Latest news with #Deepseek
Yahoo
3 days ago
- Business
- Yahoo
China stocks turnover tops $300 billion as bulls take charge
(Bloomberg) — Elevated trading activity is rousing animal spirits in China's stock market, as traders position for further gains. Turnover on mainland exchanges reached 2.15 trillion yuan ($300 billion) on Wednesday. That was the highest since Feb. 21, when risk appetite soared following Deepseek's AI breakthrough. The recent fervor has pushed the value past the key 2 trillion yuan mark, a level many market watchers view as a sign that the bulls are in control. The US-Canadian Road Safety Gap Is Getting Wider Sunseeking Germans Face Swiss Backlash Over Alpine Holiday Congestion To Head Off Severe Storm Surges, Nova Scotia Invests in 'Living Shorelines' Five Years After Black Lives Matter, Brussels' Colonial Statues Remain For Homeless Cyclists, Bikes Bring an Escape From the Streets Chinese stocks have risen in recent months, with ample local liquidity likely to sustain the rally. On Wednesday, the Shanghai Composite gauge climbed above its Oct. 8 intraday high of 3,674.4, a level long seen as a potential hurdle. Meanwhile, the tech-heavy ChiNext Index rallied 3.6%, marking its best day since January. A Bank of America survey of global fund managers shows sentiment on China has turned 'enthusiastic', supported by expectations that Beijing will take steps to tackle deflation. Recent policy moves have also guided more flows toward stocks, and local brokerages are increasingly drawing comparisons between the current rally and previous bull markets. Americans Are Getting Priced Out of Homeownership at Record Rates Dubai's Housing Boom Is Stoking Fears of Another Crash Why It's Actually a Good Time to Buy a House, According to a Zillow Economist Bessent on Tariffs, Deficits and Embracing Trump's Economic Plan The Electric Pickup Truck Boom Turned Into a Big Bust ©2025 Bloomberg L.P.
Bloomberg
4 days ago
- Business
- Bloomberg
China Stocks Turnover Tops 2 Trillion Yuan as Bulls Take Charge
Elevated trading activity is rousing animal spirits in China's stock market, as traders position for further gains. Turnover on mainland exchanges reached 2.15 trillion yuan ($300 billion) on Wednesday. That was the highest since Feb. 21, when risk appetite soared following Deepseek's AI breakthrough. The recent fervor has pushed the value past the key 2 trillion yuan mark, a level many market watchers view as a sign that the bulls are in control.
Tom's Guide
06-08-2025
- Business
- Tom's Guide
OpenAI launches two new AI models ahead of GPT-5 - here's everything you need to know
OpenAI is once again doing side quests in the lead up to the launch of GPT-5. As we wait for the big update, OpenAI is pausing to bring us not one, but two entirely separate models to play with. Both of these new models are available to download for free to anyone with some coding ability via Hugging Face. They come in two sizes, with the larger option being the more capable gpt-oss-120b model that can run on just one single Nvidia GPU, and a second smaller model, called gpt-oss-20b. This one can run on a consumer laptop with 16GB of memory. This is the first time OpenAI has launched an open weight model in years, and has been delaying its release for a while now. While smaller AI companies like Le Chat, Deepseek, and Alibaba have frequently released open-weight models, OpenAI has tended to keep their doors closed off. Sam Altman, CEO of OpenAI, said at the start of the year that OpenAI felt it was on the wrong side of history for this, suggesting they would be going back to launching some open-source model Quite simply, an open-weight model is one where all of its training parameters are made publicly available. Developers can access these, analyzing and fine tuning them for their own projects. In such a competitive market, it seems strange for this to be a thing. And yet, it is a very popular option, with some of the most powerful models on the market being open-weighted. Get instant access to breaking news, the hottest reviews, great deals and helpful tips. Of course, GPT-5 won't be, neither would the likes of Grok and Claude's top models. But that isn't to say that this new option from OpenAI isn't powerful. When put through tests, OpenAI's two new models both performed ahead of Deepseek's R1 and in a similar line to some of OpenAI's other reasoning models. In both models, the full chain of thought can be accessed, making for easier debugging of code and higher trust in the models. If you're a developer in the AI space, this will be big news for you. OpenAI took a long break from offering out its weights available to the public, and there is a clear shift in their thinking for this to become available. For everybody else, this won't be of much importance. The big update for the average person will be GPT-5 when that launches in the next week or so. OpenAI did promise a lot of big updates in the next few weeks, with this just being the starter for the main course soon to come.
