The FinTech Hub
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…
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…
Source: Live Mint The continuing slide of the Indian markets on Monday saw dollar returns of foreign investors all but wiped out since the general election results day low of 4 June. Benchmarks NSE Nifty and BSE Sensex, buffeted by sustained foreign investor selling amid a US tech rout, fell more than 1% each on…
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 In the ever-evolving world of artificial intelligence, a new player has emerged that is sending shockwaves through Silicon Valley and beyond. DeepSeek, a Chinese startup founded just over a year ago, has developed an AI model that is offering startlingly comparable performance to industry giants like OpenAI’s ChatGPT and Google’s Gemini, but…
Source: Live Mint Chinese AI startup DeepSeek has challenged the dominance of top AI companies with its latest large language models, which offer similar performance to the latest offerings from Meta or OpenAI, but at a fraction of the cost. DeepSeek’s free app has also taken over ChatGPT on Apple’s App Store in several regions…
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 Mr Trump’s hosting the next day of the launch of “the largest AI infrastructure project in history” shows he grasps the potential. But so does the rest of the world—and most of all, China. Even as Mr Trump was giving his inaugural oration, a Chinese firm released the latest impressive large language…
