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Trump and Nvidia CEO discuss DeepSeek, AI chip exports during meeting, source says

February 01 2025 | TW News Correspondent

U.S. President Donald Trump and the CEO of Nvidia (NVDA.O), opens new tab Jensen Huang discussed DeepSeek - the Chinese company whose AI model's performance rocked the tech world - and tightening AI chip exports during their meeting at the White House on Friday, a source with knowledge of the...
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Microsoft, Meta CEOs defend hefty AI spending after DeepSeek stuns tech world

January 30 2025 | TW News Correspondent

Days after Chinese upstart DeepSeek revealed a breakthrough in cheap AI computing that shook the U.S. technology industry, the chief executives of Microsoft and Meta defended mass...
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Microsoft shares slide on dour cloud outlook, Meta rises on revenue beat

January 30 2025 | TW News Correspondent

Microsoft shares (MSFT.O), opens new tab fell 3.5% in premarket trading on Thursday after the company issued a downbeat forecast for its cloud business, while Meta (META.O), opens new tab rose 2.6% after beating quarterly revenue estimates.

The chief executives of Microsoft and Meta defended their hefty investments on artificial intelligence, days after Chinese upstart...
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Why blocking China's DeepSeek from using US AI may be difficult

January 30 2025 | TW News Correspondent

Top White House advisers this week expressed alarm that China's DeepSeek may have benefited from a method that allegedly piggybacks off the advances of US rivals called...
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Meta to pay $25m to settle Trump's 2021 lawsuit over suspended accounts

January 30 2025 | TW News Correspondent

Meta Platforms on Wednesday said it has agreed to pay about $25 million to settle a lawsuit by President Donald Trump over the company's suspension of his accounts after the January 06, 2021, attack at the US Capitol.

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Tesla’s Driverless Debut: Musk Announces Autonomous Ride-Sharing in Austin

January 30 2025 | TW News Correspondent

Tesla CEO Elon Musk has announced that his company will introduce a driverless ride-sharing service in Austin, Texas, starting in June. Speaking on a reporting call on Wednesday, Musk stated that the service will operate using Tesla’s own fleet of vehicles, e...
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DeepSeek’s ‘Sputnik moment’ exposes holes in US chip curbs

January 30 2025 | TW News Correspondent

US export controls on high-tech chips may have inadvertently fuelled the success of start-up DeepSeek’s AI chatbot, sparking fears in Washington there could be little it can do to stop China in the push for global dominance in AI.

The firm, based in the eastern Chinese city of Hangzhou, has stunned investors and industry insiders with its R1 programme, which can match its American com...
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Zuck shrugs off DeepSeek, vows to spend hundreds of billions on AI

January 30 2025 | TW News Correspondent

U.S. markets panicked on Monday over speculation that DeepSeek’s AI models would crush demand for GPUs, with Nvidia’s stock dropping almost 20%.

But Meta isn’t backing off, with its CEO Mark Zuckerberg pledging that the tech g...
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Apple’s holiday-quarter sales likely dented by AI delays, Chinese competition

January 29 2025 | TW News Correspondent

Apple (AAPL.O), opens new tab is expected to report tepid quarterly revenue growth on Thursday as its slow roll-out of artificial intelligence features and tough Chinese competition weighed on iPhone demand during the crucial holiday-shopping season.

The company and its rivals Google and Samsung have been leaning on AI to drive sales of their devices. But Apple's latest iPhone 16 series lacked...
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