The $500 billion Stargate project will be critical to "maintain American leadership in AI," one of the partners said in a statement.
DeepSeek, a Hangzhou-based startup founded in 2023, shot to the top of Apple’s App Store free app chart after releasing a new open-source AI model it says rivals OpenAI's work. Its website was hit by outages amid a spike in interest.
Consumers and traders are waiting to learn if the Fed’s pause is a one-meeting hold or the start of a longer stretch.
Stock futures were mostly higher and benchmark Treasury yields slipped ahead of the Federal Reserve decision, with Wall Street expecting the central bank to keep its key interest rate unchanged, but its first decision under Trump will be one to watch nonetheless.
The Chinese company says its AI model is cheaper and uses less energy than those of its competitors, driving questions about predictions of enormous power
DeepSeek says its AI model is similar to US giants like OpenAI, despite fears of censorship around issues sensitive to Beijing
DeepSeek, the Chinese-owned ChatGPT rival, could pose the same national security concerns that Congress has about TikTok, Philip Elliott writes.
As a tech stock rout and U.S. dollar swings driven by President Donald Trump's tariff threats send markets into a tailspin, investors are piling into assets from Japan's yen to European credit that could act as a buffer to the turbulence.