DeepSeek’s Rise Challenges U.S. AI Dominance
The emergence of Chinese AI app DeepSeek has sent shockwaves through financial markets and the global tech industry. Even U.S. President Donald Trump weighed in, calling it “a wake-up call” for American
Meta Surges on AI Spending, But Analysts Eye Valuation
Meta Platforms Inc. continues its aggressive push into artificial intelligence, drawing investor support despite the growing size of its AI-related spending. The stock has soared nearly 45% from its April lows, buoyed
Microsoft Cuts 9,000 Jobs, Trims Xbox and Sales Teams
Layoffs target gaming and global divisions as AI investments climb Microsoft is laying off approximately 9,000 employees, marking its largest round of job cuts in over two years. The move, which affects
Amazon Doubles Down on Anthropic with $4 Billion AI Investment
Amazon has announced a significant new investment of $4 billion in Anthropic, a leading artificial intelligence (AI) startup founded by former OpenAI executives. This move cements Amazon’s role in the rapidly evolving