The FinTech Hub
Source: Live Mint US stock indices edged higher on Tuesday after previous session’s sharp losses amid a tech-led selloff. At 11:56 a.m. ET, the Dow Jones Industrial Average rose 64.23 points, or 0.14 per cent, to 44,775.51, the S&P 500 gained 29.71 points, or 0.49 per cent, to 6,041.99 and the Nasdaq Composite gained 240.65…
Source: Live Mint By Sinéad Carew, Medha Singh, Amanda Cooper NEW YORK/BENGALURU/LONDON (Reuters) -Technology shares on Tuesday regained some ground lost and AI chip leader Nvidia rose more than 6% after the previous day’s record-breaking wipeout sparked by a low-cost Chinese artificial intelligence model that threatens the dominance of U.S. rivals. On Monday, Nvidia lost…
Source: Live Mint US stock indices edged higher on Tuesday after previous session’s sharp losses amid a tech-led selloff. As of 10:20 am Eastern time, the S&P 500 was 0.3 per cent higher. The Dow Jones Industrial Average was up 0.3 per cent and the Nasdaq Composite was 0.8 per cent higher. At the opening…
Source: Live Mint US stock indices opened higher on Tuesday after previous session’s sharp losses. At the opening bell, the Dow Jones Industrial Average rose 42.8 points, or 0.10%, to 44,756.36. The S&P 500 rose 14.7 points, or 0.24%, to 6,026.97, while the Nasdaq Composite rose 76.4 points, or 0.39%, to 19,418.219. Nvidia and other…
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 Perplexity AI has announced that Chinese AI startup DeepSeek’s R-1 reasoning model is now available to use for deep web research on its platform. The Aravind Srinivas led company stated that it is increasing the number of uses for both free and paid users as it adds more capacity. “DeepSeek R1 is…
Source: Live Mint US President Donald Trump has reacted to the DeepSeek panic surrounding the US markets calling the Chinese AI app ‘positive’ and a wake up call for the US industry. Speaking to a Republican congressional retreat in Miami, Trump said, “Hopefully, the release of DeepSeek AI from a Chinese company should be a…
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…
