China Financial News

Subscribe to enjoy similar stories. SINGAPORE—The unexpected success of Chinese AI startup DeepSeek has revealed cracks in U.S. efforts to contain China’s technology ambitions, challenging both Washington and Silicon Valley to rethink how best to preserve American supremacy.

Subscribe to enjoy similar stories. It’s impossible to look at the Chinese artificial intelligence startup DeepSeek’s new AI model without comparing it against OpenAI, the dominant American rival. DeepSeek has touted its latest AI model, R1, is particularly good at problem solving, performing on par with OpenAI’s o1 reasoning model—but at a fraction of the cost per use.

Skoda Auto, leading Volkswagen's India investments, is considering investing in India's new electric vehicle (EV) policy. However, the company wants the government to include hybrid and plug-in hybrid electric vehicles (PHEVs) for benefits, citing challenges with charging infrastructure and consumer acceptance of pure electrics.

Liang Wenfeng’s quantitative hedge fund, Zhejiang High-Flyer Asset Management, issued a public apology to investors after sustaining losses during a volatile period for China’s stock market. The setback was unexpected for the firm, which had rapidly become one of the country’s largest quant funds by leveraging artificial intelligence to select stocks.

On the campaign trail last year, President Donald Trump talked tough about imposing tariffs as high as 60% on Chinese goods and threatened to renew the trade war with China that he launched during his first term

DeepSeek's launch of its open-source AI reasoning model, R1, has sent shockwaves through the tech industry. In just a short time, it surpassed OpenAI’s ChatGPT in popularity on the App Store. The groundbreaking model’s performance and affordability have prompted strong reactions, including from Pat Gelsinger, former CEO of Intel. On X (formerly Twitter), Gelsinger shared his thoughts on R1’s impact, drawing lessons from computing history that he believes the AI community must embrace.

DeepSeek sent shockwaves with an AI model with capabilities rivalling the creations of Google and OpenAI. DeepSeek grabbed the giant global tech firms by the horns, which has surprised the worldwide markets. This breakthrough technology caused a significant drop in the market value of US chipmaker Nvidia, with over $500 billion wiped off its market cap on January 27, 2025.

Doomsday Clock” to 89 seconds till midnight, the closest it has ever been.The Bulletin of the Atomic Scientists made the annual announcement — which rates how close humanity is from ending — citing threats that include climate change, proliferation of nuclear weapons, instability in the Middle East, the threat of pandemics and incorporation of artificial intelligence in military operations.The clock had stood at 90 seconds to midnight for the past two years and “when you are at this precipice, the one thing you don’t want to do is take a step forward,” said Daniel Holz, chair of the group’s science and security board.The group said it’s concerned about cooperation between countries such as North Korea, Russia and China in developing nuclear programs. Russia President Vladimir Putin has also talked about using nuclear weapons in his war against Ukraine.“A lot of the rhetoric is very disturbing,” Holz said.

Asian stocks have advanced in thin Lunar New Year trading following a rebound on Wall Street driven by tech stocks as the panic over Chinese AI company DeepSeek faded

Pat Gelsinger took to LinkedIn to cheer Chinese artificial intelligence (AI) DeepSeek, calling it «an incredible piece of engineering that will usher in greater adoption of AI». He added that the startup's overnight fame shows a reset within the industry towards open innovation.

Anant Raj surged 10% during the intraday session, hitting their upper circuit at Rs 587.85 on the BSE, following the company’s clarification regarding its business model in light of developments in artificial intelligence (AI) technology, specifically the announcement of a low-cost AI model by Chinese company DeepSeek. The clarification, issued on January 28 after market hours, aimed to reassure investors about the company’s operations and its outlook for the data center industry amid the growing influence of AI.

Subscribe to enjoy similar stories. DeepSeek’s dramatic rise exposes the greatest risk facing Nvidia: that the intense demand for its advanced chips could wane. Nvidia’s success as the computational arms dealer for the artificial-intelligence boom has made it a target for a host of rivals seeking to diminish its dominance.

DeepSeek, an AI startup that has startled markets with its capacity to compete with industry leaders like OpenAI, kept a low profile as he built up a hedge fund and then refined its quantitative models to branch into artificial intelligence.

artificial intelligence with splashy announcements and new chatbots, DeepSeek took a different approach. It zeroed in on research.

OpenAI was founded as a lab in 2015 to take on the perceived dominance of Google in AI. Its meteoric rise over the last three years however made its dominance unchallengeable. But, Chinese LLM maker DeepSeek’s launch of its reasoning model R1 last week has challenged not just the dominance of OpenAI but has also questioned America’s supremacy in the global AI race.

Federal Reserve’s rate decision and US mega-cap earnings. Japanese and Australian shares rose. Most other major markets in the region are closed for Lunar New Year holidays. US equity futures declined after the S&P 500 rose 0.9% and Nasdaq 100 advanced 1.6% on Tuesday, as Nvidia Corp. rallied 8.9% following the largest one-day value loss in history. The dollar and oil gained after President Donald Trump talked about across-the-board tariffs.

David Sacks said there’s “substantial evidence” that Chinese upstart DeepSeek leaned on the output of OpenAI’s models to help develop its own technology.

Subscribe to enjoy similar stories. India needs sustained long-term growth to pull people out of poverty, create jobs for the young, and boost incomes to widen the consumption base. I have long considered India’s potential real GDP growth rate to be 6% to 6.5% (6.2% is the average since 1980).

DeepSeek-R1 last week, an open-source large language model (LLM) reportedly rivaling OpenAI’s top offerings, sending shockwaves through the industry and generating much excitement in the tech world. It apparently started as a side project at a Chinese hedge fund before being spun out.