China’s artificial intelligence race has no finish line. DeepSeek, Moonshot AI, Alibaba and even consumer electronics firm Xiaomi have all dropped new models in recent weeks, jostling for position on leaderboards. From native AI startups to platform giants, companies across the sector face growing pressure to innovate, expand their user base and find paths to…
Anthropic is teaming up with several large investment firms to create a venture that will help companies integrate artificial intelligence tools into their systems, the latest example of the deepening ties between Wall Street and the A.I. industry. The private equity firms Blackstone and Hellman & Friedman and the investment bank Goldman Sachs through its…
WASHINGTON — The U.S. Navy is ramping up its AI capabilities to hunt for Iranian mines in the Strait of Hormuz, one of the world’s most critical shipping lanes, a recently awarded contract shows. President Donald Trump has said the U.S. Navy is clearing Iranian mines from the strait, a vital sea route for oil…
Shares of Blue Owl, the private credit firm at the center of recent jitters over exposure to software companies, jumped 10% in trading Thursday after executives disclosed sizable gains tied to SpaceX. “We made about 10 times our money on that investment,” an executive said on the firm’s first-quarter earnings call. Blue Owl has already…
SHANGHAI, CHINA – NOVEMBER 05: People visit the booth of Organon during the 7th China International Import Expo (CIIE) at the National Exhibition and Convention Center (Shanghai) on November 5, 2024 in Shanghai, China. The 7th China International Import Expo (CIIE) kicked off in Shanghai on November 5. (Photo by Tang Yanjun/China News Service/VCG via…
A German court has convicted the former co-owner of Panamanian law firm Mossack Fonseca — the subject of the International Consortium of Investigative Journalists’ Panama Papers investigation — for aiding and abetting tax evasion. Cologne’s regional court sentenced Christoph Zollinger, a Swiss-Panamanian dual national, to one year and nine months’ probation, according to ICIJ’s German…
WASHINGTON — Lockheed Martin has claimed victory in a longstanding competition to sell fighter jets to Peru, though senior officials in Lima appear to be at odds with each other over the fate of the deal. Lockheed “welcomes the Government of Peru’s announcement to purchase 12 new F-16 Block 70 aircraft to modernize the nation’s…
Shorouk Express ASTANA, Kazakhstan, December 11. Kazakh authorities are in talks with Chinese company Zhongyoung Power (Yunxi) Group Co. about potential investment in the modernization of Kazakhstan’s energy infrastructure, Trend reports via Kazakh Invest. The discussions took place during a meeting between Kazakhstan’s Deputy Minister of Foreign Affairs Aliбек Kuantyrov, Deputy Chairman of the Board…
The venture capital world has always had a hot-and-cold relationship with the Midwest. Investors rush in during boom times, then retreat to the coasts when markets turn sour. For Columbus, Ohio-based Drive Capital, this cycle of attention and disinterest played out against the backdrop of its own internal upheaval several years ago — a co-founder…
Shorouk Express Nevertheless, the spokesperson said, “the EU would respond firmly to any trading partner that unfairly or arbitrarily imposes tariffs on EU goods.” France’s Industry Minister Marc Ferracci went further, demanding a “biting” response from Brussels, which manages trade relations on behalf of the EU’s 27 member countries. “Trade negotiations with Donald Trump must…
