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CNBC Daily Open: The S&P 500’s high is a gift from Trump that can be taken away
U.S. President Donald Trump takes part in a press conference on recent Supreme Court rulings in the briefing room at the White House on June 27, 2025, in Washington, DC, U.S. Joe Raedle | Getty Images News | Getty Images Something I rarely, if ever, say: What a wonderful Monday morning! On Friday stateside, the […]
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CNBC Daily Open: The S&P 500 hits a high — but as Trump gives, so can he take
U.S. President Donald Trump speaks to the media at the White House in Washington D.C., U.S., June 27, 2025. Ken Cedeno | Reuters Something I rarely, if ever, say: What a wonderful Monday morning! On Friday stateside, the S&P 500 broke its previous record. Celebrations were shared with the Nasdaq Composite, which also hit a […]
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China’s biggest public AI drop since DeepSeek, Baidu’s open source Ernie, is about to hit the market
ZHEJIANG, CHINA – MARCH 16 2023: A view of the logo of ERNIE Bot, an AI chatbot service developed by Chinese search engine Baidu. Long Wei | Future Publishing | Getty Images On Monday, Chinese technology giant Baidu plans to make its Ernie generative AI large language model open source, a move by China’s tech […]
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Tesla’s IPO was 15 years ago. The stock is up almost 300-fold since then
CEO of Tesla Motors Elon Musk waves after ringing the opening bell at the NASDAQ market in celebration of his company’s initial public offering in New York June 29, 2010. Brendan McDermid | Reuters At the time of Tesla’s IPO 15 years ago, the company had generated roughly $150 million in revenue in its lifetime. […]
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AI humans in China just proved they are better influencers. It only took a duo 7 hours to rake in more than $7 million
Key Points A Chinese entrepreneur raked in $7.65 million after streaming using an interactive digital avatar. That was more than what he earned from his previous livestream, which he hosted personally. “This is a DeepSeek moment for China’s entire livestreaming and digital human industry,” an analyst said. Source
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Nvidia CEO says this is the decade of robotics and autonomous vehicles
Nvidia CEO Jensen Huang attends a round table discussion at the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris, France, June 11, 2025. Sarah Meyssonnier | Reuters Autonomous vehicles and robotics are going to take off in a big way in the years ahead, according to Nvidia […]
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China’s DeepSeek quietly releases upgraded R1 AI model, ramping up competition with OpenAI
Deepseek’s logo on Jan. 29, 2025. Andrey Rudakov | Bloomberg | Getty Images Chinese startup DeepSeek, which caused shockwaves across markets this year, quietly released an upgraded version of its artificial intelligence reasoning model. The company did not make an official announcement, but the upgrade of DeepSeek R1 was released on AI model repository Hugging […]
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Chinese tech giants reveal how they’re dealing with U.S. chip curbs to stay in the AI race
Niphon | Istock | Getty Images Tencent and Baidu, two of China’s largest technology companies, revealed how they’re keeping in the global artificial intelligence race even as the U.S. tightens some curbs on key semiconductors. The business’ methods include stockpiling chips, making AI models more efficient and even using homegrown semiconductors. While the administration of […]
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Tencent bets on 1.4 billion user WeChat empire to get ahead in China’s AI race
China has not released specific regulation around non-fungible tokens. But technology platforms like Tencent’s WeChat are taking a cautious approach to prevent speculation with NFTs. Sopa Images | Lightrocket | Getty Images Tencent‘s WeChat app is indispensable for people in China. It has 1.4 billion monthly users and is the main messaging service in the […]
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