World
Scale AI CEO says China has quickly caught the U.S. with the DeepSeek open-source model
The U.S. may have led China in the artificial intelligence race for the past decade, according to Alexandr Wang, CEO of Scale AI, but on Christmas Day, everything changed. Wang, whose company provides training data to key AI players including OpenAI, Google and Meta, said Thursday at the World Economic Forum in Davos that DeepSeek, […]
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From Musk to Nadella: Trump’s $500 billion AI project stirs drama among the biggest names in tech
L-R: Satya Nadella, CEO of Microsoft, Marc Benioff, Chairman and CEO of Salesforce, and Elon Musk, CEO of Tesla and SpaceX. Reuters Some of the biggest names in technology have clashed after President Donald Trump unveiled his $500 billion private AI investment project. Earlier this week, Trump announced a joint venture with OpenAI, Oracle and Softbank to invest billions […]
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New wildfire near Los Angeles explodes to 9,400 acres, forces evacuations
The Hughes Fire burns near the I-5 freeway north of Los Angeles on January 22, 2025 near Castaic, California. Mario Tama | Getty Images A new wildfire that broke out north of Los Angeles on Wednesday rapidly spread to more than 9,400 acres (38 square km), fueled by strong winds and dry brush, forcing mandatory […]
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Can Trump force the hand of NATO allies to spend up to 5% of GDP on defense?
U.S. President Donald Trump attends a meeting with NATO Secretary General Jens Stoltenberg ahead of the NATO summit in Watford, in London, Britain, December 3, 2019. Kevin Lamarque | Reuters As U.S. President Donald Trump looks to immediately fix his greatest political and economic bugbears, the thorny issue of NATO defense spending is likely to […]
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‘Woke’ global left is starting to crumble, Argentina’s Milei says
President of Argentina Javier Milei speaks to lawmakers during the opening session of the Argentine Congress for the period 2024 on March 01, 2024 in Buenos Aires, Argentina. Tomas Cuesta | Getty Images News | Getty Images A “global hegemony” of left-wing politics and ideology is “starting to crumble,” Argentina’s firebrand President Javier Milei told […]
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Stock futures are little changed with S&P 500 on three-day winning streak, near record high: Live updates
Traders work on the floor of the New York Stock Exchange during morning trading on January 22, 2025 in New York City. Michael M. Santiago | Getty Images Stock futures were little changed early Thursday with Wall Street on the verge of new record highs. Futures for the S&P 500 slipped around 0.2%. Dow Jones […]
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Apple and Google’s massive mobile empires face dual UK antitrust probes
Omar Marques | Lightrocket | Getty Images LONDON — Britain’s competition regulator on Thursday launched an investigation into Apple and Google’s huge mobile ecosystems to determine whether the tech titans are in breach of the U.K.’s strict new digital competition rules. The U.K. Competition and Markets Authority said it was opening dual probes into both […]
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NATO chief ‘very happy’ with Trump’s sanctions threat to Russia
Mark Rutte, incoming secretary general of the North Atlantic Treaty Organization (NATO), during a transition ceremony at the NATO headquarters in Brussels, Belgium, on Tuesday, Oct. 1, 2024. Mark Rutte, the affable and meticulous former Dutch premier, has a daunting task ahead to keep the defense alliance a global force. Bloomberg | Bloomberg | Getty […]
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SAP CEO sounds rallying cry for Europe on AI
SAP CEO Christian Klein, pictured in May 16, 2024, says he would support a $500 billion Stargate Europe. Alex Grimm | Getty Images News | Getty Images U.S. President Donald Trump’s recently announced Stargate Project — a $500 billion investment in American AI infrastructure — should be a “wake-up call” for Europe, according to the […]
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China urges state-backed funds to buy more stocks amid market slump, falling bond yields
China’s financial regulators on Thursday unveiled a slew of measures to urge large state-owned mutual funds and insurers to purchase more shares, as Beijing seeks to bolster the faltering stock market. Big state-owned insurance firms are guided to raise the size and proportion of their investment in shares listed on the mainland, and to allocate […]
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