Faster, cheaper models from DeepSeek, Moonshot and other Chinese firms let users prioritize AI cost-effectiveness, undercutting US giants.
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In the meantime, its sales rose 24% in the second quarter as search revenue climbed 17% and its AI-boosted cloud biz jumped more than 80%.
Bloomberg reported that the mega AI startup is set to announce that its two agentic tools are now serving around 10 million users.
Both Chinese models were trained without the most expensive chips and are expected to be cheaper and more efficient to operate.
Apple is accusing the ChatGPT developer of stealing trade secrets and hardware designs to bolster its development of an AI-fueled smartphone.
Alibaba’s applying a uniquely Chinese playbook in its efforts to win the world’s AI-ttention, and its flagship model is now number one.
Enterprise customers have begun to doubt the burdensome cost of pay-per-use token consumption and are looking to cheaper models.
Oklo struck a multiyear purchasing agreement with Centrus Energy for a difficult-to-source fuel for its new-age nuclear reactors.
The US government took a 10% stake in Intel last year and the Trump administration has been arguably its best sales advocate.
State Farm is known for its human touch, and a career as a State Farm agent has gained a reputation for fair pay and benefits.
The shares sold in last week’s IPO represented just 5% of its outstanding stock, leaving retail investors clawing for the limited float
Cybersecurity experts are raising concerns that the shutdown of Anthropic’s models could open bigger holes in the US’s digital defenses.
The big money firm is teaming up with Nvidia, Kuwait’s sovereign wealth fund, and Texas energy producer Vistra to build data centers.
Capital expenditures continue to balloon and the company plans to raise another $40 billion through debt and equity financing.
Headlining the list of companies that were added are e-commerce giant Alibaba, search giant Baidu, and BYD, the world’s top EV maker.
Projections of massive growth for X (née Twitter), xAI and Starlink are all central to the lofty SpaceX IPO thesis.