I managed to catch Sam Altman today. How seriously is he taking the Musk OpenAI bid? “Not particularly”.
His response to why Musk is making a bid? “To slow down a competitor”
https://t.co/9wxXXHqP2y
“Despite the hype, there’s no actual new scientific advance … it’s using known techniques [in AI]"
Google DeepMind CEO Demis Hassabis on #Deepseek. Says it is the "best work I’ve seen come out of China" but the hype is "exaggerated" https://t.co/q8ZTzQ2WCq
ASML shares jump 11% as surge in orders defies fears of DeepSeek hitting AI chip demand. The CEO tells CNBC the group is not hearing from customers regarding an impact from DeepSeek https://t.co/uFcYap7Xlj
#ASML, one of the most crucial chip equipment suppliers, reported record revenue for 2024. After #DeepSeek chaos and as the market questions whether the AI spending story is still in place, ASML results suggest demand for AI capex is still strong. Here’s why:
Investors are waiting to see whether the DeepSeek-sparked sell-off will continue for a second day, after concern over the impact of its latest AI model slashed a chunk from Nvidia's market cap larger than the economy of Sweden.
Check out all the latest on our live market blog: https://t.co/bcZfdFdxw6
Lot of focus today on DeepSeek. I wrote last year about the advances Chinese companies are making with their AI models, focusing on efficiency and open source (to help them go global and boost innovation) https://t.co/F13LgNzZNB
European equities look set to track their global counterparts higher after President Trump takes aim at the Federal Reserve, calling for borrowing costs to be swiftly lowered - claiming he knows more about interest rates than Jerome Powell.
Check out all the latest on our live market blog: https://t.co/0YYa2bExUu
Lloyds Bank CEO Charlie Nunn says he expects three rate cuts from the Bank of England this year.
Check out all the latest from Davos on our live blog https://t.co/tTCuRxtFHm
Keir Starmer prepares to enter Downing Street with his Labour Party securing a landslide, on track for the largest majority for any party since 1997. @ArabileG counts down to Starmer's speech later this morning.