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How DeepSeek’s new AI models are impacting the profits of global companies

How DeepSeek’s new AI models are impacting the profits of global companies

Finance News

China’s DeepSeek shook global stock markets after revealing that it had built a powerful artificial intelligence model for a mere $6 million. While some have disputed the shockingly low cost of developing the AI models, most agree that DeepSeek has sharply cut the on-going cost of running powerful AI models and that the firm’s decision […]

How DeepSeek’s new AI models are impacting the profits of global companies Read More »

Tesla shares drop 5% on Trump tariffs, decline in vehicle registrations in Europe

Tesla shares drop 5% on Trump tariffs, decline in vehicle registrations in Europe

Finance News

Oslo Taxi’s Tesla model Y (L) and the NIO ET5 electric vehicle from Nio Inc, a Chinese multinational electric car manufacturer, drive through the Norwegian capital Oslo, on September 27, 2024. Jonathan Nackstrand | Afp | Getty Images Tesla shares slid about 5% on Monday after President Donald Trump announced plans for extensive tariffs on

Tesla shares drop 5% on Trump tariffs, decline in vehicle registrations in Europe Read More »

Apple shares fall on concern Trump tariffs on China will hit profit

Apple shares fall on concern Trump tariffs on China will hit profit

Finance News

Apple’s Chief Executive Officer Tim Cook attends the China Development Forum in Beijing on March 24, 2024.  Pedro Pardopedro Pardo | Afp | Getty Images Apple shares fell more than 3% on Monday after President Donald Trump announced 10% tariffs on China, where the company assembles the majority of its products. Apple’s decline was steeper

Apple shares fall on concern Trump tariffs on China will hit profit Read More »

Trump coin leads tumble in meme cryptocurrencies as tariffs rock global markets

Trump coin leads tumble in meme cryptocurrencies as tariffs rock global markets

Finance News

TrumpCoin cryptocurrency price on Binance website is displayed for illustration photo. Krakow, Poland on Januar 20th, 2025 (Photo by Beata Zawrzel/NurPhoto via Getty Images) Beata Zawrzel | Nurphoto | Getty Images Meme coins plummeted over the weekend as President Donald Trump signed long threatened tariffs on Mexico, Canada and China, kicking off a trade war

Trump coin leads tumble in meme cryptocurrencies as tariffs rock global markets Read More »

Alphabet-backed fintech GoCardless halves losses, targets first annual profit in 2026

Alphabet-backed fintech GoCardless halves losses, targets first annual profit in 2026

Finance News

Hiroki Takeuchi, co-founder and CEO of GoCardless. Zed Jameson | Bloomberg | Getty Images Financial technology unicorn GoCardless more than halved losses in 2024 and said it’s aiming to reach full-year profitability by 2026. The London-based startup, which helps businesses collect recurring payments such as subscriptions, reported a net loss of £35.1 million ($43.8 million)

Alphabet-backed fintech GoCardless halves losses, targets first annual profit in 2026 Read More »

Bitcoin dips below ,000 after Trump orders tariffs, smaller cryptocurrencies tumble

Bitcoin dips below $97,000 after Trump orders tariffs, smaller cryptocurrencies tumble

Finance News

U.S. President-elect Donald Trump and Bitcoin. Cheney Orr | Dado Ruvic | Reuters Cryptocurrencies tumbled on Sunday in a risk-off move after President Donald Trump hit Canada, Mexico and China with long-threatened import tariffs. The price of bitcoin was last lower by 3%, according to Coin Metrics, a modest loss compared to the broader crypto

Bitcoin dips below $97,000 after Trump orders tariffs, smaller cryptocurrencies tumble Read More »

Chinese AI app DeepSeek was downloaded by millions of Americans. Deleting it might come next

Chinese AI app DeepSeek was downloaded by millions of Americans. Deleting it might come next

Finance News

This week’s news that the DeepSeek Chatbot app, developed by China, was downloaded from the Apple app store significantly more times than the US-developed ChatGPT from Open AI, wiped billions off the global tech market. Leon Neal | Getty Images News | Getty Images Plenty of Americans are discovering the AI search powers of DeepSeek,

Chinese AI app DeepSeek was downloaded by millions of Americans. Deleting it might come next Read More »

Singapore says U.S. firms should comply with export controls following DeepSeek chip questions

Singapore says U.S. firms should comply with export controls following DeepSeek chip questions

Finance News

Singapore’s Ministry of Trade and Industry (MTI) said in a statement Saturday that it expects U.S. companies to comply with U.S. export controls and local laws, following questions over the chips used by China’s DeepSeek to produce its AI model. Markets were rocked this week after DeepSeek claimed its large language model outperforms OpenAI’s but

Singapore says U.S. firms should comply with export controls following DeepSeek chip questions Read More »

Atlassian pops 20% on better-than-expected earnings, revenue outlook

Atlassian pops 20% on better-than-expected earnings, revenue outlook

Finance News

Mike Cannon-Brookes, co-founder of Atlassian Corp., in Sydney, Australia, on Dec. 6, 2023. Mike Cannon-Brookes co-founded software giant Atlassian.  Lisa Maree Williams | Bloomberg | Getty Images Atlassian shares popped 20% in premarket trading after blowing past Wall Street’s fiscal second-quarter earnings and guidance expectations. Adjusted earnings came in at 96 cents per share, ahead

Atlassian pops 20% on better-than-expected earnings, revenue outlook Read More »

Samsung fourth-quarter profit misses estimates, falls sharply from previous quarter

Samsung fourth-quarter profit misses estimates, falls sharply from previous quarter

Finance News

Customers shop at a Samsung mobile store inside a shopping mall in New Delhi. Reuters | Anindito Mukherjee Samsung Electronics on Friday reported better-than-expected fourth-quarter revenue and operating profit, though its operating profit sharply dropped from last quarter. Here are Samsung’s fourth-quarter results compared with LSEG SmartEstimate, which is weighted toward forecasts from analysts who

Samsung fourth-quarter profit misses estimates, falls sharply from previous quarter Read More »

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