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