Posts with tag: nature
DeepSeek, a Chinese startup, has emerged as a formidable force in AI, with a cost-efficient model that rivals tech giants like OpenAI, Google, and Meta. Despite using less advanced hardware, DeepSeek's model has outperformed ChatGPT in downloads, sparking reactions from industry leaders such as Satya Nadella, Marc Andreessen, Pat Gelsinger, and Mark Zuckerberg.
Published on: January 28, 2025, 04:05 PM UTC
Wall Street banks plan to sell Twitter debt as Musk's platform improves and Trump's presidency boosts dealmaking optimism.
Published on: January 28, 2025, 04:04 PM UTC
Chevron, Engine No. 1, and GE Vernova are partnering to build natural gas power plants near U.S. data centers to meet rising energy demands for AI development.
Published on: January 28, 2025, 03:05 PM UTC
GM CEO Mary Barra talks to President Trump about tariffs. GM's EPS guidance assumes a "stable" policy environment and doesn't factor in additional tariffs. Nevertheless, tariffs hang over auto sector stocks, as the auto industry relies heavily on imports from Mexico and Canada. Analysts worry about the potential impact on demand if automakers raise prices to offset tariffs.
Published on: January 28, 2025, 03:02 PM UTC
JPMorgan in talks to lease former Credit Suisse offices in London's Canary Wharf
Published on: January 28, 2025, 02:07 PM UTC
Analysts view DeepSeek's rise as a "tech AI head fake," despite a $1 trillion market cap loss in the tech sector.
Published on: January 28, 2025, 02:06 PM UTC
Sandy Spring Bancorp Inc. (SASR) reports a Q4 loss of $39.5 million, or 87 cents per share. Adjusted for impairments and M&A costs, EPS came in at 47 cents per share. Revenue reached $192.7 million. For the year, the company reported a profit of $19.9 million, or 44 cents per share, and revenue of $406.4 million.
Published on: January 28, 2025, 01:06 PM UTC
Big Tech earnings growth has been a major driver of the bull market, but a recent sell-off sparked by concerns over competition from Chinese AI company DeepSeek has raised questions about whether that growth can continue. Strategists have warned for months that a slowdown in Big Tech earnings was a risk to the market, and the latest sell-off suggests that investors are starting to take those concerns seriously.
Published on: January 28, 2025, 01:02 PM UTC
Nasdaq and S&P 500 futures up; tech sector recovers from Monday's sell-off, buoyed by Nvidia's pre-market gains.
Published on: January 28, 2025, 01:01 PM UTC
Planned Merger of Gol and Azul Airlines Gains Government Support
Published on: January 28, 2025, 12:00 PM UTC