Latest news with #DeepSeekAI
Express Tribune
3 days ago
- Business
- Express Tribune
Senator Mushahid Hussain Sayed chairs Global Parties Dialogue in Beijing
Listen to article Chinese technological advancement has overtaken the West in key areas, including defence, artificial intelligence and green innovation, according to remarks made by Senator Mushahid Hussain Sayed at a high-level global dialogue in Beijing. Speaking at the opening of the Global Political Parties Dialogue on "Asia in a Changing World", Senator Mushahid said China had become a 'scientific superpower' and was reshaping global dynamics not through conquest, but by peaceful economic development. 'China is surpassing the West in key sectors, from J10C fighter jets and Deep Seek AI to electric vehicles,' said Mushahid, citing a recent Economist cover story. He framed the trend as part of the broader 'Rise of the East', with Asia emerging as the new global centre of gravity. READ: China assures of $3.7b refinancing next month Chaired by Senator Mushahid in his role as Co-Chairman of the International Conference of Asian Political Parties (ICAPP), the Dialogue brought together representatives from 250 political parties across 29 countries. The conference was hosted by the International Department of the Communist Party of China (IDCPC) in Beijing. In a striking geopolitical assertion, Mushahid also described China as 'part of South Asia' and 'a source of stability in the region,' noting its peaceful relations with nearly all neighbours despite having borders with 14 countries. He stressed that the border dispute with India should not define bilateral relations and must be resolved peacefully. The panel also featured senior political figures including IDCPC Minister Liu Jianchao, former Thai Speaker Bokin Balakula, and former Mongolian Foreign Minister Damdin Tsogtbaatar. READ MORE: PCI report details 16 hours that shook South Asia Liu echoed Mushahid's remarks, affirming that China does not aim to export its political model, but offers its poverty alleviation experience as a blueprint for developing nations. 'China's rise has come through reforms and development,' Liu said, adding that China remains committed to cooperation and peaceful coexistence within South Asia. Pakistan's presence at the conference was notable, with former Senate Chairman Nayyar Hussain Bokhari, Senator Anusha Rehman, Ambassador to China Khalil Hashmi, and several business and think tank representatives in attendance. On the sidelines of the event, Liu held a separate meeting with Senator Mushahid, discussing high-level exchanges between the two countries, including his own visit to Islamabad in June 2024 and the recent trip by Pakistani Deputy Prime Minister Ishaq Dar to Beijing. The conference also received congratulatory messages from the Prime Ministers of Pakistan and Malaysia, underlining the event's significance in shaping future regional cooperation.
Yahoo
4 days ago
- Business
- Yahoo
Vertiv Holdings (VRT) Declined Due to DeepSeek AI App Launch
Baron Funds, an investment management company, released its 'Baron Small Cap Fund' first-quarter 2025 investor letter. A copy of the letter can be downloaded here. In the first quarter of 2025, the fund was down 9.07% (Institutional Shares) compared to the Russell 2000 Growth Index's (the Index) -11.12% return. Small-cap stocks continued to underperform larger market caps meaningfully, so the Fund lagged the Russell 3000 Index, which fell 4.72% in the quarter. In addition, please check the fund's top five holdings to know its best picks in 2025. In its first-quarter 2025 investor letter, Baron Small Cap Fund highlighted stocks such as Vertiv Holdings Co (NYSE:VRT). Vertiv Holdings Co (NYSE:VRT) designs, manufactures, and services critical digital infrastructure technologies and life cycle services for data centers, communication networks, and commercial and industrial environments. The one-month return of Vertiv Holdings Co (NYSE:VRT) was 20.88%, and its shares lost 1.91% of their value over the last 52 weeks. On May 23, 2025, Vertiv Holdings Co (NYSE:VRT) stock closed at $104.14 per share with a market capitalization of $39.69 billion. Baron Small Cap Fund stated the following regarding Vertiv Holdings Co (NYSE:VRT) in its Q1 2025 investor letter: "Shares of Vertiv Holdings Co (NYSE:VRT), a provider of power, cooling, and infrastructure solutions for data centers, sold off sharply during the quarter after the introduction of the surprisingly efficient DeepSeek AI app raised investor concerns that there would be less need for capital expenditures in the data center industry than projected and, accordingly, would slow Vertiv's growth rate. In addition, after strong outperformance in 2024, investor concerns that orders could slow in upcoming quarters, as customers go through a digestion period of related spend, caused a revaluation of the entire space. We believe Vertiv maintains its competitive advantage and will benefit from increased capital spend and the complex roadmap related to new chip introductions, which will run hotter and require more advanced cooling solutions. We believe the stock is attractively valued in the context of its long-term growth potential." A close-up of a group of technicians working on complex data center systems. Vertiv Holdings Co (NYSE:VRT) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 90 hedge fund portfolios held Vertiv Holdings Co (NYSE:VRT) at the end of the first quarter, which was 92 in the previous quarter. While we acknowledge the potential of Vertiv Holdings Co (NYSE:VRT) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the undervalued AI stock set for massive gains. In another article, we covered Vertiv Holdings Co (NYSE:VRT) and shared the list of stocks Jim Cramer talked about. In addition, please check out our hedge fund investor letters Q1 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: Michael Burry Is Selling These Stocks and A New Dawn Is Coming to US Stocks. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