New Straits Times
06-08-2025
- New Straits Times
Trader loses RM335,400 to 'Deepseek' investment scam
KUANTAN: A 53-year-old trader lost RM335,400 of her savings to an online investment scam. The victim, from Cameron Highlands, was tricked into believing that she had earned RM4.8 million from the scheme, but was told she has to pay a 12 per cent commission to withdraw the money. Pahang police chief Datuk Seri Yahaya Othman said the victim came across a Facebook advertisement promoting an investment scheme called 'Deepseek' on April 30. "She began communicating with an individual known as 'Serena' through WhatsApp and was later added to a group called 'Black Horse Growth Plan'. She was instructed to download an application named Phgmax. "The victim made 22 transactions totaling RM335,400 into seven different bank accounts between June 2 and July 23. Several days later, a check on the application showed that she had allegedly earned a profit of RM4.8 million," he said in a statement today. Yahaya added that when she attempted to withdraw the money, the fraudsters demanded a 12 per cent commission of RM221,670 before she could access the funds. "The victim realised she had been scammed when the suspects continued to demand further payments. She lodged a police report yesterday." He said the public should not be enticed by investment schemes and always check the bank account numbers they receive at
Yahoo
30-07-2025
- Business
- Yahoo
Gen AI apps doubled their revenue, grew to 1.7B downloads in first half of 2025
Generative AI apps have seen tremendous growth in both downloads and in-app revenue in the first half of 2025, a report from market intelligence firm Sensor Tower said. Users downloaded Gen AI apps 1.7 billion times, compared to 1 billion in H2 2024. These apps doubled in-app revenue, bringing in $1.87 billion in H1 2025, as compared to $932 million in H2 2024. The report noted that users spent over 15.6 billion hours on Gen AI apps in the first half of 2025, a jump from 8.5 billion hours in H2 2024. This time was recorded over 426 billion sessions. Asia was the fastest-growing market for Gen AI apps, and also took the lead for market share in terms of downloads with 42.6%, thanks to markets like India and Mainland China. Download growth in Asia was 80% in H1 2025, as compared to 51% in Europe and 39% in North America. While LatAm registered the highest growth for in-app purchases for Gen AI apps, North America still holds the lead in terms of market share with 40%. ChatGPT's continued growth Sensor Tower noted that ChatGPT was the leading app for in-app revenue in every country bar China. However, China's Deepseek performed better in terms of the number of downloads in weeks after the launch. People are also spending more time with different AI assistants, with ChatGPT leading the pack. People used the app for more than 12 days on average in a month for H1. Other popular apps were Character AI, PolyBuzz, DeepSeek, and Perplexity. ChatGPT's stickiness has been impressive. Sensor Tower said that people are using OpenAI's app as much as X and Reddit. Only Google has a better rate for the average number of days used per month. The report also mentioned that, as compared to last year, ChatGPT's weekend usage has also improved, signaling that people are relying on the AI-powered chat app beyond work. 'This development makes its app usage patterns more akin to Google's, which consumers rely on as a primary search tool both during and outside of work hours,' the report said. Over time, the gap between usage of ChatGPT and usage of apps in the top search engine and browser categories has decreased. For instance, in H1 2025, ChatGPT had 16 minutes of average daily usage as compared to 18.2 minutes for the top search engine and browser. Beyond search, users are also using ChatGPT for health and wellness, shopping, personal finance, and meal prep advice. The report said that more than a third of prompts used on ChatGPT in Q2 2025 were related to lifestyle and entertainment. Sensor Tower noted that ChatGPT is gaining users across both mobile apps and platforms. It said that more than 15% of ChatGPT users in the U.S. access it across the web and mobile, higher than other platforms like Temu and Threads. While ChatGPT has shown progress, it is still behind other platforms like Google, Facebook, YouTube, Google Docs, and Amazon, which have more than 25% of users accessing the service both on the web and mobile. Apps are adding 'AI,' literally The intelligence firm said in its report that the term AI now appears over 100,000 times in app descriptions on both the App Store and the Play Store. Users downloaded apps mentioning AI 7.5 billion times in H1 2025, which accounted for around 10% overall downloads. In the last 12 months, a growing number of apps in categories like AI assistant, AI content generation, Photo editing, Nutrition & Diet, Test Prep, Tutoring & Studying, Translation, and Other Hobbies & Interest Services have added AI-related terms. An increasing number of apps in the top charts for different categories now have 'AI' in their names. However, this addition only has a short-term boost in downloads. 'Unsurprisingly, apps that added terms like 'AI' or 'LLM' to their app names or descriptions experienced a notable boost in downloads over the subsequent months,' Sensor Tower said. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
