Tag #China

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tr.euronews.com

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Jan 29, 16:12

LVMH Q4 2024 Results: Revenue Up, Profit Down Amidst Uneven Luxury Market Recovery

LVMH reported a 1% increase in Q4 2024 total revenue to €23.93 billion, exceeding expectations but reflecting an uneven luxury goods market recovery with strong US sales contrasting weaker Asian demand. Full-year organic sales rose 1%, while recurring operating profit decreased 14%.

LVMH Q4 2024 Results: Revenue Up, Profit Down Amidst Uneven Luxury Market Recovery

LVMH reported a 1% increase in Q4 2024 total revenue to €23.93 billion, exceeding expectations but reflecting an uneven luxury goods market recovery with strong US sales contrasting weaker Asian demand. Full-year organic sales rose 1%, while recurring operating profit decreased 14%.

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Decent Work and Economic Growth

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What were LVMH's Q4 2024 financial results, and what are the key factors driving their performance and overall global implications?

LVMH, the world's largest luxury goods retailer, reported a 1% increase in total revenue to €23.93 billion in Q4 2024, a 25% surge compared to the previous quarter but a yearly decrease. Full-year organic sales revenue grew by 1% to €84.68 billion, exceeding analyst expectations of a 2% decline. However, recurring operating profit fell by 14% year-on-year despite a 5% reduction in marketing expenses.

nos.nl

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Jan 29, 01:08

Sierra Leone Denies Contact on Convicted Drug Trafficker Jos L.

Sierra Leone denies contacting the Netherlands about Jos L., a 33-year-old convicted drug trafficker potentially sighted in the country, highlighting challenges in international criminal cooperation.

Sierra Leone Denies Contact on Convicted Drug Trafficker Jos L.

Sierra Leone denies contacting the Netherlands about Jos L., a 33-year-old convicted drug trafficker potentially sighted in the country, highlighting challenges in international criminal cooperation.

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Peace, Justice, and Strong Institutions

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How do the recent images of Jos L. potentially in Sierra Leone affect the Netherlands' efforts to extradite him, considering existing legal frameworks?

The lack of communication between Sierra Leone and the Netherlands regarding Jos L. highlights challenges in international criminal cooperation, especially when fugitives seek refuge in countries with weak extradition treaties. The images published suggest he might be evading justice.

theguardian.com

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Jan 28, 16:13

DeepSeek R1: A $1 Trillion Sell-Off Highlights Chinese AI Prowess and US Tech Vulnerabilities

DeepSeek R1, a Chinese AI language model launched last week, has rapidly become a top app, causing a $1 trillion sell-off in tech stocks due to its cost-effective design and performance comparable to leading US models.

DeepSeek R1: A $1 Trillion Sell-Off Highlights Chinese AI Prowess and US Tech Vulnerabilities

DeepSeek R1, a Chinese AI language model launched last week, has rapidly become a top app, causing a $1 trillion sell-off in tech stocks due to its cost-effective design and performance comparable to leading US models.

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Industry, Innovation, and Infrastructure

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What are the immediate implications of DeepSeek R1's launch for the global AI market and the US tech industry?

DeepSeek R1, a Chinese AI language model, has rapidly gained popularity, causing a significant sell-off in tech stocks and sparking concerns in Silicon Valley. Its comparable performance to US models, achieved at a fraction of the cost, highlights Chinese technological advancement and challenges the prevailing US approach to AI development.

news.sky.com

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Jan 28, 13:10

Chinese AI Startup DeepSeek Triggers \$1 Trillion Loss in US Tech Stocks

DeepSeek, a Chinese AI startup, caused a \$1 trillion loss in US tech stocks with its new chatbot, now the top free app in the US and UK, raising concerns about US competitiveness and data security, prompting President Trump to strengthen export controls.

Chinese AI Startup DeepSeek Triggers \$1 Trillion Loss in US Tech Stocks

DeepSeek, a Chinese AI startup, caused a \$1 trillion loss in US tech stocks with its new chatbot, now the top free app in the US and UK, raising concerns about US competitiveness and data security, prompting President Trump to strengthen export controls.

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Reduced Inequality

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What is the immediate impact of DeepSeek's AI chatbot on the global technology market and US-China relations?

DeepSeek, a little-known Chinese AI company, sent shockwaves through Wall Street, causing Nvidia to lose nearly \$600 billion in market value and US tech stocks to lose over \$1 trillion. The company's AI chatbot, available as a free app, is now incredibly popular, posing a threat to significant AI investments.

smh.com.au

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Jan 28, 01:08

DeepSeek's Efficient AI Models Rock US Stock Market

DeepSeek, a Chinese AI startup founded in 2023, developed cost-effective AI models comparable to OpenAI's, causing a \$589 billion drop in Nvidia's market capitalization and raising concerns about US export controls on semiconductors to China.

