BANGKOK (Reuters) – Car production in Thailand dropped 17.37% in December from a year earlier to 104,878 units due to lower domestic sales and exports, Federation of Thai Industries said on Tuesday. That followed November’s 28.23% year-on-year fall, and was the 17th straight month that production had contracted. Thailand is Southeast Asia’s biggest autos production …
Thailand car production falls 17.37% y/y in December Read More »
(Reuters) – OpenAI CEO Sam Altman called Chinese startup DeepSeek’s R1 AI model “impressive” on Monday, but emphasized that OpenAI believes greater computing power was key to their own success. DeepSeek, a low-cost Chinese artificial intelligence model, grabbed global attention last month when it stated in a paper that training its DeepSeek-V3 model required less …
OpenAI chief Altman says DeepSeek’s R1 model ‘impressive’ Read More »
By Sinéad Carew, Amanda Cooper, Ankur Banerjee NEW YORK/LONDON/SINGAPORE (Reuters) -Global investors dumped tech stocks on Monday as they worried that the emergence of a low-cost Chinese artificial intelligence model would threaten the dominance of AI leaders like Nvidia, evaporating $593 billion of the chipmaker’s market value, a record one-day loss for any company on …
DeepSeek sparks AI stock selloff; Nvidia posts record market-cap loss Read More »
TOKYO (Reuters) – A leading indicator of Japan’s service-sector inflation hit 2.9% in December as prices rose for a broad range of services such as accommodation and transportation, data showed, keeping alive expectations of further interest rate hikes by the central bank. Service-sector inflation is being closely watched by the Bank of Japan for clues …
Japan’s corporate service inflation hits 2.9%, signals broadening price pressure Read More »
By Stephen Nellis and Karen Freifeld SAN FRANCISCO (Reuters) – Nvidia on Monday said Chinese AI firm DeepSeek’s advances show the usefulness of its chips for the Chinese market and that more of its chips will be needed in the future to meet demand for DeepSeek’s services. Nvidia issued a statement on Monday after its …
Nvidia says DeepSeek advances prove need for more of its chips Read More »
By Davide Barbuscia (Reuters) – A look at the day ahead in Asian markets. The U.S. tech juggernaut suffered a sharp setback on Monday, setting global markets up for a volatile ride this week, with mega-cap earnings on deck, the Fed’s meeting, and lingering uncertainty over U.S. President Donald Trump’s trade policies. U.S. stocks tumbled …
Morning Bid: China’s AI neophyte rocks Wall St ahead of Fed, mega-tech earnings Read More »
(Reuters) -Chinese startup DeepSeek said on Monday it will temporarily limit registrations due to a cyberattack after the company’s AI assistant amassed sudden popularity. The startup earlier in the day was also hit by outages on its website after its AI assistant became the top-rated free application available on Apple’s App Store in the United …
DeepSeek hit by cyberattack as users flock to Chinese AI startup Read More »
By Suzanne McGee (Reuters) -Prices of exchange-traded funds with outsize exposure to Nvidia plunged on Monday in reaction to news that a Chinese startup has launched a powerful new artificial intelligence model. Technology market insiders like venture capitalist Marc Andreessen have labeled the emergence of year-old DeepSeek’s model a “Sputnik moment” for U.S. AI companies, …
(Reuters) – DeepSeek’s new open-source AI model surpassed Stability AI and Microsoft-backed OpenAI’s models in benchmarks for image generation, the Chinese startup said in a technical report on Monday. The company said its Janus-Pro-7B AI model outperformed OpenAI’s DALL-E 3 and Stability AI’s Stable Diffusion in a leaderboard ranking for image generation using text prompts. …
DeepSeek says its Janus Pro AI model beats rivals in image generation Read More »
NEW YORK/LONDON (Reuters) -Technology shares around the world slid on Monday as a surge in popularity of a Chinese discount artificial intelligence model shook investors’ faith in the AI sector’s voracious demand for high-tech chips. Startup DeepSeek has rolled out a free assistant it says uses lower-cost chips and less data, seemingly challenging a widespread …
