The global artificial intelligence (AI) landscape has witnessed a new shift with the emergence of China’s DeepSeek, a powerful AI model developed to counterbalance American AI giants like OpenAI, Google, and Meta. The release of DeepSeek sent shockwaves through the stock market, causing NVIDIA, one of the biggest players in AI hardware, to lose nearly $500 billion in market capitalization overnight
The European Commission presented the Competitiveness Compass, a strategic blueprint aimed at restoring the European Union (EU)'s economic edge and driving technological leadership as it seeks to close the gap with the US and China.
Chinese Foreign Minister Wang Yi on Monday told Foreign Secretary Vikram Misri that India and China should seize the opportunity to meet each other halfway, explore more substantive measures, and commit themselves to mutual understanding, mutual support and mutual achievement, rather than mutual suspicion, alienation and mutual depletion.
As India marked its 76th Republic Day with celebrations, embassies from across the world extended their warm wishes, emphasising the significance of India's democratic journey and its role in global partnerships.
US President Donald Trump, affirmed hope of having a "very good relationship" with China under his administration, while also stressing on the need to have a "level-playing field" regarding trade situation.
Congress leader Rahul Gandhi said that External Affairs Minister S Jaishankar "does not understand the China threat".
China has set an official economic growth target of "around 5 per cent" for 2023, as it seeks to revive the world's second largest economy after a year of tepid growth because of pandemic measures, and will increase defence budget by 7.2 per cent, the media reported.
Chinese Foreign Minister Qin Gang said his country is ready to resume direct flights at the earliest date.
In a joint statement at the end of their meeting, the foreign ministers of the Quad countries said, ''We strongly oppose any unilateral actions that seek to change the status quo or increase tensions in the area.”
In a move to counter China's increasing assertiveness in the Indo-Pacific region, Quad members committed to support Pacific Island countries.
