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China's DeepSeek tops iPhone downloads and spurs AI Selloff

Hindustan Times Rajasthan

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January 28, 2025

Chinese startup DeepSeek's eponymous AI assistant rocketed to the top of Apple Inc.'s iPhone download charts, stirring doubts in Silicon Valley about the strength of America's lead in AI.

- Bloomberg

NEW DELHI:

The app's underlying artificial intelligence model is widely seen as competitive with OpenAI and Meta Platforms Inc.'s latest. Its claim that it cost much less to train and develop triggered share moves across Asia's supply chain.

Chinese tech firms linked to DeepSeek, such as Iflytek Co., surged on Monday, while chip-making tool makers from Netherlands' ASML Holding NV to Japan's Advantest Corp. slumped on the potential threat to demand for Nvidia Corp.'s AI accelerators. US stock index futures also tumbled amid concerns that DeepSeek's AI models may disrupt US technological leadership.

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In Bihar, voters are not fixated on caste alone

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Whose America is it? In US, Indians face the heat

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Bihar’s caste plus politics

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Mediation clause can’t block urgent IPR suits, SC rules

When imitation masquerades as innovation, it sows confusion among consumers, taints the marketplace and diminishes faith in the sanctity of trade, the Supreme Court has underlined, ruling that courts cannot insist on pre-litigation mediation in intellectual property infringement cases where the injury is continuing and deception of the public is involved.

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INDIA INDUSTRIAL OUTPUT GROWS BY 4% IN SEP, DRIVEN BY MFG SECTOR

Industrial activity, as measured by the Index of Industrial Production (IIP), grew at 4% in September. While technically a three-month low, the September IIP growth number is not very different from what it was in July and August at 4.3% and 4.1% respectively.

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