Wall Street analysts worry that new Chinese stealth aircraft could persuade the US to buy fewer of Lockheed Martin's F-35 stealth fighters.
Here’s why this story is so treacherous from a standpoint if you’re betting against US AI and companies like Nvidia.
Emojis of “DeepSeek pride,” often with smiling cats or dogs, flooded Chinese social media, adding to the festive Lunar New Year atmosphere.
Using DeepSeek's AI models and integrating them into its hardware aligns well with Apple’s strategy and keeps the company competitive in the AI race without reinventing the wheel or moving away from its core business model.
NEW YORK (AP) — Wall Street is tumbling on fears the big U.S. companies that have feasted on the artificial-intelligence frenzy are under threat from a competitor in China. The S&P 500 fell 1.8% in early trading Monday.
Apple reported $18.5 billion in sales in greater China last quarter, comfortably below consensus estimates of $20.9 billion.
DeepSeek was reportedly developed in just two months at a cost of under $6 million — a stark contrast to the billions typically spent by US giants.
Global policymakers and Wall Street analysts have been bracing for massive trade barriers from the new Trump administration. But it focused more on the domestic front in the first week in power, leaving the global trade landscape largely unchanged.
SoftBank Group, led by Masayoshi Son, is in discussions to invest up to $40 billion in OpenAI, valuing it at $300 billion. This follows a shift in AI dynamics with DeepSeek overtaking ChatGPT in US App Store rankings,
Trump reiterated that he planned to put tariffs on Canada and Mexico from Feb. 1 but markets still don’t know the full extent of the levies.