Since 2022, the US has progressively expanded the types of chips that cannot be sold to China and the geographical scope of the trade restrictions to cover more countries, in an attempt to slow down China’s application of AI to defence and other strategic industries.
Goldman Sachs has entered into a binding agreement to offload its Russian subsidiary, making it one of the few Western banks to exit the country entirely, Bloomberg reported.
Tesla Inc.’s quarterly results this week drove home the lesson that profit and sales numbers don’t seem to matter much for this stock anymore. Instead, it’s Elon Musk’s narrative that’s wooing investors at the moment.
Less than a week after the new artificial intelligence platform DeepSeek sent investors spiraling in the United States, another AI model has popped up in China, claiming to be even better.
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,
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,