Tech Weekly: Cloud Growth Cools, AI Spending Heats Up
The market’s verdict was swift and unforgiving. In the wake of Alphabet’s latest earnings report, shares of the Google parent plummeted, wiping out billions in market capitalization. The reason? Not weak profits, but a combination of slowing growth in its cloud computing division and a staggering $75 billion
Alphabet's Massive AI Investment Raises Concerns Amid Cloud Growth Slowdown
Google CEO Touts Efficiency of Gemini Models over DeepSeek
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Cisco pops on increased full-year revenue forecast
Cisco topped analysts' estimates and lifted its full year guidance due in part to orders for artificial intelligence infrastructure.
SCMP
Can DeepSeek’s Liang Wenfeng stay true to his AI ideals?
While OpenAI CEO Sam Altman’s altruistic vision has turned pragmatic, Liang, whose open-source tech is free to share, has loftier aims for now.
Bloomberg
Sequoia in Talks to Lead Mercury Funding at Over $3 Billion Valuation
The deal is expected to double the financial technology startup’s value.
ARPU
Trump's Tariff Move Hits Shein, Temu Sales
The move by US President Donald Trump to eliminate the duty exemption for small parcels from China has sent shockwaves through the online retail market, significantly impacting sales of two major Chinese companies, Shein and Temu, Bloomberg reports. The two companies, known for their ultra-cheap goods shipped via small parcels,
ARPU
Musk's $97.4 Billion OpenAI Bid Puts Altman in Tough Spot
Elon Musk's $97.4 billion offer to acquire OpenAI's assets has created a significant challenge for Sam Altman, the company's CEO, as reported by The Wall Street Journal. While Musk's offer, backed by a consortium of investors, could be a major boon
SoftBank has defended its participation in the $500 billion Stargate investment program, pushing back against Elon Musk's public skepticism about the project's funding.Speaking at a press conference on Wednesday, Yoshimitsu Goto, SoftBank's chief financial officer, asserted that the company's financial commitment
TechCrunch
OpenAI cancels its o3 AI model in favor of a ‘unified’ next-gen release
OpenAI has effectively canceled o3, which was slated to be its next major AI model release, in favor of what CEO Sam Altman is calling a 'simplified' product offering.
scmp.com
With DeepSeek, China moves to take on Nvidia’s CUDA ecosystem
Chinese chipmakers’ rush to support DeepSeek’s popular AI models is giving a boost to the country’s efforts to cut reliance on US tech.
Reuters
OpenAI plans to simplify AI products in new road map for latest models, CEO Altman says
OpenAI will not release "o3" as a standalone artificial intelligence model, as the ChatGPT maker looks to simplify its products, CEO Sam Altman said on Wednesday.
scmp.com
OpenAI keen ‘to work with China’, CEO Sam Altman says, as DeepSeek rattles tech market
Altman’s about-face from OpenAI’s tough stance on China reflects how Hangzhou-based start-up DeepSeek upended the global AI industry.
CNBC
SoftBank posts surprise loss of $2.4 billion in third quarter as Vision Fund investments go into red
SoftBank Group posted a surprise quarterly loss Wednesday and the Japanese company's revenue also missed analysts' estimates.
SiliconANGLE
Nvidia reveals how its AI platform enhances real-time cyberthreat detection
Armis is integrating Nvidia’s AI into its Centrix cyber exposure management platform to protect industries like energy, manufacturing and healthcare. CrowdStrike is deploying its Falcon security agent ...
Reuters
OpenAI's board has not received Musk's takeover bid, source says - Reuters
OpenAI's board has not received Musk's takeover bid, source says Reuters
Reuters.com
Baidu to release next-generation AI model this year, source says - Reuters.com
Baidu to release next-generation AI model this year, source says Reuters.com
NPR
Elon Musk's DOGE takes aim at agency that had plans of regulating X
Musk and other Silicon Valley executives have long railed against the Consumer Financial Protection Bureau for its work overseeing the tech industry. Now, Musk hopes to eliminate the agency.
