Latest news with #DeepSeek-like
Yahoo
01-05-2025
- Business
- Yahoo
NVIDIA stock gains as Meta boosts AI capex... again
-- Shares of AI giant NVIDIA Corporation (NASDAQ:NVDA) gained 1.8% in after-hours trading Wednesday after hyperscaler Meta Platforms Inc (NASDAQ:META) increased its capex budget for this year again, citing AI spending. Meta said it now anticipates full year 2025 capital expenditures, including principal payments on finance leases, will be in the range of $64-72 billion, increased from its prior outlook of $60-65 billion. "This updated outlook reflects additional data center investments to support our artificial intelligence efforts as well as an increase in the expected cost of infrastructure hardware," Meta said. "The majority of our capital expenditures in 2025 will continue to be directed to our core business." The news comes amid worries about possible AI capex slowdowns, on concerns that hyperscalers will try to be more efficient with spending, using more DeepSeek-like technology. Related articles NVIDIA stock gains as Meta boosts AI capex... again NVIDIA CEO Jensen Huang discusses U.S. chip investment at White House event Olo mulls potential sale amid takeover interest - Bloomberg Sign in to access your portfolio
Business Times
25-04-2025
- Business
- Business Times
China's Baidu says its Kunlun chip cluster can train DeepSeek-like models
[BEIJING/SHANGHAI] China's Baidu has successfully 'illuminated' a cluster comprising 30,000 of its self-developed, third-generation P800 Kunlun chips, which can support the training of DeepSeek-like models, its CEO said on Friday (Apr 25). Robin Li made the announcement at the company's annual developer conference where the Chinese search engine giant is giving updates on its artificial intelligence (AI) efforts. 'Illuminated' means switching the cluster on and preparing it for training tasks. The P800 cluster can support the training of DeepSeek-like models with hundreds of billions parameters or a thousand customers fine-tuning models with billions of parameters at the same time, he said. Baidu said Chinese banks and Internet companies had adopted the P800 chips. Li also unveiled Baidu's latest AI model, Ernie 4.5 Turbo, saying it matched the industry's best in several benchmark tests, demonstrating abilities ranging from coding to linguistic comprehension. The company also launched a new reasoning model called Ernie X1 Turbo, and said it would incorporate its AI abilities across its apps from its cloud drive and content platform Baidu Wenku. 'There are many (AI) models, but it's apps that rule the world. The application is the king,' Li said. 'Without apps, models and chips are worthless.' The product launch comes at a time of heightened competition in China's AI market, with tech firms shifting focus from foundation model development to the search for applications beyond AI chatbots that can attract and retain users. Baidu was among the first major Chinese companies to invest heavily in AI following the 2022 debut of OpenAI's ChatGPT. However, its Ernie Bot has struggled to gain traction amid fierce competition. REUTERS
Reuters
25-04-2025
- Business
- Reuters
China's Baidu says its Kunlun chip cluster can train DeepSeek-like models
BEIJING/SHANGHAI, April 25 (Reuters) - China's Baidu ( opens new tab has successfully "illuminated" a cluster comprising 30,000 of its self-developed, third generation P800 Kunlun chips, which can support the training of DeepSeek-like models, its CEO said on Friday. Robin Li made the announcement at the company's annual developer conference where the Chinese search engine giant is giving updates on its artificial intelligence (AI) efforts. "Illuminated" means switching the cluster on and preparing it for training tasks. The P800 cluster can support the training of DeepSeek -like models with hundreds of billions parameters or a thousand customers fine-tuning models with billions of parameters at the same time, he said. Baidu said Chinese banks and Internet companies had adopted the P800 chips. Li also unveiled Baidu's latest AI model, Ernie 4.5 Turbo, saying it matched the industry's best in several benchmark tests, demonstrating abilities ranging from coding to linguistic comprehension. The company also launched a new reasoning model called Ernie X1 Turbo, and said it would incorporate its AI abilities across its apps from its cloud drive and content platform Baidu Wenku. "There are many (AI) models, but it's apps that rule the world. The application is the king," Li said. "Without apps, models and chips are worthless." The product launch comes at a time of heightened competition in China's AI market, with tech firms shifting focus from foundation model development to the search for applications beyond AI chatbots that can attract and retain users. Baidu was among the first major Chinese companies to invest heavily in AI following the 2022 debut of OpenAI's ChatGPT. However, its Ernie Bot has struggled to gain traction amid fierce competition.