4 days ago
- Business
- Yahoo
Vertiv Holdings (VRT) Declined Due to DeepSeek AI App Launch
Baron Funds, an investment management company, released its 'Baron Small Cap Fund' first-quarter 2025 investor letter. A copy of the letter can be downloaded here. In the first quarter of 2025, the fund was down 9.07% (Institutional Shares) compared to the Russell 2000 Growth Index's (the Index) -11.12% return. Small-cap stocks continued to underperform larger market caps meaningfully, so the Fund lagged the Russell 3000 Index, which fell 4.72% in the quarter. In addition, please check the fund's top five holdings to know its best picks in 2025. In its first-quarter 2025 investor letter, Baron Small Cap Fund highlighted stocks such as Vertiv Holdings Co (NYSE:VRT). Vertiv Holdings Co (NYSE:VRT) designs, manufactures, and services critical digital infrastructure technologies and life cycle services for data centers, communication networks, and commercial and industrial environments. The one-month return of Vertiv Holdings Co (NYSE:VRT) was 20.88%, and its shares lost 1.91% of their value over the last 52 weeks. On May 23, 2025, Vertiv Holdings Co (NYSE:VRT) stock closed at $104.14 per share with a market capitalization of $39.69 billion. Baron Small Cap Fund stated the following regarding Vertiv Holdings Co (NYSE:VRT) in its Q1 2025 investor letter: "Shares of Vertiv Holdings Co (NYSE:VRT), a provider of power, cooling, and infrastructure solutions for data centers, sold off sharply during the quarter after the introduction of the surprisingly efficient DeepSeek AI app raised investor concerns that there would be less need for capital expenditures in the data center industry than projected and, accordingly, would slow Vertiv's growth rate. In addition, after strong outperformance in 2024, investor concerns that orders could slow in upcoming quarters, as customers go through a digestion period of related spend, caused a revaluation of the entire space. We believe Vertiv maintains its competitive advantage and will benefit from increased capital spend and the complex roadmap related to new chip introductions, which will run hotter and require more advanced cooling solutions. We believe the stock is attractively valued in the context of its long-term growth potential." A close-up of a group of technicians working on complex data center systems. Vertiv Holdings Co (NYSE:VRT) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 90 hedge fund portfolios held Vertiv Holdings Co (NYSE:VRT) at the end of the first quarter, which was 92 in the previous quarter. While we acknowledge the potential of Vertiv Holdings Co (NYSE:VRT) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the undervalued AI stock set for massive gains. In another article, we covered Vertiv Holdings Co (NYSE:VRT) and shared the list of stocks Jim Cramer talked about. In addition, please check out our hedge fund investor letters Q1 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: Michael Burry Is Selling These Stocks and A New Dawn Is Coming to US Stocks. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Miami Herald
6 days ago
- Business
- Miami Herald
Nvidia Eyes Chinese Market With New AI Chip Launch
Nvidia is looking to break into the Chinese market with a new artificial intelligence (AI) chip that will begin mass production as early as next month, according to Reuters. Newsweek reached out to the White House by email outside of normal business hours on Saturday for comment. Nvidia is the leading chip maker in the United States and has gotten caught up in the middle of a U.S.-China trade war. As of April, the U.S. made up around 42 percent of Nvidia business, versus China and Hong Kong's 15.5 percent, according to financial data compiled by CSI Market. President Donald Trump has pushed to shift global manufacturers back to the U.S. to avoid his tariffs and create more jobs and growth for the American economy. He had hit China with a 145 percent tariff on all goods, but then days later added exemptions for smartphones, computer monitors and various electronic parts. As part of that, he expedited the approval of permits so that Nvidia could start investing around $500 billion in chip manufacture infrastructure domestically period. China remains a huge market for Nvidia despite the trade tensions between Washington and Beijing. The U.S., however, continues trying to restrict China's access to high quality chips to limit their growth and development of AI. The new chip is part of the Blackwell dash architecture series and is expected to cost significantly less than its predecessors. Previous chips cost between $10,000 and 12,000, while the new chips are expected to be priced between $6,500 and $8,000. However, the lower price point indicates "weaker specifications and simpler manufacturing