Apple’s flagging AI hopes get revival from DeepSeek’s emergence

Concerns over Apple Inc.’s first-quarter results have met with 11th-hour optimism that it could eventually benefit from the same force that recently wreaked havoc on the tech sector. The emergence of Chinese artificial intelligence startup DeepSeek is seen as a positive for Apple as cheaper AI models could contribute to a long-anticipated — and so far unrealized — iPhone upgrade cycle and re-acceleration in growth. The outlook for AI and iPhones will be in focus with results due after market clo

Jan. 30, 2025

Tesla books $600 million boost from Bitcoin after accounting change

Tesla Inc.’s holdings of Bitcoin gave its latest quarterly results a boost, courtesy of new accounting rules for digital assets. Its net income got a $600 million mark-to-market benefit from the digital tokens due to the adoption of the accounting approach, Chief Financial Officer Vaibhav Taneja said on Tesla’s earnings call on Wednesday. The electric vehicle maker’s fourth-quarter adjusted earnings were 73 cents a share, missing analysts’ average estimates of 75 cents. But investors took heart

Jan. 30, 2025

Don't let AI 'rip off' artists, Beatles star McCartney warns UK government

Beatles musician Paul McCartney has warned that artificial intelligence could be used to "rip off" artists, urging the British government to make sure upcoming copyright reforms protect its creative industries. Globally the music and film industries are grappling with the legal and ethical implications of AI models that can produce their own output after being trained on popular works, without necessarily paying the creators of the original content. Britain in December proposed a way for artists

Jan. 26, 2025

Bitcoin tops $106,000, hopes grow for strategic reserve

Bitcoin hit a record high above $106,000 on Monday after President-elect Donald Trump suggested he plans to create a US bitcoin strategic reserve similar to its strategic oil reserve, stoking the enthusiasm of crypto bulls. Bitcoin, the world's biggest and best known cryptocurrency, hit a high of $106,533 and last traded up 2.6 percent at $103,917 at 12:15 GMT (9:15 p.m. in Korea). Smaller crypto ether was up 0.4 percent at $3,918. "We're in blue sky territory here," said Ton

Dec. 16, 2024

SoftBank CEO to announce $100b investment in US during visit to Trump

SoftBank Group CEO Masayoshi Son will announce a $100 billion investment in the United States over the next four years during a Monday visit to US President-elect Donald Trump's residence, Mar-a-Lago, CNBC reported. Son will also promise in a joint announcement with Trump to create 100,000 jobs focused on artificial intelligence and related infrastructure, with the money to be deployed before the end of Trump's term, CNBC said, citing sources. The funding could come from various source

Dec. 16, 2024