Month: July 2025
China’s Huawei open-sources AI models as it seeks adoption across the global AI market
In recent years, the company has transformed from a competent private sector telecommunications firm into a “muscular technology juggernaut straddling the entire AI hardware and software stack,” said Paul Triolo, partner and senior vice president for China at advisory firm DGA-Albright Stonebridge Group. Ramon Costa | SOPA Images | Lightrocket | Getty Images Huawei has […]
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European Central Bank’s latest rate cycle is ‘done,’ chief economist says
The European Central Bank’s latest period of monetary policy interventions to bring inflation in check is “done,” the institution’s chief economist Philip Lane told CNBC on Tuesday. “We do think the last cycle is done, bringing inflation down from the peak of 10[%], back to 2%, that element is over, but on a forward-looking basis […]
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CNBC Daily Open: Keeping a cool head paid off for investors
Britain’s Prime Minister Keir Starmer speaks with US President Donald Trump as they attend the North Atlantic Council plenary meeting at the North Atlantic Treaty Organisation summit in The Hague, Netherlands, on June 25, 2025. Ludovic Marin | Via Reuters What a first half of the year it has been. In the first six months, […]
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As nations build ‘sovereign AI,’ open-source models and cloud computing can help, experts say
Digital illustration of a glowing world map with “AI” text across multiple continents, representing the global presence and integration of artificial intelligence. Fotograzia | Moment | Getty Images As artificial intelligence becomes more democratized, it is important for emerging economies to build their own “sovereign AI,” panelists told CNBC’s East Tech West conference in Bangkok, […]
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China’s June factory activity unexpectedly expands, private survey shows
HANGZHOU, CHINA – JUNE 30, 2025 – A worker is working in the production workshop of a steel structure factory in Hangzhou City, Zhejiang Province, China on June 30, 2025. CFOTO | Future Publishing | Getty Images China’s factory activity unexpectedly returned to growth among export-oriented manufacturers in June, a private survey showed Tuesday, as […]
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Apple weighs using Anthropic or OpenAI to power Siri in major reversal, Bloomberg News reports
An Apple logo is displayed on a smartphone with stock market values in the background. SOPA Images | LightRocket | Getty Images Apple is weighing using artificial intelligence technology from Anthropic or OpenAI to power a new version of Siri, instead of its own in-house models, Bloomberg News reported on Monday. Shares of the iPhone maker, which had traded down earlier in the session, closed […]
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CNBC Daily Open: Keep calm and carry on, investors
What a first half of the year it has been. In the first six months, the world saw a (not so) new U.S. president in the Oval Office, said president upend the global trade landscape, and a president in South Korea removed from office. Conflicts also broke out between India and Pakistan, as well as […]
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Asia-Pacific markets poised for cautious open as investors assess gains on Wall Street and Trump’s tariff plans
Shanghai Bund skyline panorama Yangna | E+ | Getty Images Asia-Pacific markets are set to have a cautious open Tuesday, with investors assessing the record gains on Wall Street and the global impact of U.S. President Donald Trump’s tariff policies as his 90-day tariff reprieve is set to expire next week. U.S. Treasury Secretary Scott Bessent said […]
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Amazon CEO Jassy says AI will lead to ‘fewer people doing some of the jobs’ that get automated
Amazon CEO Andy Jassy said the rapid rollout of generative artificial intelligence means the company will one day require fewer employees to do some of the work that computers can handle. “Like with every technical transformation, there will be fewer people doing some of the jobs that the technology actually starts to automate,” Jassy told […]
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