Month: February 2025
DeepSeek’s breakthrough emboldens open-source AI models like Meta’s Llama
Omer Taha Cetin | Anadolu | Getty Images DeepSeek’s powerful new artificial intelligence model isn’t just a win for China — it’s a victory for open-source versions of the tech from the likes of Meta, Databricks, Mistral and Hugging Face, according to industry experts who spoke with CNBC. Last month, DeepSeek released R1, an open-source reasoning […]
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Swiss giant UBS posts $770 million in net profit, launches $1 billion share buyback in first half
Fabrice Coffrini | Afp | Getty Images Swiss banking giant UBS on Tuesday posted $770 million in fourth-quarter net profit, launching a $1 billion share buyback program in the first half of 2025. The net profit figure compares with a mean forecast of $886.4 million in a LSEG poll of analysts and with a $483 […]
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China to levy additional tariffs of up to 15% on select U.S. imports starting Feb. 10
Jakub Porzycki | Nurphoto | Getty Images China’s finance ministry said Tuesday it will impose additional tariffs of 15% on coal and liquified natural gas imports from the U.S. and 10% higher duties on crude oil, farm equipment and certain cars, starting Feb. 10. The tariffs announcement comes as the additional blanket 10% U.S. tariffs […]
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Trump tariffs could create a new challenge for Chinese policymakers: A growth rate below 5%
A cargo ship loaded with containers berths at Qingdao port in eastern China’s Shandong province on Dec. 4, 2024. Stringer | Afp | Getty Images The imminent U.S. tariffs are likely to deal a significant blow to China’s already-faltering economy, reinforcing calls for more forceful stimulus measures to bolster the country’s growth. U.S. President Donald […]
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Asia tech stocks rise after Trump pauses tariffs on China and Mexico
Meituan Dianping application icons are displayed on an Apple Inc. iPhone in Hong Kong, China, on Friday, March 23, 2018. Justin Chin | Bloomberg | Getty Images Asian tech stocks rose Tuesday, following news that U.S. president Donald Trump had paused tariffs on Mexico for a month, while also postponing tariffs on Canadian exports. Gains […]
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OpenAI, Kakao to jointly develop AI products for South Korea
Open AI CEO Sam Altman (R) and Kakao CEO Chung Shin-a (L) pose for photos during a press conference at a hotel in Seoul on February 4, 2024. (Photo by Jung Yeon-je / AFP) (Photo by JUNG YEON-JE/AFP via Getty Images) Jung Yeon-je | Afp | Getty Images ChatGPT creator OpenAI and South Korea’s dominant chat app operator Kakao said on […]
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India’s Modi invited to meet with Trump next week, White House official says
Narendra Modi, India’s prime minister, left, and U.S President Donald Trump, arrive for a news conference at Hyderabad House in New Delhi, India, on Tuesday, Feb. 25, 2020. T. Narayan | Bloomberg | Getty Images U.S. President Donald Trump has invited Indian Prime Minister Narendra Modi to visit the White House next week, a White House official said, hours after a U.S. military plane departed to return deported migrants to the […]
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Asia-Pacific markets jump as Trump pauses tariffs on Canada and Mexico
Tokyo Tower, Tokyo’s famous landmark, rises high above the skyscrapers in Azabu, Roppongi and Toranomon districts. A tilt-shift lens was used in order to obtain a miniature effect. Krzysztof Baranowski | Moment | Getty Images Asia-Pacific markets rose Tuesday after Donald Trump paused tariffs on Mexico for a month, while Canada also said the U.S. president […]
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CNBC Daily Open: Trump pauses tariffs but markets are still wary
Cars queue to cross into the U.S. from Canada, at the border between the two countries, in Surrey, British Columbia, Canada Feb. 3, 2025. Chris Helgren | Reuters This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no […]
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Senate confirms fracking executive Chris Wright as Trump’s energy secretary
US engineer and businessman Chris Wright arrives to testify before a US Senate Energy and Natural Resources Committee hearing on his nomination to be Secretary of Energy, on Capitol Hill in Washington, DC, on January 15, 2025. Ting Shen | Afp | Getty Images The U.S. Senate on Monday confirmed Chris Wright, a fracking executive, […]
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