The FinTech Hub
Source: Live Mint A groundbreaking development by Chinese AI startup DeepSeek has sparked a global frenzy, with many in China celebrating it as a historic milestone that could reshape the future of technology. Dubbed by tech leaders like Marc Andreessen as “AI’s Sputnik moment,” the launch of DeepSeek’s cheaper, open-source artificial intelligence model has turned…
Source: Live Mint In a recent chat with CNBC, Alexandr Wang, CEO of Scale AI, made a striking revelation about DeepSeek’s hardware stash. According to Wang, DeepSeek is in possession of over 50,000 NVIDIA H100 chips, a massive haul that they are unable to openly discuss due to stringent US export controls. Wang explained that,…
Source: Live Mint Chinese AI chatbot DeepSeek has been making headlines worldwide, grabbing attention for its ability to rival Western competitors at a fraction of the cost. But when it comes to certain topics, the bot is not as forthcoming as some might hope. DeepSeek, much like its domestic rival ERNIE Bot, toes the official…
Source: Live Mint DeepSeek R1, the China’s AI model which offers performance on par with OpenAI, is now available on the US search engine startup Perplexity AI and it will support deep web research. “DeepSeek R1 is now available on Perplexity to support deep web research. There’s a new Pro Search reasoning mode selector, along…
Source: Live Mint In a remarkable turn of events, DeepSeek, a Chinese startup founded just over a year ago, has risen to the number one spot on the App Store, outpacing OpenAI’s ChatGPT, expressed Salesforce CEO Marc Benioff taking to X to share his thoughts. “DeepSeek is now #1 on the AppStore, surpassing ChatGPT—no NVIDIA…
Source: Live Mint What exactly is DeepSeek? DeepSeek is a Chinese startup founded in 2023 by Liang Wenfeng, the chief of AI-driven quant hedge fund High-Flyer. The company develops open-source AI models, and its eponymous mobile app surged to the top of the iPhone’s download charts in the US after its release in early January….
Source: Live Mint IT-major Wipro Limited’s Executive Chairman Rishad Premji in an interview with the news portal NDTV at Davos 2025, highlighted how he is leveraging artificial intelligence to reskill the employees to be relevant in the world of automation. “Skilling is important to be able to have talent that’s AI-ready, to be able to…
Source: Live Mint Donald Trump has announced a $500-billion venture called Stargate (the name is inspired by sci-fi) to build AI-focused data centres and other infrastructure in the US. The aim is to lead in AI, create 100,000 jobs, and outpace China. Mint explores the implications for India: What’s Project Stargate all about? It’s a…
Source: Live Mint What is the Stargate Project? Announced on Tuesday, it is a new company that intends to invest $500 billion over the next four years to build new artificial intelligence (AI)-focused data centres across the US. The joint venture among OpenAI, Oracle Corp., SoftBank Group Corp., and MGX, which will begin deploying $100…
Source: Live Mint Aravind Srinivas, CEO of Perplexity AI, has recently stepped up his focus on India’s AI ambitions and has now pledged to invest $1 million and 5 hours a week to help the country achieve greatness in AI. In a post on X (formerly Twitter), Srinivas wrote, “I am ready to invest a…