Bloomberg
08-04-2025
- Business
- Bloomberg
Alibaba Upgrades International AI Tools With Latest Qwen Models
Alibaba Group Holding Ltd. 's cloud division is upgrading its suite of artificial intelligence tools and infrastructure offerings for international customers, the company said at its Spring Launch event on Tuesday. Alibaba Cloud is expanding its platform-as-a-service options and updating its AI capabilities with the addition of its latest proprietary large language models, including its Qwen-Max and DeepSeek-like QwQ-Plus reasoning model. The expansion, through its Singapore availability zones, shows Alibaba pushing for more overseas customers at a time of intensifying competition for AI users and developers at home in China.
Yahoo
15-03-2025
- Business
- Yahoo
After DeepSeek, Chinese fund managers beat High-Flyer's path to AI
By Samuel Shen and Vidya Ranganathan SHANGHAI/SINGAPORE (Reuters) - Chinese hedge fund High-Flyer's use of artificial intelligence in trading markets has spurred an AI arms race among mainland asset managers that could shake up the country's $10 trillion fund management industry. Quant fund High-Flyer not only deployed AI in its multi-billion dollar portfolio, it also built China's most notable AI start-up DeepSeek whose cost-effective large language model stunned Silicon Valley and undermined Western dominance of the AI sector. In its wake, aspiring Chinese hedge fund managers such as Baiont Quant, Wizard Quant and Mingshi Investment Management are stepping up AI research, while dozens of mutual fund companies are rushing to incorporate DeepSeek into their investment workflow. "We are in the eye of the storm" of an AI revolution, said Feng Ji, chief executive of Baiont Quant, which uses machine learning to trade markets with no human intervention. "Two years ago, many fund managers would look at us AI-powered quants with mockery or disbelief," said Feng. "Today, these sceptics could be out of business if they don't embrace AI." Most of these funds use AI to process market data and generate trading signals based on their investors' risk profiles, rather than produce DeepSeek-like models. And as more home-grown versions of U.S. systematic trading firms such as Renaissance Technologies and are born, fund managers expect competition for "alpha", or outperformance, to intensify. Wizard Quant advertised last month to recruit top AI researchers and engineers for a lab to "reshape the future of science and technology". Demand for coding talent is heating up. Mingshi said its Genesis AI Lab is hiring computer scientists to support research and investment. In a recent roadshow, asset manager UBI Quant told investors it had already set up an AI lab several years ago to explore the use of AI in investment and elsewhere. The race to generate better trading strategies using AI requires huge computing power and high-performance chips, and local authorities said they are ready to help. For example, the government of the southern city of Shenzhen has vowed to raise 4.5 billion yuan ($620.75 million) to subsidise hedge funds' consumption of computing power, in support of their AI development. DEEPSEEK SCRAMBLE China's mutual fund industry is also scrambling to embrace AI. More than a score of retail fund companies, including China Merchants Fund, E Fund and Dacheng Fund, have completed local deployment of DeepSeek. The open-sourced, low-cost large language model has "greatly lowered the bar for AI applications" for the mutual fund industry, said Hu Yi, vice general manager of intelligent equity investment at Zheshang Fund Management. Zheshang Fund has embedded DeepSeek into its AI platform and is developing AI agents to boost efficiency of research and investment. For example, AI agents will do most of the work of junior analysts today, such as monitoring market signals and writing daily comments, "forcing humans to do more creative things," Hu said. "Before DeepSeek, AI had mostly been the realm of top tier players given the cost, talent, and technology required" but DeepSeek had "levelled the playing ground for Chinese fund managers, which are smaller than their U.S. counterparts," said Larry Cao, Principal Analyst at FinAI Research. Baiont's Feng said AI's rapid advancement offers late comers to investment management the opportunity to challenge bigger incumbents. "A seasoned fund manager may have accumulated 20 years of experience, but with AI, one can acquire that experience in two months using 1,000 GPUs," said Feng, whose five-year-old fund company currently manages 6 billion yuan, eclipsing many older rivals. ($1 = 7.2493 Chinese yuan renminbi) Sign in to access your portfolio
