumers in world’s largest car market increasingly opt for domestic brandsFinancial Times - Jan. 13 -
Landlords ripping off fire victims, says Selling Sunset star
Real estate mogul Jason Oppenheim says renters are being asked for thousands over previous prices.BBC News - Jan. 12 -
Iran Races to Sell Oil Stored in China
Tehran has shipped out nearly 3 million barrels to raise money that could be used to shore up its allied militias in the Middle East.The Wall Street Journal - Jan. 11 -
What does the gilt sell-off mean for your money?
Mortgages, pensions and investments likely to feel the effects of rising bond yieldsFinancial Times - Jan. 10 -
Tesla launches refreshed Model Y in China to fend off domestic rivals
The Model Y, which Tesla announced in China, will start at 263,500 Chinese yuan ($35,935), with deliveries set to begin in March.CNBC - Jan. 10 -
UK debt market sell-off threatens mortgage pain for households
Some 700,000 borrowers face jump in repayments when fixed-rate deals end this yearFinancial Times - Jan. 10 -
A Nvidia AI Supercomputer Could Be Yours for Just $3,000
The machine, set to come out in May, is called Project Digits. It packs a petaflop of computing power.Inc. - Jan. 7 -
Global VC investments rose 5.4% to $368.5B in 2024, but deals fell 17% | NVCA/Pitchbook
Global venture capital investments rose to $368.5 billion in 2024, up 5.4% from $349.4 billion a year earlier, the NVCA/Pitchbook said.VentureBeat - Jan. 7 -
Nvidia’s AI agent play is here with new models, orchestration blueprints
Nvidia enters the AI agent space with a family of language models for agentic instruction and orchestrarion frameworks it calls Blueprints.VentureBeat - Jan. 7 -
Nvidia unveils AI foundation models running on RTX AI PCs
Nvidia today announced foundation models running locally on Nvidia RTX AI PCs that supercharge digital humans, content creation, productivity and development.VentureBeat - Jan. 7 -
Nvidia launches Cosmos World Foundation Model platform to accelerate physical AI
Nvidia launched its Cosmos World Foundation Model platform to accelerate physical AI development.VentureBeat - Jan. 7 -
Nvidia’s Nemotron Model Families will advance AI agents
Nvidia announced Nemotron Model Families to advance agentic AI as part of its bevy of AI announcements at CES 2025 today.VentureBeat - Jan. 7 -
Cryptocurrencies and personal AI: Tech to watch out for in 2025
Will 2025 be a hinge year for cryptocurrency and will personalised AI appear on your phone?BBC News - Jan. 7 -
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How Congress dropped the ball on AI safety
After two years of congressional deliberation on artificial intelligence, we need more than careful analysis — we need decisive action.The Hill - Jan. 2 -
Can France become a global AI powerhouse?
Momentum has been slowing but the country boasts enviable technical skills and a burgeoning entrepreneurial cultureFinancial Times - Jan. 2 -
Nvidia invested $1bn in AI deals in 2024
Group emerges as crucial backer of start-ups seeking to gain from the tech revolution its chips are poweringFinancial Times - Jan. 1
