This story incorporates reporting from The Financial Times, New York Post, The Australian Financial Review, Business Insider, Business Insider and Bloomberg L.P..SoftBank, the Japanese multinational conglomerate,
SoftBank is negotiating a $500 million investment in Skild AI, a software company building a foundational model for robotics at a $4 billion valuation, Bloomberg and Financial Times reported. The two-year-old company raised its previous funding round of $300 million at a $1.
Nick Leeson went from being a symbol of everything that is wrong with financial markets to investigating the kind of misconduct he became famous for.
Czech Finance Minister Zbynek Stanjura has warned against CNB’s proposal to consider investing up to 5% of its reserves in Bitcoin, citing volatility risks.
After training for free with all of the Internet, AI companies are starting to copy each other without permission. The world continues to wonder how DeepSeek was able to train an AI model like R1 with only 2,
It’s early days, but there already appears to be a clear buzzword among corporate executives this earnings season: tariffs.
Microsoft and OpenAI are investigating if DeepSeek accessed data without permission, with reports suggesting DeepSeek used OpenAI’s API to transfer large data volumes. Microsoft suspects the stolen data helped “distill” ChatGPT’s knowledge into DeepSeek’s R1 model,
OpenAI claims to have found evidence that Chinese AI startup DeepSeek secretly used data produced by OpenAI’s technology to improve their own AI models, according to the Financial Times. If true, DeepSeek would be in violation of OpenAI’s terms of service. In a statement, the company said it is actively investigating.
A new earnings report painted a grim picture of Boeing’s finances. Can it recover while under scrutiny from Trump and Musk?
DeepSeek is causing havoc throughout the AI industry. U.S.-based tech companies that have heavily invested in AI saw their stocks take a tumble this week after the China-based startup released a new AI model on par with OpenAI's latest model, yet much cheaper to train — plus, DeepSeek made it free and open source.
DeepSeek has been accused of using data without permission by OpenAI. If true, DeepSeek would have violated OpenAI's terms of service.
As ongoing geopolitical tensions and supply chain instability could impact the market, countries still appear eager to become more independent in the nuclear fuel cycle. Click to read.