Finance news

Artificial intelligence: Microsoft is considering using the Chinese AI model Deepseek

The US group is a close partner of OpenAI and Anthropic. Now he may soon want to use the Chinese rival for a new AI agent - to reduce costs.

Chinese doctors remove pair of 10cm live worms from woman’s arm after year-long pain

Doctors in southern China had to remove two 10cm-long living worms from the arm of an anguished woman after she reported a big lump. The woman, surnamed Wang, said the lump, which first appeared on her arm a year ago, got bigger and bigger. Eventually, it ballooned to the size of a quail egg. Wang said the sharp pain from the swollen mass prompted her to seek medical treatment at Shenzhen People’s Hospital in Guangdong province, reported Shenzhen TV. Doctors said the two worms taken out of...

Intel shares rally as Trump says company will build chips for Apple in the U.S.

Intel shares jumped in premarket trade on Thursday as President Donald Trump said the foundry will produce chips for Apple in the U.S.

Artificial intelligence: Germany is getting an AI Security Institute – now it has to be designed properly

Having your own AI security institute is a double opportunity for Germany, for its security and for its economy. What is important when building?

Intel rises 9% after Trump says company will partner with Apple on U.S. chip design

The boost continues Intel's recent rally as the chipmaker bounces back from years of headwinds.

High Oil Prices Are Driving an EV Boom in Europe

High oil and fuel prices led to yet another monthly rise in electric car sales in Europe, at a solid 34% on the year, thanks in no small part to the wider availability of cheaper vehicles from China, Reuters reported today, citing data from E-Mobility and New Automotive. Yet, European carmakers are also seeing higher demand for their electric models, with Renault reporting a 50% increase in its EV order book, per Reuters. However, the chief executive of the French major cautioned that this could

As ByteDance spends billions on AI, which Chinese chip start-ups stand to gain?

As Chinese technology giant ByteDance accelerates its shift towards domestic chips for artificial intelligence workloads, a few smaller domestic suppliers stand to benefit – if they can deliver at scale amid a void left by Nvidia due to regulatory hurdles. The Beijing-based owner of TikTok is considering turning to a handful of so-called tier-two chipmakers in China – smaller rivals to Huawei Technologies and Cambricon Technologies – for its cloud infrastructure, according to sources and...

Sports betting- but only betting when getting bonus bets or profit boosts. (Good short term investment strategy?)

Lately I have been seeing crazy bonus bet offers from sport betting companies lately, so as a result I've been putting in a modest amount of money (I think less than 150 so far, so I can claim bonus bets) so far I have broken even but I still have a lot of open bets and I am likely to make a profit since a lot of my bets have been pretty conservative. submitted by /u/ObjectiveCharming735 [link] [comments]

Getting into ETF after big stock gains

Hi, started investing one year ago and grew my stock portfolio to 50k mainly with big tech. Probably over 50% returns this year. I know it’s been a bull market for tech stocks, basically impossible to lose money. But how do I even settle for the common recommendation of an ETF yielding 10% per year, after tasting those nice high returns? Can someone talk some sense into me and tell me I’ll go broke with my entire portfolio made of Nvidia, Google and Amazon? submitted by /u/90towest [link] [comme

Portrait of the Minister of Economic Affairs: Is the new heating law really better, Ms. Reiche?

The Minister of Economic Affairs is confident of the necessary energy reforms. But support for her course is often lost because she is not an easy character. She can be quite charming though.

Chip production: According to Trump, Apple and Intel agree on chip production in the USA

According to the US President, Apple will produce its chips in the USA at Intel in the future. The US government would also be involved.

How DeepSeek’s landmark funding secures Liang Wenfeng’s grip as China’s AI rivalry heats up

Chinese artificial intelligence start-up DeepSeek closed its first-ever external fundraising in an unusual and high-stakes deal that could not only reshape the country’s AI landscape but also offer a rare glimpse into how one of China’s most valuable AI start-ups will navigate its next phase of growth, sources and analysts said. Hangzhou-based DeepSeek now has a post-investment value of about 400 billion yuan (US$59.2 billion) after raising around 50 billion yuan in a Series A round, one source.

Starmer’s future on the line as Britain holds closely watched vote

Keir Starmer is not on the ballot, but the UK prime minister’s future is on the line in a special election on Thursday. Voters in the Makerfield district of northwest England were electing a new lawmaker, and the leading contender is Andy Burnham of the governing Labour Party, the current mayor of Greater Manchester and oddsmakers’ favourite to be the next prime minister. If Burnham defeats a candidate from the anti-immigration party Reform UK and wins the seat for Labour, he is almost certain..

Defense: New fund: half a billion euros for Europe's defense start-ups

The German investor Earlybird is launching a new defense fund together with the financial arm of Axa. It is a rather unusual cooperation for Germany and France.