DeepSeek's Efficient AI Models Rock US Stock Market

DeepSeek, a Chinese AI startup founded in 2023, developed cost-effective AI models comparable to OpenAI's, causing a \$589 billion drop in Nvidia's market capitalization and raising concerns about US export controls on semiconductors to China.

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What is the immediate impact of DeepSeek's efficient AI models on the global AI market and major US tech companies?

DeepSeek, a one-year-old Chinese AI startup, has developed AI models rivaling leading chatbots at a fraction of the cost, causing a significant drop in US tech stocks. Nvidia, a major AI hardware supplier, lost \$589 billion in market capitalization overnight. This challenges the prevailing belief that advanced AI requires massive energy consumption.

dailymail.co.uk

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Jan 28, 13:10

DeepSeek's Low-Cost AI Model Triggers $1 Trillion US Stock Market Drop

The debut of DeepSeek-R1, a low-cost Chinese AI model, caused a $1 trillion drop in US tech stocks on Monday, prompting concerns about the West falling behind in the AI race and leading Sam Altman to acknowledge its impressive capabilities while emphasizing OpenAI's focus on computing power.

DeepSeek's Low-Cost AI Model Triggers $1 Trillion US Stock Market Drop

The debut of DeepSeek-R1, a low-cost Chinese AI model, caused a $1 trillion drop in US tech stocks on Monday, prompting concerns about the West falling behind in the AI race and leading Sam Altman to acknowledge its impressive capabilities while emphasizing OpenAI's focus on computing power.

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What is the immediate impact of DeepSeek-R1's launch on the US stock market and the AI industry?

DeepSeek-R1, a new Chinese AI model, is significantly cheaper than OpenAI's o1 model, costing 20 to 50 times less depending on the task. This has caused a $1 trillion drop in US tech stocks as investors fear increased competition and potential overvaluation of American AI companies.

kathimerini.gr

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Jan 29, 22:11

AI Boom: Human Ingenuity, Not Just Capital, Drives Technological Advancement

Andreas Stavropoulos, a veteran Silicon Valley venture capitalist, discusses the AI boom's market volatility, comparing it to past tech advancements and emphasizing the crucial role of human ingenuity over massive capital in long-term success, suggesting opportunities for smaller nations like Greece...

AI Boom: Human Ingenuity, Not Just Capital, Drives Technological Advancement

Andreas Stavropoulos, a veteran Silicon Valley venture capitalist, discusses the AI boom's market volatility, comparing it to past tech advancements and emphasizing the crucial role of human ingenuity over massive capital in long-term success, suggesting opportunities for smaller nations like Greece...

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Industry, Innovation, and Infrastructure

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What are the immediate economic and market impacts of the current AI boom, and how does it compare to previous technological revolutions?

Major technological advancements, like AI, initially see skyrocketing stock prices for companies like Nvidia, mirroring past giants such as Intel and Microsoft. This is followed by a period of market adjustment and eventual equilibrium, as seen with the dot-com boom. The long-term viability of AI companies will depend on navigating this adjustment.

forbes.com

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Jan 28, 16:14

DeepSeek's Low-Cost AI Models Disrupt US AI Dominance

DeepSeek, a Chinese AI company, released open-source models V3 and R-1, rivaling top US AI models in performance at a fraction of the cost, causing significant market disruption and prompting concerns about data privacy and censorship.

DeepSeek's Low-Cost AI Models Disrupt US AI Dominance

DeepSeek, a Chinese AI company, released open-source models V3 and R-1, rivaling top US AI models in performance at a fraction of the cost, causing significant market disruption and prompting concerns about data privacy and censorship.

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How does DeepSeek's release of cost-effective, open-source AI models directly impact the US AI industry's dominance and pricing strategies?

DeepSeek, a Chinese company, released a large language model, V3, with 671 billion parameters, trained for $5.58 million in two months, rivaling OpenAI's GPT-4 which cost $100 million. Its subsequent model, R-1, matches OpenAI's performance on reasoning tasks and is offered for free, unlike OpenAI's paid models. This disrupts the American AI market, forcing price reevaluation and prompting some startups to acquire data for advanced systems.

bbc.com

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Jan 28, 16:13

DeepSeek's Rise: $1 Trillion US Tech Market Loss

The Chinese AI chatbot DeepSeek has surpassed ChatGPT in App Store downloads, causing a nearly $1 trillion loss in market capitalization for US tech giants; DeepSeek's lower development cost and comparable performance raise questions about US AI dominance.

