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Technology
SoftBank, OpenAI unveil Japan AI joint venture to power corporate customers
February 03, 2025 08:38 PM AEDT| By InvezzSoftBank Group is deepening its artificial intelligence (AI) ambitions through a new $3 billion deal with OpenAI, reinforcing its long-term commitment to AI-driven enterprise solutions. The newly formed joint venture, SB OpenAI Japan, will be co-owne...
Apple labeled a ‘low-growth stock’ despite record Q1 margins—here’s why
February 01, 2025 04:02 AM AEDT| By InvezzApple Inc (NASDAQ: AAPL) saw its gross margin hit a record in its fiscal first quarter on the back of continued momentum in its services business that helped offset the weakness in iPhone sales. But that wasn’t enough for Dan Niles to change his view...
US investigates DeepSeek over possible use of banned AI chips: report
January 31, 2025 07:27 PM AEDT| By InvezzThe US Commerce Department is investigating DeepSeek, a Chinese artificial intelligence company, over allegations that it may have used advanced AI chips that are prohibited from being exported to China, as per a Reuters report. DeepSeek recently lau...
This Bitcoin miner is down 25% after DeepSeek selloff, but analyst sees rebound ahead
January 31, 2025 06:35 PM AEDT| By InvezzDeepSeek’s artificial intelligence announcement triggered a sizable sell-off in bitcoin miners this week. One of the hardest hit among them was Core Scientific Inc. In just the last five days, the Core Scientific stock has slumped down around 25%. Th...
AI cryptos recover as DeepSeek hype fades: what’s next for iDEGEN price?
January 31, 2025 02:28 PM AEDT| By InvezzCryptos endured a flash crash early this week as Bitcoin plunged below $98K following DeepSeek’s impulsive popularity. The Chinese AI chatbot dominated trends due to its affordability, threatening demand for United States chips like Nvidia. The news...
IBM stock jumps 12% after strong Q4 results, fueled by AI growth
January 31, 2025 06:01 AM AEDT| By InvezzIBM saw a remarkable 12% surge in its stock price on Thursday, driven by a strong fourth-quarter performance that showcased the company’s impressive growth in artificial intelligence (AI). This boost marked IBM’s best day since July 2000, when...
Norwegian central bank reveals stake in MicroStrategy
January 31, 2025 12:12 AM AEDT| By InvezzMicroStrategy Inc (NASDAQ: MSTR) is in focus today after the Norwegian central bank revealed it holds a sizable stake in the business intelligence company turned Bitcoin proxy. In total, the Norwegian Central Bank Fund owns about $500 million of MSTR...
Why this Bitcoin proxy is a ‘buy’ even if the Fed holds rates steady today
January 30, 2025 06:05 AM AEDT| By InvezzThe US Federal Reserve is broadly expected to leave its key rate unchanged as it announces its policy decision on Wednesday, January 29th. Rate cuts tend to be meaningfully positive for Bitcoin as they make bonds and saving accounts less attractive,...
Alibaba unveils Qwen 2.5 AI model, says it outperforms GPT-4o and DeepSeek-V3
January 29, 2025 09:16 PM AEDT| By InvezzAlibaba (9988.HK) has unveiled its latest artificial intelligence model, Qwen 2.5, in a strategic move to reinforce its standing in China’s AI race. Released on the first day of the Lunar New Year, a time when most of China is on holiday, the t...
Google reclassifies US as ‘sensitive country’ following Trump’s map changes
January 29, 2025 01:11 PM AEDT| By InvezzGoogle’s maps division has reclassified the United States as a “sensitive country,” a designation it typically applies to nations with strict governments or border disputes, CNBC reported on Monday. The change follows an executive order by President...
How China’s DeepSeek’s rise cost the world’s richest $108B in a day
January 28, 2025 08:11 PM AEDT| By InvezzThe world’s 500 richest individuals collectively lost $108 billion in a tech-led market selloff on Monday, as per a Bloomberg report. This abrupt decline was driven by the unexpected rise of DeepSeek, a Chinese AI platform that is challenging S...
Trump’s $500 billion AI initiative will benefit these 3 chip stocks other than Nvidia
January 28, 2025 07:36 PM AEDT| By InvezzUS President Donald Trump has announced a $500 billion artificial intelligence initiative dubbed Stargate in collaboration with Oracle, SoftBank, and OpenAI. While the joint venture will enable Nvidia to retain its leadership position in the AI marke...
Advantest, Softbank shares follow US tech peers to crash over DeepSeek fears
January 28, 2025 01:31 PM AEDT| By InvezzShares of Japanese semiconductor-related companies extended their losses on Tuesday after Monday’s selloff, driven by the release of the Chinese AI model DeepSeek. The selloff in US tech stocks added to the downward pressure, with investors reacting...
Hedera price forecast: HBAR risks 15% drop as it slips back into consolidation range
January 28, 2025 02:27 AM AEDT| By InvezzCryptocurrencies traded in the red today as China’s DeepSeek dumbfounded the US tech industry. The altcoin space suffered the most, with AI tokens leading the downside. However, HBAR attracted attention as it slipped back into a prolonged consolidati...
DeepSeek-driven Nvidia stock plunge is ‘overblown’: here’s why
January 28, 2025 12:02 AM AEDT| By InvezzNvidia Corp (NASDAQ: NVDA) is taking a material hit this morning as investors respond to the launch of a Chinese startup’s highly efficient and cost-effective AI model. DeepSeek claims to have spent less than $6.0 million only on developing a free, o...
Why Indian billionaires Mukesh Ambani, Gautam Adani are dragging OpenAI to court?
January 27, 2025 08:44 PM AEDT| By InvezzIndian media giants owned by Mukesh Ambani and Gautam Adani are uniting against OpenAI, as per a Reuters report. This lawsuit, involving major news players, challenges OpenAI’s use of scraped content from Indian news websites. The case has profound i...
AI crypto market cap slips under $40B as China’s DeepSeek rattles investors
January 27, 2025 08:35 PM AEDT| By InvezzAI cryptocurrencies endured a bloodbath on Monday, plunging by double-digits on their daily charts as Bitcoin dropped below $100,000. The market capitalization of all AI tokens crashed by 13.7% in the past 24 hours to $35.83 billion, reflecting notab...
China’s DeepSeek outpaces ChatGPT in downloads on Apple App Store
January 27, 2025 05:17 PM AEDT| By InvezzDeepSeek, a Chinese AI platform, has made headlines by surpassing OpenAI’s ChatGPT in downloads on Apple’s App Store in the US, according to The Spectator Index. This milestone comes just a week after DeepSeek’s official launch of its new AI model. W...
DeepSeek threat? Softbank, Advantest, other Japanese tech stocks sink up to 10%
January 27, 2025 02:31 PM AEDT| By InvezzShares of Japanese chip-related firms were feeling the heat on Monday. Today’s slump comes as Chinese AI startup DeepSeek gained traction with its updated AI model, raising fears about potential challenges to US technological dominance. The sel...
Perplexity AI’s new TikTok merger plan could see US govt owning 50% stake
January 27, 2025 01:41 PM AEDT| By InvezzPerplexity AI has revised its merger proposal to ByteDance, the parent company of TikTok, to include a provision allowing the US government to own up to 50% of the new entity following an IPO, CNBC reported. The revised proposal outlines the creation...
