Chinese businesses rush to try DeepSeek AI at ‘unprecedented’ scale

Key Points

Eight automakers including BYD, at least nine financial securities companies, three state-owned telecommunications operators and smartphone brand Honor are among the many that have rushed to integrate with DeepSeek in the last week.
“This is quite unprecedented,” Wei Sun, principal analyst of artificial intelligence at Counterpoint Research, said in an email Monday. She pointed to the rate of adoption, scale of business integration and breadth of specific industries covered.
A big factor in the widespread interest is timing, as well as DeepSeek’s open-source availability in China.

Source

Finance

Why electricity prices are surging for U.S. households

June 21, 2025

Key Points Electricity prices for households have risen quickly and are expected to outpace U.S. inflation in coming years, experts said. There are many supply and demand factors at play. Data centers are a major contributor to greater demand for electricity, while the U.S. also has an aging infrastructure for transmission and distribution of power, […]

Finance

Stocks making the biggest moves midday: GXO Logistics, CarMax, Nvidia, Circle & more

June 20, 2025

Check out the companies making the biggest moves midday: GXO Logistics — The stock popped more than 11% after the supply chain and warehousing management firm raised its full-year earnings outlook. The company now sees EBITDA between $860 million and $880 million. GXO also appointed Patrick Kelleher as CEO, effective Aug. 19. CarMax — Shares […]

Finance

Fed Governor Waller says central bank could cut rates as early as July

June 20, 2025

Key Points Fed Governor Christopher Waller said Friday that he doesn’t expect tariffs to boost inflation significantly so policymakers should be looking to lower interest rates as early as next month. “If you’re starting to worry about the downside risk [to the] labor market, move now, don’t wait,” he said. Most Fed policymakers prefer a […]