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
SoftBank, OpenAI Delay $100B AI Investment Due to Tariffs
SoftBank and OpenAI’s plan to invest $100 billion in artificial intelligence infrastructure in the U.S. as part of the Stargate project has been delayed for several months, according to a report. The
Nvidia Surpasses Microsoft as World’s Most Valuable Company
Nvidia has regained its position as the most valuable publicly traded company, surpassing Microsoft with a market cap of $3.45 trillion on Tuesday. This milestone comes after a 3% surge in Nvidia’s
OpenAI Launches Codex: The AI-Powered Coding Agent
OpenAI announced the launch of Codex, its most capable AI coding agent yet, on Friday. Powered by the codex-1 model, which is optimized for software engineering tasks, Codex promises to generate cleaner,
Ireland Investigates X Over AI Training Using Personal Data
Data Privacy Commission Launches Inquiry Ireland’s Data Protection Commission (DPC) has announced an investigation into X, the social media platform owned by Elon Musk, over its alleged use of personal data from
BlackRock CEO Fink Warns U.S. Economy Near Recession
Economic Slowdown Due to Trump’s Tariffs BlackRock CEO Larry Fink shared his concerns on CNBC Friday, stating that he believes the U.S. economy is on the brink of recession. He noted that
EU Unveils AI Action Plan to Compete with U.S. and China
European Commission’s AI Continent Action Plan On Wednesday, the European Union presented an ambitious plan to strengthen its artificial intelligence (AI) industry and better compete with global giants like the U.S. and
Alibaba Unveils AI Model to Rival DeepSeek, Shares Surge
Alibaba shares surged after the Chinese tech giant unveiled a new AI reasoning model it claims can rival DeepSeek’s widely acclaimed R1. Stock Performance and Market Reaction Hong Kong-listed shares of Alibaba
Meta Increases Executive Bonuses Amid Layoffs and Growth
Executives at Meta are set to receive bigger bonuses this year after the company approved an increase in the target bonus percentage for its annual executive bonus plan. According to a corporate
Musk’s xAI Unveils Grok-3 Model to Challenge OpenAI
Elon Musk’s AI startup, xAI, introduced its latest Grok-3 model, positioning it as a challenger to OpenAI’s GPT-4o and other leading AI models. The announcement came just days after Musk’s $97.4 billion
Big Tech Races to Lead AI With Massive Investments
Big-Tech’s-AI-Spending-Surges-as-Firms-Race-for-Market-Dominance Big Tech companies are making massive investments in artificial intelligence (AI), with Meta (META) planning to spend up to $65 billion on AI infrastructure in 2025. As the competition heats up,
Meta to Lay Off 5% of Workforce in 2025 Performance-Driven Cuts
Meta Announces Workforce Reductions Meta has confirmed plans to cut approximately 5% of its workforce, targeting the company’s lowest-performing employees. The move was detailed in an internal memo from CEO Mark Zuckerberg,
Softbank CEO Pledges $100 Billion Investment in the U.S.
Softbank CEO Masayoshi Son announced a $100 billion investment in the United States over the next four years during a visit to President-elect Donald Trump’s residence at Mar-a-Lago in Palm Beach, Florida,