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China’s DeepSeek that wiped billions from US stock market in January 2025, sends New Year’s message to American companies

Chinese AI firm DeepSeek unveiled a groundbreaking training method, “Manifold-Constrained Hyper-Connections,” potentially slashing AI development costs. This innovation challenges the notion that advanced AI necessitates massive computing power, following their previous success with the R1 model. The breakthrough intensifies industry debates on scaling AI, with expectations high for DeepSeek’s next model release. Chinese AI startup…

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Google ex-CEO Eric Schmidt: What I did my whole early life is wiped off by…

Former Google CEO Eric Schmidt believes AI’s rapid advancement, already handling 10-20% of programming tasks, signals the end of traditional coding careers. He sees AI’s true economic power in automating corporate functions like billing and accounting, not just coding. Schmidt also predicts Artificial General Intelligence by 2029, urging human oversight to preserve agency. Former Google…

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Google Cloud chief Thomas Kurian just supported what Nvidia said after Google TPU news wiped billions from its market value

Google Cloud CEO Thomas Kurian has publicly pushed back against the narrative of a “chip war”, wherein custom AI chips like Google’s Tensor Processing Units (TPUs) are seen as a threat to Nvidia’s dominance. Kurian’s comments have come about a month after a turbulent week where news of Facebook-parent company partnering with Google to train…

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Nvidia responds to report claiming China’s DeepSeek that wiped billions from US stock market in January 2025, is using ‘banned’ Nvidia chips

Nvidia has now pushed back against a report claiming that Chinese AI startup DeepSeek, whose breakthrough earlier this year rattled US markets, is secretly using its restricted Blackwell AI chips. Recently, a report published by The Information alleged that DeepSeek has acquired smuggled Blackwell GPUs which the company is using to train its upcoming AI…

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PhysicsWallah stock slide: Shares sink for third day as Rs 8,600 crore wiped out since debut – what’s next

PhysicsWallah’s sharp post-listing rally has reversed just as quickly, with the stock falling for the third straight session and wiping out significant investor wealth. Shares skidded over 9% to Rs 130.65 on the BSE on Thursday, dragging the company’s market capitalisation below Rs 37,700 crore and erasing nearly Rs 8,609 crore since listing.The edtech firm…

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Bitcoin crash! Cryptocurrency dives below $90,000 for first time in 7 months; $1.2 trillion wiped out in market rout

Bitcoin slipped below the $90,000 mark for the first time in seven months on Tuesday, signalling a sharp retreat in risk appetite across global markets. The world’s biggest cryptocurrency, which touched a record high above $126,000 in October, has now surrendered all its gains for 2025 and is down nearly 30 per cent from its…

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Mecca–Medina accident: 3 generations wiped out as 18 from one family killed in bus inferno | Hyderabad News

HYDERABAD: A home that days ago was buzzing with laughter and last-minute packing now sits bolted and cold. The hum has dimmed from a familiar address in city’s Vidyanagar. Rooms that held three generations of the Shaik family remain frozen in a journey they never completed. Thousands of miles away in Saudi Arabia, 18 members…

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‘Rahul’s dukaan will be shut’: Amit Shah attacks Congress-RJD; says INDIA bloc will be wiped out in Bihar | India News

NEW DELHI: Union home minister Amit Shah on Saturday took a swipe at Congress leader Rahul Gandhi, saying his “dukaan” (shop) will soon shut in Bihar. “Rahul Gandhi’s ‘dukaan’ will be shut in Bihar as the INDIA bloc will be wiped out in the polls. NDA will form the government by securing 160 seats in…

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