requirements," according to Reuters. The chip will not use advanced packaging technology as part of its production, which may explain its reduced price. Nvidia attempted to repackage and develop a downgraded version of its H20 chip in order to get around export controls implemented by Trump, but the plan did not work out, Reuters reported. Recent export restrictions introduced a limit on the memory bandwidth of GPU chips, which would in turn continue to limit the ability of other nations to develop AI. Despite these efforts, China was able to produce the DeepSeek AI, which utilized the lower grade chips available to the country thanks to U.S. controls. The AI model was also trained and developed at a reportedly and relatively low cost of $6 million. An Nvidia spokesperson told Newsweek in an emailed statement on Saturday afternoon: "We are still evaluating our limited options. Until we settle on a new product design and receive approval from the U.S. government, we are effectively foreclosed from China's $50 Billion datacenter market." Nvidia reportedly plans to enter production on the Blackwell chip in June, but the timeline for sales to China remains unclear. Meanwhile, after Trump announced his 145 percent tariff on products out of China, and Beijing retaliated with "reciprocal" tariffs on U.S. products at 125 percent, Treasury Secretary Scott Bessent met with his Chinese counterparts earlier this month and negotiated a significant, but temporary, reduction as a commitment to further trade negotiations. Related Articles Here's Why Tech Enthusiasts Are Embracing 'Dumb' Phones and Digital DetoxesDo We Have a Moral Obligation To AI Because of Evolution? | OpinionCrisis PR Will Be a Lifeline When AI Supercharges Misinformation | OpinionElon Musk Reacts to Article About His 'Decline and Fall' 2025 NEWSWEEK DIGITAL LLC.
Newsweek
7 days ago
- Automotive
- Newsweek
Nvidia Eyes Chinese Market With New AI Chip Launch
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. Nvidia is looking to break into the Chinese market with a new artificial intelligence (AI) chip that will begin mass production as early as next month, according to Reuters. Newsweek reached out to the White House by email outside of normal business hours on Saturday for comment. Why It Matters Nvidia is the leading chip maker in the United States and has gotten caught up in the middle of a U.S.-China trade war. As of April, the U.S. made up around 42 percent of Nvidia business, versus China and Hong Kong's 15.5 percent, according to financial data compiled by CSI Market. President Donald Trump has pushed to shift global manufacturers back to the U.S. to avoid his tariffs and create more jobs and growth for the American economy. He had hit China with a 145 percent tariff on all goods, but then days later added exemptions for smartphones, computer monitors and various electronic parts. As part of that, he expedited the approval of permits so that Nvidia could start investing around $500 billion in chip manufacture infrastructure domestically period. China remains a huge market for Nvidia despite the trade tensions between Washington and Beijing. The U.S., however, continues trying to restrict China's access to high quality chips to limit their growth and development of AI. What To Know The new chip is part of the Blackwell dash architecture series and is expected to cost significantly less than its predecessors. Previous chips cost between $10,000 and 12,000, while the new chips are expected to be priced between $6,500 and $8,000. However, the lower price point indicates "weaker specifications and simpler manufacturing requirements," according to Reuters. The chip will not use advanced packaging technology as part of its production, which may explain its reduced price. Nvidia attempted to repackage and develop a downgraded version of its H20 chip in order to get around export controls implemented by Trump, but the plan did not work out, Reuters reported. Recent export restrictions introduced a limit on the memory bandwidth of GPU chips, which would in turn continue to limit the ability of other nations to develop AI. Despite these efforts, China was able to produce the DeepSeek AI, which utilized the lower grade chips available to the country thanks to U.S. controls. The AI model was also trained and developed at a reportedly and relatively low cost of $6 million. Jensen Huang, co-founder and CEO of Nvidia Corp., speaks during a news conference in Taipei on May 21. Jensen Huang, co-founder and CEO of Nvidia Corp., speaks during a news conference in Taipei on May 21. I-Hwa Cheng/AFP via Getty Images What People Are Saying An Nvidia spokesperson told Newsweek in an emailed statement on Saturday afternoon: "We are still evaluating our limited options. Until we settle on a new product design and receive approval from the U.S. government, we are effectively foreclosed from China's $50 Billion datacenter market." What Happens Next? Nvidia reportedly plans to enter production on the Blackwell chip in June, but the timeline for sales to China remains unclear. Meanwhile, after Trump announced his 145 percent tariff on products out of China, and Beijing retaliated with "reciprocal" tariffs on U.S. products at 125 percent, Treasury Secretary Scott Bessent met with his Chinese counterparts earlier this month and negotiated a significant, but temporary, reduction as a commitment to further trade negotiations.
