DeepSeek roiled the AI industry and financial markets last month with news of its world-class R1 model made on the cheap. The news set off a tsunami of Chinese investment and focus on the potential of domestic AI.
Category: TRENDS IN AI – Mar 4 2025
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AI FERVOR REACHES EUROPE
Fourth-quarter earnings among tech companies in the MSCI Europe stock index grew by an average of 5.5 percent, compared to analysts’ forecasts of 0.5 percent.
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MICROSOFT CANCELS LEASES ON DATA CENTERS
Microsoft, which had budgeted $80 billion this year to build out its AI infrastructure, has been canceling leases on “a substantial amount of data center capacity,” Bloomberg reported.
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DEEPSEEK WILL NOT SLOW DEMAND FOR DATA CENTERS, SUPPLIER SAYS
The kind of cheaper, less energy-intense AI created by Chinese start-up DeepSeek will not slow the headlong demand for AI data centers around the world, according to Schneider Electric, a major supplier of electrical infrastructure to the centers and other industrial sites.