Nvidia and the stock market come roaring back after historic sell-off
Nvidia CEO Jensen Huang’s net worth fell from $121 billion to about $100 billion on Monday, the Bloomberg Billionaires Index estimated. After Monday’s massive exodus out of US tech stocks, investors proved eager to buy the dip in Tuesday’s session. Nvidia climbed to end more than 8% higher at $128.86 a share, bouncing back from…
I worked remotely in tech for years. When I was laid off, I picked up retail shifts and enjoyed seeing people.
Eliane Boucher says an in-person seasonal job has been great for her mental health This as-told-to essay is based on a conversation with Eliane Boucher. It has been edited for length and clarity. After my company’s acquisition, I was laid off from my senior director role. I had watched much of my team already impacted…
Who foresaw the DeepSeek-caused sell-off of Magnificent 7 stocks? Hedge funds, which have been cutting exposure for months.
Big-name US tech companies have slumped thanks to the Chinese AI company DeepSeek. DeepSeek — the Chinese AI company that has upended the US tech industry with its open-source models — caused the US stock market to lose hundreds of billions of market value within a day. The pain was felt by stockholders of the…
A lead Block engineer said the fintech’s new AI agent writes better code than him — and the fintech is open-sourcing it to competitors
Jack Dorsey, cofounder and head of Block. As the race to develop AI agents on Wall Street heats up, one of the industry’s largest fintechs has made the rare move of making its version available to anyone to use. Block, billionaire Jack Dorsey’s company behind Square, Afterpay, and Cash App, launched its AI agent, Goose,…
Jefferies technology banker, age 28, dies in what police are calling an ‘unexplained death’
Carter McIntosh, an investment banker at Jefferies Financial Group based in the firm’s Dallas office, was discovered dead on Monday, prompting a police probe, B-17 has learned. The 28-year-old banker, who was assigned to the firm’s team covering technology, media, and telecommunications companies, was found at a residential apartment building called Bell Knox District, according…
DeepSeek just dropped an update AI model called Janus Pro. It says the image generator is better than OpenAI’s DALL-E.
DeepSeek’s AI app topped Apple’s free apps ranking DeepSeek just released an updated open-source multimodal AI model. The Chinese startup on Monday shared a research paper and released updated versions of the model, called Janus-Pro-1B, and Janus-Pro-7B. According to its paper, DeepSeek says Janus-Pro outperforms OpenAI’s DALL-E 3 and Stable Diffusion’s 3 Medium text-to-image generators…
Meet Liang Wenfeng, the hedge fund manager behind Chinese AI startup DeepSeek
The explosive launch of DeepSeek’s R1 AI model has sparked a sell-off of US tech stocks. While ChatGPT’s launch made OpenAI CEO Sam Altman a household name in the AI community, DeepSeek’s founder is still much lesser-known stateside. The Chinese AI startup has taken the AI community by storm with the buzzy launch of its…
An on-site natural gas plant will help power Stargate’s first data center, public filings show
President Donald Trump, OpenAI CEO Sam Altman, SoftBank CEO Masayoshi Son, and Oracle founder Larry Ellison announced the Stargate project at a press conference on January 21. The developers of the first Project Stargate data center in Abilene, Texas, plan to build a natural gas plant on the site, according to public filings reviewed by…
The tech industry is in a frenzy over DeepSeek. Here’s who could win and lose from China’s AI progress.
DeepSeek has sent Silicon Valley and the tech industry into a frenzy. DeepSeek, a Chinese company with AI models that compete with OpenAI’s at a fraction of the cost, is generating almost as many takes as tokens. Across Silicon Valley, executives, investors, and employees debated the implications of such efficient models. Some called into question…
