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When Nvidia lost $600 billion in market value in a single day last month, it was because some investors feared for the future of the artificial intelligence chipmaker. DeepSeek, a Chinese start-up, said it had made its A.I. systems with a small fraction of the A.I. chips used by other companies, and at a small…
Almost every day, Grant Lee, a Silicon Valley entrepreneur, hears from investors who try to persuade him to take their money. Some have even sent him and his co-founders personalized gift baskets. Mr. Lee, 41, would normally be flattered. In the past, a fast-growing start-up like Gamma, the artificial intelligence start-up he helped establish in…
Xi Jinping, China’s top leader, met on Monday with a group of corporate chieftains, including the entrepreneur Jack Ma, who was sidelined by the government four years ago, in a show of support for private business at an economically precarious time. The heads of the electronics companies Huawei and Xiaomi, the battery maker CATL and…
Last month, U.S. financial markets tumbled after a Chinese start-up called DeepSeek said it had built one of the world’s most powerful artificial intelligence systems using far fewer computer chips than many experts thought possible. A.I. companies typically train their chatbots using supercomputers packed with 16,000 specialized chips or more. But DeepSeek said it needed…
To many Chinese, DeepSeek’s success is a victory for China’s education system, proof that it equals that of the United States or has even surpassed it. The core team of developers and scientists behind DeepSeek, the Chinese start-up that has jolted the A.I. world, all attended university in China, according to the company’s founder. That’s…
At President Trump’s inauguration, Sam Altman, the chief executive of OpenAI, was relegated to the overflow room while other tech billionaires like Elon Musk and Mark Zuckerberg took prime spots on the dais under the Capitol rotunda. But days earlier, before flying into Washington, Mr. Altman was on the phone with Mr. Trump, preparing an…
Wall Street went into panic mode about two weeks ago after the Chinese start-up DeepSeek released an artificial intelligence system that appeared to be radically more efficient than what its American competitors had built. The investors who had pumped trillions of dollars into tech stocks over the last few years worried whether the tens of…
OpenAI is set to complete a $40 billion fund-raising deal that nearly doubles the high-profile company’s valuation from just four months ago. The new fund-raising round, led by the Japanese conglomerate SoftBank, values OpenAI at $300 billion, according to three people with knowledge of the deal who spoke on the condition of anonymity. The deal…
Amazon saw healthy consumer sales and a pickup in its cloud computing business in its latest quarter, but the company told investors on Thursday to expect slowing growth ahead. Sales from October through December hit $187.8 billion, up 10 percent from a year earlier. Profit rose 88 percent, to $20 billion. Both were roughly in…
Alphabet, Google’s parent company, reported sales that narrowly fell short of Wall Street’s expectations, weighed down by disappointing growth in its cloud-computing division, which sells the company’s artificial intelligence tools to other businesses. The Silicon Valley giant reported revenue of $96.5 billion in its most recent quarter, an increase of 12 percent from a year…
