Year of snakes, ladders
As China celebrates the Lunar Year of the Snake, the first angpow (red packet gift) was the DeepSeek AI software that shook Wall Street to the tune of nearly $1 trillion in market capitalization.
As China celebrates the Lunar Year of the Snake, the first angpow (red packet gift) was the DeepSeek AI software that shook Wall Street to the tune of nearly $1 trillion in market capitalization.
For decades, the prevailing assumption in technology circles has been that the West, led by the United States, enjoys an unassailable dominance in advanced research and innovation.
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.
In the last decade or so, there has been a renewed urge to implement the reform process. India has reaffirmed its policy to follow fiscal prudence, with a new time path for reducing the national fiscal deficit to 3 per cent of GDP.
China recently launched thousands of 5G base stations throughout its Xinjiang region, raising concerns the technology will be for greater digital surveillance of Uyghurs rather than the state use of economic development, according to US government-funded news service.
The amendment to the CPC Constitution at the upcoming 20th CPC National Congress will incorporate the major theoretical views and strategic thinking to be established in a report of the 19th CPC Central Committee to the 20th CPC National Congress, said Sun.
The West under the leadership of the US has isolated both countries and put in place containment policies to scuttle their journey to become a geo-political power, reported Geo-politik.
Growth in large Asia Pacific economies like China, India, and Indonesia will be less affected as their economies are more domestically oriented, said S&P Global Ratings on Thursday.
