The AI’s responses to queries related to dissident artists and artistic freedom were terse and biased in favor of the Chinese government.
The Nasdaq & S&P 500 fell after Chinese startup DeepSeek shows AI can be built cheaply, sparking fears AI spending will stall. The blue-chip Dow rose.
S&P 500 futures are falling 1.6%. Dow Jones Industrial Average futures are dropping 0.9%. Nasdaq 100 futures are plunging 2.6%. On Friday, the Dow Jones Industrial Average fell 141 points, or 0.32%, to 44,
Good morning. US tech futures plunge as a Chinese AI newcomer threatens to shake things up. Donald Trump briefly proposes tariffs on Colombia. And Elon Musk’s Department of Government Efficiency is now hiring.
DeepSeek’s emergence is shaking up investor confidence of the AI story that has been lifting the U.S. bull market in the past two years.
Asian markets mostly fell Monday on fresh trade fears after Donald Trump's threat to impose huge tariffs on Colombia in retaliation for its refusal to accept deportation flights from the United States.
The spending spigots are still wide open Meta Platforms and Microsoft are two of the so-called hyperscalers who are [plowing tens of billions of dollars into artificial intelligence](
When OpenAI released ChatGPT in 2022, companies started spending billions on GPUs to train AI models. Nvidia led the market for graphics processing units (GPUs), so it was the right company at the right time to deliver monster returns to investors.
Alibaba (BABA), the China-based e-commerce “giant,” debuted the latest iteration of its artificial intelligence model, “claiming it surpasses
Alibaba Group Holding Limited's new AI model Qwen 2.5-VL could boost its Cloud business growth, outperforming competitors. Click for my BABA stock update.
Options bulls were targeting the stock before today, too. At the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), BABA's 50-day call/put volume ratio of 8.66 ranks in the 99th annual percentile. This suggests that calls have been much more popular than usual of late.
The S&P 500 fell 1.7% Monday. Big Tech stocks took some of the heaviest losses, with Nvidia down 16%, and they dragged the Nasdaq composite down 3.2%.