The FinTech Hub
Source: Live Mint India is stepping up its game in artificial intelligence, with the government pushing an ambitious plan to develop homegrown AI models within the next ten months. The Modi administration has greenlit 18 proposals, offering support in the form of computing power, data, and funding to drive AI solutions in areas like agriculture…
Source: Live Mint NEW YORK, Jan 29 (Reuters) – Investment firm D.E. Shaw has built a position in Riot Platforms and may push it to make changes, two sources familiar with the matter said, making it the second activist shareholder to do so at the cryptocurrency mining company. Reuters could not determine the size of…
Source: Live Mint Big Tech firms, Microsoft Corp and OpenAI, are now investigating whether or not data output from OpenAI’s technology was obtained in an unauthorized way by a group linked to the Chinese startup DeepSeek, reported the news agency Bloomberg according to people aware of the development. According to the agency report citing the…
Source: Live Mint The Chinese artificial intelligence app, DeepSeek, has been temporarily removed from the Apple and Google app stores in Italy, following a request from the country’s data protection authority for more information regarding its handling of personal data. The app’s removal, which occurred on Wednesday, came just a day after the Italian regulator,…
Source: Live Mint The race for AI supremacy is intensifying as three major players—Alibaba Cloud’s Qwen, the Chinese startup DeepSeek, and OpenAI’s ChatGPT—battle for dominance in the ever-evolving landscape of artificial intelligence. Each is pushing the boundaries of performance, efficiency, and cost, but in different ways that could shape the future of AI technology and…
Source: Live Mint LONDON, Jan 29 (Reuters) – Hedge fund stock-pickers lost billions of dollars on Monday in a rout in global technology shares sparked by the emergence of a low-cost Chinese artificial intelligence model, according to a Goldman Sachs trading update and industry figures on Tuesday. Hedge funds that pick stocks based on company…
Source: Live Mint The government of Maharashtra is gearing up to host the biggest AI event in Asia, Mumbai Tech Week (MTW) 2025, in partnership with the Tech Entrepreneurs Association of Mumbai (TEAM). Scheduled from 24 February to 1 March 2025, the event aims to strengthen Mumbai’s position as a growing hub for artificial intelligence…
Source: Live Mint Human rights activists and international experts have sharply criticised China’s newly developed AI platform, DeepSeek, amid concerns that it facilitates state propaganda, suppresses sensitive discussions, and collects personal data. Marketed as a significant technological breakthrough, the platform has drawn scrutiny over ethical and security risks, with campaigners warning of its potential to…
Source: Live Mint Wall Street stocks declined sharply on Monday, as the surging popularity of a low-cost Chinese artificial intelligence model sparked a selloff in chip giant Nvidia and other Big Tech companies. Nvidia stock crashed over 17 per cent. Among the Big Tech stocks, Microsoft, Meta Platforms and Google-parent Alphabet lost between 2.2 per…
Source: Live Mint DeepSeek’s AI model surpasses ChatGPT downloads on Apple’s app store Leveraged ETFs with Nvidia exposure experience significant losses and volatility Market adjusts to AI competition, impacting institutional and retail investors Investors had been sellers of leveraged Nvidia ETFs prior to Monday Jan 27 (Reuters) – Prices of exchange-traded funds with outsize exposure…
