Catenaa, January 28, 2025 – Global tech stocks plummeted for a second consecutive day Tuesday as the unveiling of a cost-efficient Chinese AI model disrupted investor confidence in the sector. Nvidia shares fell 17% on Monday, erasing $593 billion in market value, a historic one-day loss. Chinese startup DeepSeek introduced a low-cost AI assistant that […]
Catenaa, Friday, February 21, 2025 – Asian stocks climbed to a three-month high on Friday as investors rallied around Chinese tech stocks with enthusiasm for Artificial Intelligence(AI). MSCI’s broadest index of Asia-Pacific jumped more than 1% to its highest since November 8 on Friday, putting the index on track for a sixth straight week of gains, the […]
Catenaa, Thursday, March 13, 2025-A new AI agent platform from China, Manus, has emerged as a potential competitor to OpenAI’s Deep Research and Operator agents. Launched by Monica AI, the Beijing-based startup, Manus promises to be a “general AI agent” capable of performing tasks such as booking trips, analyzing stocks, and creating content. Manus operates […]
Catenaa, Thursday, February 13, 2025 – Global hedge funds have ramped up their buying of Chinese stocks this year, with a surge in purchases last week driven by excitement over artificial intelligence startup DeepSeek, Goldman Sachs said in a client note. Goldman’s prime brokerage data showed Chinese equities—both onshore and offshore—were the most actively purchased […]
Catenaa, April 11, Friday, 2025- Morgan Stanley reported a net profit increase of 26% year on year in first-quarter (Q1) profit with outperformance in prime brokerage and strong client activity amid market volatility. The bank posted a profit of $4.3 billion, or a $2.60 per share, for Q1 on Friday. That compares with a profit […]
Catenaa, Wednesday, July 09, 2025- Nvidia became the first publicly traded company to hit the $4 trillion mark on Wednesday after its share price hit a record high of $164.27 as generative AI hype continues. The chipmaker surpassed fellow tech players, including Microsoft and Apple, and Nvidia’s stock price is up 22% year-to-date and 24% […]
Catenaa, Thursday, February 27, 2025- Nvidia has beaten Wall Street revenue expectations with revenue up by 78% year on year for the fourth quarter that ended in January 2025, while investors watch closely how the chipmaker is weathering DeepSeek’s powerful Al model. Earnings report for Q4 of fiscal year 2025 released on Wednesday showed revenue at $ […]
Catenaa, Thursday, April 17, 2021- The Trump administration is weighing sanctions and access restrictions against Chinese AI firm DeepSeek amid concerns over data privacy, export violations and national security, according to officials familiar with the matter. The New York Times reported Wednesday that officials may block DeepSeek from US technology and restrict Americans from using […]
Catenna, Monday, March 17, 2025—After DeepSeek’s success, the biggest tech firms in the US will increase their combined annual spending on artificial intelligence to more than $500 billion by early next decade, Bloomberg Intelligence reported on Monday. Bloomberg Intelligence said companies, including Microsoft, Amazon, and Meta Platforms are projected to spend $371 billion on data centers […]
Catenaa, Friday, July 25, 2025- The World Artificial Intelligence Conference, which will be held this weekend in Beijing, will look to propel China’s ambitions to leapfrog the US in artificial intelligence and profit from that drive. This year’s attendance may hit a record as it’s taking place at a critical juncture in the US-Chinese tech […]