U.S. stocks erased over $1 trillion in market value on Monday, driven by a DeepSeek-triggered sell-off. The major shake-up hit global markets on Monday as Chinese AI startup DeepSeek unleashed its R1 model, sending shockwaves through Silicon Valley and wiping out […]
Nvidia praised Chinese AI startup DeepSeek’s new R1 model on Monday, even as Nvidia faced its largest single-day loss in history, losing nearly $600 billion in market value. The launch of R1 triggered a wave of uncertainty among investors, raising […]
Electronic Arts (EA), the video game giant whose soccer simulations have long dominated the genre, has hit an unexpected rough patch. The company’s largest gaming franchise, which rebranded from FIFA to EA Sports FC last year, is experiencing slower-than-anticipated sales […]
While everyone’s focused on DeepSeek’s R1 model, the Chinese AI startup has just unveiled another open-source AI model: Janus-Pro-7B. This multimodal model, capable of generating images, outperforms OpenAI’s DALL-E 3 and Stable Diffusion across the GenEval and DPG-Bench benchmarks. And […]
Chinese AI startup DeepSeek is facing a large-scale cyber attack that has led to the temporary suspension of new user registrations. The move comes after millions of users flocked to the Apple App Store, driving the app to surpass OpenAI’s […]
Nvidia saw a sharp 17.55% drop on Monday, leading a global tech sell-off. This massive plunge hit other U.S. tech stocks as well, with companies like Micron, Arm Holdings, Broadcom, and Advanced Micro Devices all feeling the heat. Nvidia’s market […]
Chinese AI startup DeepSeek has overtaken ChatGPT to become the highest-rated free app on Apple’s App Store in the U.S. This achievement comes just weeks after its January 10 launch, fueled by the growing popularity of the DeepSeek-R1 AI model. […]
Earlier today, we reported that Meta AI has gone into panic mode following the meteoric rise of free open-source DeepSeek, a Chinese AI model that has taken the industry by storm. DeepSeek outperformed leading AI systems, including Meta’s Llama 3.1, […]
Fraud allegations have once again sent shockwaves through the startup world, this time centering on GameOn, a San Francisco-based AI chatbot startup recently valued at $80 million. Federal prosecutors revealed Thursday that Alexander Beckman, the 41-year-old founder and CEO of […]
The U.S. Securities and Exchange Commission (SEC) has officially repealed SAB 121, an accounting rule introduced in 2022 that required banks to classify bitcoin and other cryptocurrencies as liabilities on their balance sheets, according to a public notice posted on […]
Late last year, we reported on a Chinese AI startup that surprised the industry with the launch of DeepSeek, an open-source AI model boasting 685 billion parameters. What made headlines wasn’t just its scale but its performance—it outpaced OpenAI and […]
AI had a busy week, with announcements ranging from OpenAI’s new task-performing agent to Tencent’s advances in 3D design. The pace of innovation in artificial intelligence shows no signs of slowing down, and this week was no exception. Major players like […]
OpenAI on Thursday rolled out two significant updates: ‘Operator’, an AI agent that can perform web-based tasks like buying groceries or managing expense reports, and the o3-mini model, which will now be available to ChatGPT’s free-tier users. In a post […]
Stripe has laid off 300 employees, representing 3.5% of its workforce, with the majority of the cuts affecting roles in key departments including product, engineering, and operations, CNBC reported. Despite the layoffs, the payments giant—valued at around $70 billion in […]
London, England, 23rd January 2025, Chainwire
Private equity firm Everstone has secured a majority stake in Indian SaaS startup Wingify in a deal valued at approximately $200 million, TechCrunch reported, citing three sources familiar with the transaction. The acquisition, finalized earlier this week, highlights Wingify’s remarkable […]
Less than a month after blaming high error rates for API and Sora for ChatGPT outages, OpenAI announced this morning that its AI chatbot app is experiencing an “elevated Error Rate for ChatGPT and API.” ChatGPT has been down for […]
Just a day after dismissing rumors about an imminent launch, The Information reported this evening that OpenAI is moving closer to its goal of artificial general intelligence (AGI) by developing a system capable of performing like a seasoned software engineer. […]
Managing internal knowledge has always been a headache for enterprises. Siloed data, outdated tools, and endless security concerns make it harder for teams to get the answers they need when they need them. That’s where Doti AI comes in, an […]
Meta has invested in data analytics startup Databricks, the company revealed on Wednesday, according to a report from CNBC. This addition to Databricks’ roster of investors underscores the startup’s rapid rise in the AI-driven software industry. The news comes just […]
