DeepSeek’s reasoning model R1 not only destroys the myth that China can only copy the West, it may even be poised to eclipse it in the AI tech race. China’s artificial intelligence breakthrough is shaking the foundation of the West’s dominance in this technological...

U.S. technology firms like Nvidia plunged after Chinese startup DeepSeek sparked concerns over competitiveness in AI and America’s lead in the sector. DeepSeek launched a free, open-source large language model in late December, claiming it was developed in just two...

App’s lower-cost model upends premise for AI spending boom Stocks of chip gear makers ASML and Advantest plunge Chinese startup DeepSeek’s eponymous AI assistant rocketed to the top of Apple Inc.’s iPhone download charts, stirring doubts in Silicon Valley about the...

Manufacturing PMI unexpectedly fell to lowest since August Economists see need for more fiscal stimulus to boost demand China’s economic activity unexpectedly faltered to start the year, breaking the momentum of a recovery sparked by stimulus measures and underlining...

China’s industrial firms saw their profits drop in 2024 for the third consecutive year under deflationary pressures, though an improvement in recent months showed the impact of stimulus measures. Industrial profits at large Chinese companies declined 3.3% last year...

Big Tech profit growth projected to be weakest since Q1 2023 The earnings ‘bar has been raised,’ says Man Numeric’s Taylor Investors are heading into yet another pivotal Big Tech earnings cycle with the companies’ shares near record highs and valuations stretched. A...