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Tesla shares dropped 6% as BYD partnered with DeepSeek on autonomous tech, intensifying competition. Meanwhile, Musk’s bid for OpenAI and political ties raise concerns about distractions from Tesla’s core business.
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DeepSeek’s AI model is hailed as China’s best, but Google DeepMind CEO Demis Hassabis argues the hype is exaggerated, citing no groundbreaking advancements despite its cost-efficient training on less-advanced Nvidia chips.
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Gold prices have surged to record highs in early 2025, fueled by investor demand amid geopolitical and trade uncertainty under President Donald Trump. With ING predicting gold will hit $3,000 an ounce this quarter, we explore the factors driving this rally and what it means for the global economy.
Business news
Tesla's sales in China dropped 11.5% in January as competition from local EV makers like BYD surged. With price cuts and new strategies, Tesla fights to retain its market position.
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Tesla's profits surged 34%, driven by nearly $600 million in Bitcoin gains following an accounting rule change. The company marked its Bitcoin holdings to market, boosting net income to $2.3 billion.
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Canada is prepared to take the "single largest trade blow" against the U.S. if Donald Trump imposes tariffs on Canadian imports. Minister Anita Anand warns of severe retaliatory measures to protect industries.
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Donald Trump unveils a $20 billion investment plan led by Emirati billionaire Hussain Sajwani to build new data centers across the U.S., potentially doubling the investment amount.
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Samsung's 2025 outlook hinges on its collaboration with Nvidia, as the South Korean tech giant aims to recover from a $162-billion stock wipeout in 2024. Nvidia CEO Jensen Huang’s optimistic comments have rekindled investor confidence despite challenges in AI-driven memory technology.
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Sheikh Mohammed bin Rashid Al Maktoum, Ruler of Dubai, welcomed 15,000 global content creators at the 1Billion Followers Summit, pledging sustainable growth for the content industry while fostering creativity and innovation.
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NMDC Energy secures a $1.136 billion contract for a subsea gas pipeline project in Taiwan, marking a pivotal step in supporting Taiwan’s energy transition and NMDC's global leadership in sustainable energy solutions.
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Talabat Holding debuts on the Dubai Financial Market (DFM) following a $2 billion IPO, marking a milestone for the company, though shares fell 7% on the first trading day.
Business news
Nvidia’s market value skyrocketed to $2 trillion in 2024, marking a historic milestone. This surge was driven by the explosive growth of AI and unprecedented demand for Nvidia’s AI-focused chips.