This story incorporates reporting from The Financial Times, New York Post, The Australian Financial Review, Business Insider, Business Insider and Bloomberg L.P..SoftBank, the Japanese multinational conglomerate,
Liam Denning is a Bloomberg Opinion columnist covering energy. A former banker, he edited the Wall Street Journal’s Heard on the Street column and wrote the Financial Times’s Lex column.
DeepSeek is causing havoc throughout the AI industry. U.S.-based tech companies that have heavily invested in AI saw their stocks take a tumble this week after the China-based startup released a new AI model on par with OpenAI's latest model, yet much cheaper to train — plus, DeepSeek made it free and open source.
Meta CEO Mark Zuckerberg is said to be eyeing a mansion in Washington, D.C., according to Financial Times. This possible move is seen as a sign of his ambition to work more closely with the Trump administration on key issues like artificial intelligence (AI) regulation.
Asian stocks rose and currencies edged higher as traders digested a rate pause by the Federal Reserve and shifted focus to a pair of central bank speeches taking place in the region.
The DeepSeek drama may have been briefly eclipsed by, you know, everything in Washington (which, if you can believe it, got even crazier Wednesday). But rest assured that over in Silicon Valley, there has been nonstop,
The billionaire Ambani family won the bidding battle for a stake in the Oval Invincibles cricket team in London, after interest from private equity firms and Silicon Valley executives.