China’s Zhipu AI raises over 1 billion yuan as AI competition heats up
The investment comes as DeepSeek gains traction with open-source AI models challenging Western rivals at lower costs
Singapore probes Nvidia chip shipments to Malaysia as U.S. tightens export controls
The probe follows reports of arrests linked to the alleged procurement and shipment of these chips in violation of U.S. sanctions
UK watchdog investigates TikTok, Reddit, and Imgur over child privacy
The probe will assess TikTok’s use of personal data from users aged 13 to 17 and evaluate Reddit and Imgur’s age verification processes
U.S. Treasury will not enforce anti-money laundering law for domestic firms
The Treasury says the move supports US taxpayers and small businesses and plans to narrow the act to foreign reporting companies
China’s Honor announces $10 billion AI investment over five years
China’s local governments and businesses, including home appliance makers, are integrating AI or expanding their research efforts
Crypto prices surge as Trump names five digital assets for US strategic reserve
US president vows to make America the "Crypto Capital"; includes BTC, ETH, XRP, SOL, and ADA in strategic reserve plan
Prince Andrew’s business network sale in doubt, no agreement signed
Prince Andrew’s finances remain under scrutiny, with questions about his ability to cover Royal Lodge costs
OpenAI partners with Chip Ganassi Racing in first motorsports collaboration
The partnership aims to integrate OpenAI’s AI technology into Ganassi’s operations, boosting on-track performance and front-office efficiency
End of an era: Microsoft to discontinue Skype in May after 21 years
The rise of Teams, Zoom, and other collaboration tools during the COVID-19 pandemic accelerated Skype’s decline
DeepSeek claims 545% daily cost-profit ratio for V3 and R1 models
However, the company cautions that actual revenue is significantly lower due to its pricing structure and limited monetization
IMF approves Sri Lanka’s bailout review, unlocking $334 million
The approval follows Sri Lanka’s adherence to IMF fiscal targets in Dissanayake’s first full-year budget, which sets a 2.3% GDP surplus for 2025
Trump-Zelenskiy clash leaves Ukraine’s lithium deal unsigned
Trump sees the deal as reimbursement, but Zelenskiy warns that investors need security guarantees
What happens if US leaves IMF and World Bank?
Alarm is rising over Washington's potential withdrawal from global institutions, including the International Monetary Fund and the World Bank, with the no-show...
Bitcoin falls below $80,000 first time since November
Bitcoin sank below $80,000 on Friday for the first time in more than three months as a sell-off in the cryptocurrency sector...
Citigroup mistakenly credits customer account $81 trillion: report
Transfer of $81 trillion instead of $280 went unnoticed by two employees but was detected by a third employee 90 minutes later