Short sellers of AI-related stocks raked in bumper profits after the smashing debut of low-cost AI models from China’s DeepSeek spooked Wall Street.
Read More Nvidia short bets rake in over $6 billion in profits after DeepSeek panic
Category: Tech
What is DeepSeek and why is it disrupting the AI sector?
Chinese startup DeepSeek’s launch of its latest AI models is threatening to upset the technology world order.
Read More What is DeepSeek and why is it disrupting the AI sector?
Meta to spend up to $65 bln this year to power AI goals, Zuckerberg says
Meta Platforms plans to spend between $60 billion and $65 billion this year to build out AI infrastructure.
Read More Meta to spend up to $65 bln this year to power AI goals, Zuckerberg says
PayPal fined by New York for cybersecurity failures
PayPal will pay a $2 million civil fine over cybersecurity failures that led to the exposure of customers’ Social Security numbers in late 2022.
Read More PayPal fined by New York for cybersecurity failures
Netflix shares hit record as subscriber growth defies odds once again
Shares of Netflix soared 13% to an all-time high after the streaming giant’s big bet on sports helped add a record 18.9 million subscribers in the holiday quarter.
Read More Netflix shares hit record as subscriber growth defies odds once again
TikTok app unavailable on Apple, Google stores in US despite Trump delaying ban
TikTok remained unavailable on Apple and Google app stores in the U.S., a day after President Donald Trump signed an executive order delaying the ban by 75 days.
Read More TikTok app unavailable on Apple, Google stores in US despite Trump delaying ban