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DeepSeek Gives Europe's Firms a Chance to Catch Up

Financial Express Chandigarh

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February 04, 2025

HEMANTH MANDAPATI, boss of German startup Novo AI, was an early adopter of DeepSeek chatbots when he switched to the Chinese AI model from OpenAI's ChatGPT two weeks ago.

- REUTERS

"If you have built your application using OpenAI, you can easily migrate to the other ones...it took us minutes to switch," he said in an interview on the sidelines of the GoWest conference for venture capitalists in Gothenburg, Sweden.

DeepSeek's emergence is changing the landscape for AI, offering companies access to the technology at a fraction of the cost, according to interviews with more than a dozen startup executives and investors. It also has the potential to push other AI companies to improve their models and bring down prices.

WEITERE GESCHICHTEN VON Financial Express Chandigarh

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Yen weakens across board after BOJ delivers rate hike

CENTRAL BANK SAYS IT WILL KEEP RAISING RATES IF FORECASTS MATERIALISE

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'Expect a couple more REITs to come in by 2026'

While residential markets faced headwinds this year, the office sector recorded 60 million square feet of gross leasing between January and September 2025, the highest for the first nine months of any year.

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Putin: Russia ready to end war, but sans compromise

PRESIDENT VLADIMIR PUTIN said he's willing to discuss bringing Russia's war in Ukraine to an end, even as he ruled out changes sought by Kyiv and Europe to a US peace plan drawn up with Moscow.

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Funds for rural roads scheme see gross underutilisation

STATES’ SPENDING CAPACITY LIMITED

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'Capacity limit costs Mumbai the hub race'

Adani Airport Holdings (AAHL) has laid down the expansion plans for its airport business, but for Jeet Adani, director airports, the larger strategic context is Mumbai's missed opportunity to become India's primary global aviation hub.

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Flipkart buys majority stake in Minivet AI

WALMART-OWNED FLIPKART has struck a deal to acquire a majority stake in Minivet AI, an AI and machine learning solutions provider, as the e-commerce major looks to strengthen its generative AI capabilities for visual and conversational commerce.

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TikTok signs deals with investors to avoid US ban

TIKTOK'S CHINESE OWNER, ByteDance, on Thursday signed binding agreements to hand control of the short video app's US operations to a group of investors, including Oracle, in a big step toward avoiding a US ban and ending years of uncertainty.

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RBI measures push rupee above 90-mark

THE RUPEE POSTED its strongest single-day gain in over three years on Friday, rising above the 90-per-dollar mark late in the session, as the central bank intervened to shore up the currency and curb speculative bets, traders said.

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December 20, 2025

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Boards in a ‘no second chances’ era

In an era of data explosion and real-time disruption, directors are expected to invest deep preparation, continuous learning, and sustained availability

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File revised returns if AIS is showing additional income

YOUR QUERIES: INCOME TAX

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December 20, 2025

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