Artificial intelligence: Google's Gemini vice president switches to competitor OpenAI

Noam Shazeer, key figure behind Google's Gemini, is moving to OpenAI. The developer moved to Google less than two years ago.

Shanghai charts IPO path for cash-hungry AI labs racing against US

The Shanghai Stock Exchange (SSE) has clarified rules for unprofitable artificial intelligence model developers wanting to go public, as China’s large language model (LLM) firms scramble for fresh capital in an intense race with US labs. LLM developers can go public on the Shanghai bourse’s Star Market under a set of listing standards that require them to have an anticipated market cap of at least 4 billion yuan (US$591 million), as well as meeting certain criteria in terms of market potential,.

Marvell to use TSMC's next-gen 1.4-nm chip tech to stay in AI data race

Artificial intelligence: Google's Gemini vice president switches to competitor OpenAI

Gemini lead developer Noam Shazeer leaves Google and joins OpenAI. His departure is seen as a setback for Google's AI ambitions.

Alarm raised over China’s threat to older Americans through drug supply chains

China poses a threat to America’s senior citizens through drug supply chains, financial scams and data privacy, a congressional hearing highlighted on Wednesday, with lawmakers and witnesses framing it as a national security issue. “Fifty years ago, we never would have given the Soviets the kind of leeway we give China: the access they have to our economy and our information, the dependence they enjoy from our supply chains,” said Rick Scott, a Republican senator from Florida, adding that the US

Japan's big banks weigh financing arms makers in break with past

Wacoal taps bra-making tech for car armrests in BASF tie-up

Rumble gets 22,000 Nvidia chips, but the video company’s CEO insists this isn’t a fad-like pivot

Is Rumble’s AI expansion just Allbirds 2.0 — or a move modeled after Elon Musk?

Storage bottlenecks: Apple boss: Price increases are inevitable

The rapid expansion of data centers for artificial intelligence is making memory chips drastically more expensive. Apple managed to keep prices largely stable for a long time - but that is now over.

State of Global Oil Inventories Ruins Iran Peace Optimism

As oil benchmarks crash and Brent slips below $80 per barrel, a growing number of analysts are sounding an alarm: Hormuz may reopen, but oil production in the region would not rebound immediately—and the world’s oil inventories are depleting. Back in May, Carlyle Group’s Jeff Currie warned that by July, parts of the world would face what he dubbed “minimum operational levels” of crude oil supply due to depletion resulting from storage withdrawals to avoid shortages amid the Hormuz crisis. Energy

Defense contractors would be barred from buying back their stock in bill approved by Senate panel

A bill the Senate Armed Services Committee approved would prevent defense contractors from buying back their stock without Pentagon approval.

As China’s ‘check-in culture’ intensifies, it’s time to set some limits

Nobody knew how the tree grew popular online, but for about two months, villagers near Xian, the capital of Shaanxi province, found drones flying over their wheat fields. One video captured a tree in the middle of a farmer’s field, just as the fog was about to dissipate, “like an ink painting”, Beijing News said. Then people began flocking to the area to take photos. It was the only tree in hundreds of acres of wheat field. The tourists called it the “lonely tree” and said that after seeing it,.

Bloomberg Intelligence Podcast - Mandeep Singh’s AI commentary sounds like word salad pretending to be analysis

I’ve been following Mandeep Singh’s AI commentary for a while now, and the more I listen to him, the more it feels like he’s trying to sound smart rather than actually explaining anything clearly. His latest comments on Bloomberg Intelligence are a perfect example. He throws around terms like hyperscaler, frontier LLM, AI compute rental, coding agents, neocloud, leaderboard, token pricing, AI application domain, capex, and higher-margin revenue. All the right buzzwords are there. He knows the wo

Kazakhstan Bets $10 Billion on AI With Nvidia-Backed Data Center Valley

The Kazakh government has inked a $10 billion deal with US chip-making giant Nvidia and an Armenian-American cloud company to develop a 'Data Center Valley' in the country’s northern Pavlodar region. The deal is seen as anchoring a broader effort to turn Kazakhstan into a global digital hub. Kazakhstan recently adopted a development strategy called “Digital Qazaqstan“ to guide the country’s transformation into a cognitive economy through 2029. “Digital Qazaqstan represents a fundamental transiti

Trump sabotages Senate bid to fast-track Clayton as DNI, committee scuttles hearing

Any delay, and continuation of acting DNI Bill Pulte in the role, is likely to endanger the reauthorization of a key U.S. intelligence authority.

CarMax shares fall after used car retailer reports earnings beats, CEO details turnaround plan

Despite the beats, questions remain about the company's ability to grow and cut costs under the plan amid tougher market conditions, including margin pressure.