NYTIMES (Meaghan Tobin and Cade Metz) - DeepSeek’s Sequel Set to Extend China’s Reach in Open-Source A.I.
Chinese companies have embraced making their most advanced artificial intelligence models available to all.
NYTIMES (Patrick McGee) - Tim Cook Did Wonders for Apple. He Also Did a Lot for Xi Jinping.
He made his company a juggernaut, but he did so by risking America’s economic and political security.
NYTIMES (Andrew Ross Sorkin, Bernhard Warner, Sarah Kessler, Michael J. de la Merced, Niko Gallogly and Brian O’Keefe) - Why Nvidia’s Big Profits Aren’t Lifting Markets
The chip giant at the center of the artificial intelligence boom again beat expectations. But it didn’t overcome investor jitters.
NYTIMES (Joe Rennison) - Bleak Research Report Stokes A.I. Debate on Wall St.
In a widely circulated note, Citrini Research painted a dire picture of job losses and stock market sell-offs, though many analysts and economists questioned its conclusions.
AXIOS (Madison Mills) - AI wiped out $400 billion this week — and it's only getting started
Data: Financial Modeling Prep ; Chart: Axios Visuals AI is here — and this week, investors lost over $400 billion to the realization that entire industries are on the cusp of being replaced. Why it matters: The software-industry selloff, sparked by Anthropic's latest release, is ultimately just a baby step in a bigger transformation that may reshape how we all live and work. - It's also the first tangible verdict on what happens when AI starts eating entire categories of work, well before the long-feared white-collar bloodbath even really begins. Driving the news: Anthropic recently released a suite of software-killing tools — prompting investors to reconsider software companies' value, with the sector down 25% in the last week. -…
NYTIMES (Mike Isaac, Joe Rennison and Maureen Farrell) - The Dark Side of A.I. Weighs on the Stock Market
The prospect of disruptions from artificial intelligence has hung over the economy for years. But this week advances in software tools precipitated a sell-off on Wall Street.
NYTIMES (Tripp Mickle) - Google Profit Jumps 30 Percent on A.I. Gains
Profits rose to $34.5 billion last quarter, as the tech giant gained ground with its Gemini system, bolstering its search business and YouTube.
ABCNEWS - Amazon to reduce staff by 16,000, company says in email to staff
Amazon has been "working to strengthen our organization by reducing layers."