Microsoft, Meta push high-cost AI despite DeepSeek’s low-cost alternative
Microsoft spends $80 billion and Meta $65 billion in AI, but DeepSeek develops its model with $6 million
Toyota tops global sales for fifth year despite a 3.7% decline in 2024
Toyota’s parent-only sales drop 1.4% to 10.2 million, while hybrids account for 40.8%
US Fed expected to hold rate steady despite Trump pressure to cut
WASHINGTON: After three interest rate cuts in a row, the US Federal Reserve is expected to signal it will remain on pause...
DeepSeek falls behind western rivals in NewsGuard audit
Results show an 83% fail rate compared to average 62% fail rate of Western AI chatbots in a NewsGuard audit
Major Gulf markets fall on weak earnings; Al Rajhi Bank lifts Saudi index
Dubai's main index falls by 1%, while Abu Dhabi's falls by 0.3%
X unveils digital wallet with Visa integration
The launch aligns with Musk’s broader plan to transform X into a financial ecosystem, expanding beyond social media
Oil prices decline with higher U.S. inventories and Libya stability
Brent crude futures drop 0.76% to $77.90 a barrel, while U.S. crude futures decline 0.75% to $73.22
TikTok to invest $3.76 billion in Thailand for data hosting service
The investment will support affiliated companies, with operations expected to begin in 2026, say Thailand's BOI
OpenAI seeks U.S. partnership to prevent AI technology leaks
OpenAI’s comments follow the White House’s announcement that it is evaluating national security concerns related to China’s DeepSeek AI
White house investigates China’s DeepSeek AI over national security risks
U.S. officials are assessing the national security risks of China's DeepSeek AI, White House Press Secretary Karoline Leavitt said, as concerns grow...
Nvidia stock rises after DeepSeek AI triggers record drop
Nvidia shares rise 2% in Frankfurt after a 17% drop Monday that erases nearly $600 billion in market value
Biden’s airline fee transparency rule halted by U.S. appeals court
USDOT estimates consumers overpay $543 million annually due to hidden fees, boosting airline revenue
LVMH considers U.S. production boost amid tax uncertainty in France
U.S.-based factories benefit from tax conditions, while France is proposing additional taxes on large companies to address budget shortfalls, says Arnault
Alibaba launches Qwen 2.5 AI model, claims it outperforms DeepSeek-V3
Qwen 2.5-Max outperforms GPT-4o, DeepSeek-V3 and Llama-3.1-405B, Alibaba's cloud unit says on its official WeChat account
Boeing reports 2024 loss of $11.8bn after strike, safety issues
NEW YORK: Boeing reported a hefty fourth-quarter loss Tuesday following a bruising 2024 that included a lengthy labor strike, major safety issues...