News

Reuters: In DeepSeek’s first public appearance since R1’s success, a senior researcher told a state-run conference he was pessimistic about AI’s impact on humanity  —  – DeepSeek makes first public appearance in almost a year  — Company has kept low… Read More »In DeepSeek’s first public appearance since R1’s success, a senior researcher told a state-run conference he was pessimistic about AI’s impact on humanity (Reuters)

Bloomberg: CoinGecko: crypto market cap falls to $3.5T from October’s $4.4T peak, on track to erase its 2025 gains; crypto ETFs had $700M of net outflow over the past week  —  The stock market didn’t crash this week.  But after… Read More »CoinGecko: crypto market cap falls to $3.5T from October’s $4.4T peak, on track to erase its 2025 gains; crypto ETFs had $700M of net outflow over the past week (Bloomberg)

Krystal Hu / Reuters: Vast Data, which develops data storage tools, inks a $1.17B AI deal with CoreWeave; Vast Data, valued at $9.1B in 2023, said it reached $200M ARR by Jan. 2025  —  – CoreWeave to use Vast’s data… Read More »Vast Data, which develops data storage tools, inks a $1.17B AI deal with CoreWeave; Vast Data, valued at $9.1B in 2023, said it reached $200M ARR by Jan. 2025 (Krystal Hu/Reuters)

Financial Times: Nasdaq had its worst 5-day run since April, falling 3% for the week as the combined market value of eight most valuable AI-related stocks fell by about $800B  —  Nasdaq falls 3% over the five-day period as investors… Read More »Nasdaq had its worst 5-day run since April, falling 3% for the week as the combined market value of eight most valuable AI-related stocks fell by about $800B (Financial Times)

Bloomberg: A US judge declares a mistrial after a jury couldn’t reach a verdict on two brothers charged in 2024 for allegedly stealing $25M in crypto from Ethereum traders  —  A jury was unable to reach a verdict in the… Read More »A US judge declares a mistrial after a jury couldn’t reach a verdict on two brothers charged in 2024 for allegedly stealing $25M in crypto from Ethereum traders (Bloomberg)

Google Research: Google introduces Nested Learning, a new ML approach for continual learning that views models as nested optimization problems to enhance long context processing  —  Ali Behrouz, Student Researcher, and Vahab Mirrokni, VP and Google Fellow, Google Research  — … Read More »Google introduces Nested Learning, a new ML approach for continual learning that views models as nested optimization problems to enhance long context processing (Google Research)

AnnaMaria Andriotis / Wall Street Journal: Sources: Samsung is in talks with Barclays to launch a consumer credit card in the US; it’s also exploring a high-yield savings account, BNPL product, and more  —  South Korean tech giant and Barclays… Read More »Sources: Samsung is in talks with Barclays to launch a consumer credit card in the US; it’s also exploring a high-yield savings account, BNPL product, and more (AnnaMaria Andriotis/Wall Street Journal)

Inti Landauro / Reuters: France’s Finance Ministry halts the suspension proceedings of Shein that was initiated on November 5 after Shein withdrew illicit products from its platform  —  The French Finance Ministry on Friday halted the suspension proceedings of Chinese… Read More »France’s Finance Ministry halts the suspension proceedings of Shein that was initiated on November 5 after Shein withdrew illicit products from its platform (Inti Landauro/Reuters)

Bloomberg: In a letter on October 27, OpenAI asked the Trump administration to expand a 35% Chips Act tax credit to help lower the cost of AI infrastructure  —  OpenAI has asked the Trump administration to revamp a Chips Act… Read More »In a letter on October 27, OpenAI asked the Trump administration to expand a 35% Chips Act tax credit to help lower the cost of AI infrastructure (Bloomberg)

Alex Danco / a16z: Both Baumol effect and Jevons paradox may apply to the AI supercycle, as services with AI productivity gains get cheaper, while those without AI become costlier  —  The Baumol Effect and Jevons paradox are related  — … Read More »Both Baumol effect and Jevons paradox may apply to the AI supercycle, as services with AI productivity gains get cheaper, while those without AI become costlier (Alex Danco/a16z)