The assertions about DeepSeek have sparked concerns over the eyewatering sums tech giants are spending on AI — but many experts are urging scepticism.
Ryan Browne and Dylan Butts
Toyota Motor sold 10.8 million vehicles in 2024, it said on Thursday, remaining the world’s top-selling automaker for a fifth straight year.
Reuters
The first Federal Reserve interest rate call of President Trump’s second term has caused the stock market to fall as officials look to a bumpy political and economic landscape ahead.
Jeff Cox
Norway’s sovereign wealth fund — the largest of its kind in the world — posted full-year profit of 2.5 trillion kroner ($354.5 billion) on Wednesday, fuelled by a tech rally.
Chloe Taylor
Shares in LVMH retreated on Wednesday after slightly better-than-expected annual results from the world’s largest luxury company threw doubt over a broader recovery in the luxury sector.
Karen Gilchrist
Despite its enormous oil and gas reserves, this country’s electric vehicle sales have increased from less than one per cent of total auto sales in 2010 to a whopping 88.9 per cent last year.
Sam Meredith
Elon Musk’s social media platform X has announced the launch of a digital wallet and peer-to-peer payment services provided by Visa.
Hugh Son, MacKenzie Sigalos
DeepSeek’s rattling of the AI market has been several years in the making, with analysts viewing the Chinese company’s shocking advance in the field as an unintended consequence of US trade policy.
A Chinese artificial intelligence start-up has wiped billions off the US stock market as users flock to the ChatGPT competitor. But now, registrations have been limited. This is what you need to know.
Hayden Field
Nvidia and other technology shares have plunged, part of a global sell-off as Chinese startup DeepSeek sparked concerns over competitiveness in artificial intelligence and America’s leadership.
Alex Harring
After stepping in to restore TikTok in the U.S. and delaying a law that would effectively ban the app, Trump is looking for avenues to keep the popular platform afloat.
Dylan Butts
President Donald Trump lobbed his first volley at the Federal Reserve, saying that he will apply pressure to bring down interest rates, saying it will likely see the move copied globally
Jef Cox
Of all the corporate buzzwords, artificial intelligence is by far the one that’s been on every major corporate leader’s lips at this year’s World Economic Forum gathering in Davos, Switzerland.
Ryan Browne
Shares of Netflix soared more than 14 per cent Tuesday after the company posted fourth-quarter results that beat on the top and bottom lines.
Sarah Whitten
The value of Tesla’s brand fell by 26 per cent in 2024, a second straight annual decline, with factors including an ageing lineup of vehicles, and CEO Elon Musk’s ‘antagonism’.
Lora Kolodny
Billionaire wealth surged in 2024, as the world’s richest people increasingly benefited from inheritance and powerful connections, according to Oxfam’s latest annual inequality report.
April Roach
British oil major BP on Thursday said it is planning to cut thousands of jobs as part of a major cost-reduction exercise.
Business moguls such as Elon Musk should be prepared to spend tens of billions of dollars for TikTok’s US operations should parent company ByteDance decide to sell.
Jonathan Vanian
The SEC is suing Elon Musk, alleging he committed securities fraud by failing to disclose he had amassed an active stake in Twitter, a move that allowed him to buy shares at ‘artificially low prices’.
Lora Kolodny and Ari Levy
Australia’s fastest-growing roles are from the education, travel and hospitality sectors — and three of them are most needed in Perth.
Ernestine Siu
The Amazon founder says his fellow billionaire has been ‘very clear’ that he’s doing this for the public interest.
Meta CEO Mark Zuckerberg slammed rival tech giant Apple for lacklustre innovation efforts and “random rules” in a lengthy podcast interview on Friday.
Elon Musk’s plan to host a chat with the leader of a far right party on his X social media platform has angered European politicians — but they’ll struggle to stop him.
Max Corstorphan
An investor who foresaw the dot-com bubble sees a handful of red flags in market valuations.
Yun Li