Reuters
Shein’s IPO haste implies an ill-fitting outcome
Listing a company’s shares is a delicate art. Bankers try to find the perfect time to tap the market, and sell a vision of the company’s future that convinces potential shareholders their investment ...
PYMNTS.com
Apple Reportedly Links With Alibaba for Chinese AI Rollout - PYMNTS.com
Apple Reportedly Links With Alibaba for Chinese AI Rollout PYMNTS.com
scmp.com
Temu, Shein sales fall in week after Trump scrapped duty exemption, hitting China trade
Shein’s US sales fell 16 per cent to 41 per cent for five days from February 5 while Temu’s fell as much as 32 per cent.
VentureBeat
Anthropic CEO Dario Amodei warns: AI will match ‘country of geniuses’ by 2026
Anthropic CEO Dario Amodei warns AI will reach genius-level capabilities by 2026, calling Paris Summit a "missed opportunity" as U.S. and European leaders clash over regulation of rapidly advancing ...
The Verge
Thomson Reuters wins an early court battle over AI, copyright, and fair use - The Verge
Thomson Reuters wins an early court battle over AI, copyright, and fair use The Verge
SCMP
Alibaba pairs with Apple to develop AI features for China iPhones: sources
The US tech giant wants Alibaba’s Qwen AI model to make up for loss of Apple Intelligence on its iPhones in China.
scmp.com
Alibaba’s AI deal with Apple lifts Hong Kong shares by most in over 4 months
The deal, which leverages Alibaba’s Qwen AI model, could boost iPhone sales in China and solidify Alibaba’s position as a leading AI player.
CNBC
Anduril to take over Microsoft's $22 billion U.S. Army headset program
Anduril Industries will take control of Microsoft's multibillion-dollar augmented reality headset program for the U.S. Army.
Euronews
European start-ups confident AI race not lost to the US and China - Euronews
European start-ups confident AI race not lost to the US and China Euronews
Time
Safety Takes A Backseat At Paris AI Summit, As U.S. Pushes for Less Regulation
At the Paris AI Action Summit, safety concerns took a backseat to optimism as world leaders backed artificial intelligence.
This is an audio transcript of the FT News Briefing podcast episode: ‘Elon Musk gatecrashes OpenAI restructuring’ Marc Filippino Good morning from the Financial Times. Today i ...
Reuters
Thomson Reuters wins AI copyright 'fair use' ruling against one-time competitor - Reuters
Thomson Reuters wins AI copyright 'fair use' ruling against one-time competitor Reuters
BBC.com
Sam Altman says OpenAI not for sale after Elon Musk-led $97bn bid - BBC.com
Sam Altman says OpenAI not for sale after Elon Musk-led $97bn bid BBC.com
The Hill
‘Significant inaccuracies’ found in AI-generated news summaries: BBC - The Hill
‘Significant inaccuracies’ found in AI-generated news summaries: BBC The Hill
Reuters
Apple teams up with Alibaba to bring AI features for iPhones in China, The Information reports - Reuters
Apple teams up with Alibaba to bring AI features for iPhones in China, The Information reports Reuters
Tech Weekly: Cloud Growth Cools, AI Spending Heats Up
The market’s verdict was swift and unforgiving. In the wake of Alphabet’s latest earnings report, shares of the Google parent plummeted, wiping out billions in market capitalization. The reason? Not weak profits, but a combination of slowing growth in its cloud computing division and a staggering $75 billion
It started with a jolt. Earliest this week, the release of DeepSeek’s latest AI model triggered a $1 trillion selloff in tech stocks, as investors confronted an uncomfortable truth: Silicon Valley’s dominance in artificial intelligence is not unshakable.
This wasn’t a reaction to war, recession, or regulatory
TikTok Ban Looms
TikTok is one step closer to a potential nationwide ban in the United States, setting the stage for a high-stakes legal and political battle.
In April, President Joe Biden signed bipartisan legislation that could effectively shut down the social media app in the U.S. unless its Chinese parent company,
Google Search Under Siege
Google is synonymous with searching the internet. But these days, the search giant's throne is feeling a little less secure. A report from the Wall Street Journal suggests that several big trends are converging to challenge Google's dominance, and the future of online search might look