DeepSeek's Rise: $1 Trillion US Tech Market Loss

The Chinese AI chatbot DeepSeek has surpassed ChatGPT in App Store downloads, causing a nearly $1 trillion loss in market capitalization for US tech giants; DeepSeek's lower development cost and comparable performance raise questions about US AI dominance.

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Industry, Innovation, and Infrastructure

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What are the long-term implications of DeepSeek's success for the global AI race, and what strategic responses are likely from US companies and policymakers?

DeepSeek's emergence signals a potential shift in the global AI landscape, prompting concerns among US tech giants about maintaining their competitive edge. The success underscores the need for increased investment and innovation in the US AI sector to counter China's rapid advancements. This could accelerate the AI arms race and lead to significant policy changes.

elmundo.es

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Jan 28, 04:09

Chinese AI Startup Triggers $500 Billion Market Shock

A Chinese startup's surprisingly low-cost AI chatbot, DeepSeek R1, triggered massive losses for major US tech companies on Monday, highlighting the unpredictable nature of AI development and intensifying US-China geopolitical competition.

Chinese AI Startup Triggers $500 Billion Market Shock

A Chinese startup's surprisingly low-cost AI chatbot, DeepSeek R1, triggered massive losses for major US tech companies on Monday, highlighting the unpredictable nature of AI development and intensifying US-China geopolitical competition.

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Industry, Innovation, and Infrastructure

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What is the immediate impact of the Chinese startup DeepSeek's release of its new AI chatbot on the global AI market and geopolitical landscape?

A Chinese startup's release of a powerful, low-cost AI chatbot, DeepSeek R1, sent shockwaves through the market, causing a massive drop in valuations for leading US AI companies like Nvidia (-$500 billion), Alphabet (-3.75%), and Microsoft (-3.75%). This event highlights the unpredictable nature of AI development and intensifies geopolitical competition in the field.

dw.com

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Jan 28, 04:09

Chinese AI Chatbot DeepSeek Triggers \$1 Trillion Market Loss

The January 27th, 2024 launch of DeepSeek, a Chinese AI chatbot from a Hangzhou startup, caused a \$1 trillion loss in the Nasdaq, with Nvidia losing almost \$600 billion, as its performance rivals Western competitors with less resources; the event was compared to the 'Sputnik moment'.

Chinese AI Chatbot DeepSeek Triggers \$1 Trillion Market Loss

The January 27th, 2024 launch of DeepSeek, a Chinese AI chatbot from a Hangzhou startup, caused a \$1 trillion loss in the Nasdaq, with Nvidia losing almost \$600 billion, as its performance rivals Western competitors with less resources; the event was compared to the 'Sputnik moment'.

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Industry, Innovation, and Infrastructure

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What immediate economic and market impacts resulted from the launch of the Chinese AI chatbot DeepSeek?

The launch of DeepSeek, a Chinese AI chatbot, caused a significant market downturn on January 27th, 2024, with the Nasdaq losing approximately \$1 trillion. Nvidia, a major AI chip maker, experienced the largest loss, dropping almost \$600 billion in value, the biggest single-day drop in US stock market history. Google's parent company lost \$100 billion, and Microsoft lost \$7 billion.

es.euronews.com

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Jan 28, 13:10

DeepSeek's AI Model Triggers Global Tech Market Crash

DeepSeek, a Chinese AI startup, triggered a global market selloff on Monday, with Nvidia losing $600 billion after its AI model outperformed US rivals in efficiency and cost-effectiveness, impacting the Nasdaq (-3%) and European tech stocks.

DeepSeek's AI Model Triggers Global Tech Market Crash

DeepSeek, a Chinese AI startup, triggered a global market selloff on Monday, with Nvidia losing $600 billion after its AI model outperformed US rivals in efficiency and cost-effectiveness, impacting the Nasdaq (-3%) and European tech stocks.

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What is the immediate impact of DeepSeek's AI model on the global tech market and US tech giants like Nvidia?

DeepSeek, a Chinese AI company, caused a significant market downturn on Monday, with US and European stock markets experiencing widespread sell-offs, particularly in the tech sector. Nvidia's stock plummeted 17%, its largest single-day drop, resulting in a $600 billion loss. This also negatively impacted other tech companies that invested in similar AI models.

Showing 2,281 to 2,292 of 4,783 results