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US Economy Slows in Q4: Robust Spending Keeps Rate Cut Hopes Alive The US economy experienced a slowdown in the fourth quarter of 2024, with gross domestic product (GDP) increasing at a 2.3% annualized rate. This marked a deceleration from the 3.1% growth pace seen in the July-September period. Despite the cooling down from earlier … Read more
A recent analysis by Bernstein has sparked a debate over the true cost of developing AI models, specifically targeting the claim made by DeepSeek, an AI firm known for creating cutting-edge language models. DeepSeek, which has positioned itself as a serious contender to OpenAI, recently stated that it built its advanced models for just $5 … Read more
Lenskart Set to Raise $1 Billion in IPO, Tapping Leading Banks for Launch Lenskart, the Indian eyewear giant backed by SoftBank, is preparing for a major step in its growth journey by planning a potential initial public offering (IPO) worth up to $1 billion. The company has reportedly reached out to key arrangers such as … Read more
Elon Musk’s Department of Government Efficiency (DOGE) will not operate out of the Oval Office, as many had speculated. Instead, President Donald Trump clarified that the team will be based in the nearby Eisenhower Executive Office Building, not in the West Wing of the White House. The announcement sparked discussions about Musk’s role in Trump’s … Read more
In a surprising market twist, the Japanese yen and Swiss franc have strengthened against major currencies while the U.S. dollar experienced a dip. This shift comes as investors react to a significant selloff in tech stocks and the introduction of a free AI assistant by the Chinese startup, DeepSeek. The news is rattling investors and … Read more
A sudden surge in demand for DeepSeek’s AI-powered chatbot has led the Chinese startup to limit new user registrations amid claims of large-scale malicious attacks. The company’s move comes after its services were overwhelmed, resulting in API issues and service disruptions. DeepSeek has been gaining significant traction, particularly after it launched an AI chatbot touted … Read more
The origin of the COVID-19 pandemic continues to spark intense debate, and a recent assessment by the CIA suggests that the virus may have most likely emerged from a laboratory in China. However, the intelligence agency has expressed a lack of confidence in definitively concluding this theory due to insufficient evidence. This latest evaluation, which … Read more
In a significant development aimed at bolstering healthcare ties, India and the United Kingdom have agreed to expand their collaboration in healthcare and life sciences. The move is expected to reinforce the growing strategic partnership between the two nations, particularly in areas like health technology, innovation, and public health security. This new phase of cooperation … Read more
In his latest public address, Donald Trump reignited a controversial call to action that has stirred strong opinions for over a decade: “Drill, baby, drill.” This slogan, first coined in 2008 by Michael Steele, the former Republican lieutenant governor of Maryland, has become a staple in U.S. energy policy discussions. Trump’s return to this slogan … Read more
In recent months, the UK’s debt markets have shown signs of underlying tension, with sharp fluctuations in bond yields and shifts in investor behavior. These movements have raised concerns about the stability of Britain’s financial standing, with some experts warning that the cracks in the UK’s reserve currency status may be widening. While the cause … Read more