Technology
DeepSeek has informed potential investors in its second fundraising round that it is pausing the deal for the time being, according to sources. This announcement comes just days after remarks, largely credited to founder Liang Wenfeng, regarding the competition between
For several months, Chinese chip manufacturer ChangXin Memory Technologies has been increasing prices for Huawei, one of the largest technology companies in the country. The chipmaker maintained its position when Huawei sought relief from the rising costs, according to sources.
The competition to lead in artificial intelligence is presenting a fresh financial hurdle for several of the largest technology firms globally. A study estimates that the combined off-balance-sheet, or “hidden”, debt of Alphabet, Microsoft, Amazon, Meta, and Oracle has surged
Chinese startup Moonshot AI has temporarily halted new subscriptions following a surge in demand for its recently launched Kimi K3 model, which has created a capacity bottleneck. This development occurs as the company pursues additional funding and gears up for
DeepSeek wants $74 bn cash before onshore IPO
Chinese AI startup DeepSeek is preparing to initiate a new fundraising round, targeting a valuation of approximately 500 billion yuan ahead of a possible initial public offering on the mainland, according to sources. The plan emerges shortly after the Hangzhou-based
The Trump administration is contemplating the establishment of an independent regulator tasked with evaluating the safety of artificial intelligence models, incorporating insights from industry stakeholders. This consideration follows grievances from Silicon Valley executives regarding the haphazard approach of recent US
Meta has retracted Muse Image, an artificial intelligence feature that enabled users to create images utilising public Instagram accounts, merely days following its launch. The company retracted the feature following backlash from creators, privacy advocates, actors’ groups, and users, who
OpenAI has requested a judicial determination that the lawsuit initiated by xAI Corp., which alleges trade secret theft against the ChatGPT developer, “should never have been filed.” The company is also seeking to recover over $1 million in legal costs
Apple has initiated legal proceedings against OpenAI in a federal court in California, alleging that the artificial intelligence firm has engaged in a systematic effort to acquire proprietary information from Apple as it develops its own consumer hardware enterprise. The
Meta announced on Friday the cessation of an AI feature introduced earlier this week, which enabled users to create images utilising public Instagram accounts. This decision follows extensive criticism regarding privacy issues, notably from a Hollywood union. “Our intent was
