DeepSeek’s R1 AI is “impressive, particularly around what they’re able to deliver for the price,” OpenAI CEO Sam Altman wrote in a 20 January post on X. “We will obviously deliver much better models and also it’s legit invigorating to have a new competitor!”
More than 26 government-controlled Chinese banks and private ventures, working together with some affiliates outside the country, have secured control of deposits of key minerals across large swaths of the global South, research group AidData reported.
In 2023 through 2024, venture capitalists dumped about $155 billion into AI, data service Pitchbook reported. OpenAI alone has collected $24 billion, with Anthropic—founded by OpenAI alumni—raising $16 billion.
Share prices for companies from European gas turbine builders and uranium miners to natural gas producers and electric utilities dove earlier this month after Chinese upstart AI developer DeepSeek announced its new model R1.
A tech prodigy starts a research-level company and hires a team of creative young engineers unhampered by experience. The company uncovers a loophole that lets it gain access to some newer U.S.-made AI chips.
Since DeepSeek’s new R1 chatbot made its debut, experts across the industry have put it through paces ranging from writing Dad jokes to complex math calculations.
Stock markets’ ebullience through much of 2024 was due to AI. Nvidia became a $3-trillion company as it piled up back orders for its state-of-the-art AI chips.
The economic landscape has presented an array of challenges that will profoundly affect the business community this year.
Federal employees are on the chopping block as President Donald Trump looks to cut staff and programs.
At its meeting last week, the U.S. Federal Reserve’s Open Market Committee decided to hold its interest rates at their current levels amid a strong economy and labor market and inflation that refuses to surrender to the bank’s 2-percent target rate.
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