Denemek ALTIN - Özgür

DeepSeeking AI Action Summit

Financial Express Kochi

|

February 18, 2025

Even though America signed the 2015 Paris Climate Summit, they continued to feel uneasy about it. Ten years on, Paris just hosted an important summit on artificial intelligence (AI).

- Atanu Biswas

And at this historic AI Action Summit in Paris, the US and the UK didn't sign the declaration on “inclusive and sustainable” AI.

In fact, French President Emmanuel Macron announced that Europe will reduce regulations to facilitate the growth of AI in the continent. However, “excessive regulation of the AI sector could kill a transformative industry”, US Vice President JD Vance warned against the European Union’s (EU) regulatory approach. In particular, he urged Europeans to view the new AI frontier with optimism rather than trepidation.

America’s recent uneasiness regarding AI might have been driven by China’s DeepSeek, which is currently dominating the AI landscape. DeepSeek appeared about two weeks before the summit and overshadowed it as well. In fact, the discussions and reactions from different parties—the summit as a whole—might have been entirely different in the absence of DeepSeek. Even while ideas like “AI sovereignty” have been around for a while, everyone, even American leaders, understood in the years before DeepSeek that the rest of the world would have to rely on the monopolistic American Big Tech industry.

Then came DeepSeek. One of America’s main concerns was that it implied China had surpassed American know-how in AI. Moreover, we all knew, wrongly though, that hefty investments are necessary for AI innovation. In the process, Big Tech aspires to get bigger. One of Donald Trump’s first few announcements in his second term was that OpenAI, Oracle, and SoftBank have together pledged a $500-billion investment to create AI infrastructure under a joint venture called “Stargate”. However, now that China has stormed into AI innovation with DeepSeek, its low-tech, low-cost alternative to OpenAI’s ChatGPT, other countries dared to leap forward.

Financial Express Kochi'den DAHA FAZLA HİKAYE

Financial Express Kochi

ICICI Pru AMC issue booked 72% on first day

THE INITIAL PUBLIC offering (IPO) of ICICI Prudential AMC, the second-largest mutual fund house by assets, was subscribed 72% on the first day of the bidding on Friday.

time to read

1 min

December 13, 2025

Financial Express Kochi

Rupee hits fresh closing low, drift may continue

It touched 90.56 against the dollar intra day

time to read

1 mins

December 13, 2025

Financial Express Kochi

Vinesh returns to the mat, eyes medal at 2028 Games

STAR WRESTLER VINESH PHOGAT on Friday announced that she would be coming out of retirement to take another shot at an elusive Olympic medal at the 2028 Los Angeles Games as the “the fire never left” her and was merely buried under “exhaustion and noise”.

time to read

1 mins

December 13, 2025

Financial Express Kochi

Govt allows coal linkage auction for all end uses

Exports of the fuel allowed for the first time

time to read

1 mins

December 13, 2025

Financial Express Kochi

SBI reduces lending rates after RBI rate cut

STATE BANK OF India (SBI) on Friday revised its lending rates following the Reserve Bank of India’s latest 25-bps reduction in the repo rate.

time to read

1 min

December 13, 2025

Financial Express Kochi

Guaranteed rural job days to be hiked

IN ITS REPORT, tabled in March 2025, the parliamentary standing committee on rural development and panchayati raj had advocated increasing guaranteed workdays from 100 to 150 and raising wages to at least 400 per day.

time to read

1 min

December 13, 2025

Financial Express Kochi

Top-10 stocks will start to outperform: DSP Netra

THE OUTPERFORMANCE PHASE is restarting for the top 10 companies in terms of market capitalisation, DSP Netra said in a report citing recent trends.

time to read

1 mins

December 13, 2025

Financial Express Kochi

NTPC to float bids for nuclear reactors

FROM THE FRONT PAGE

time to read

2 mins

December 13, 2025

Financial Express Kochi

Govt speeds up visa for Chinese professionals

• Processing time less than 1 month now; China sees ‘positive action’

time to read

1 min

December 13, 2025

Financial Express Kochi

Credit growth at 1-year high

BANK CREDIT GROWTH touched 11.53% for the fortnight ended November 28, 2025, marking the strongest lending momentum in 12 months, reports Mahesh Nayak.

time to read

1 min

December 13, 2025

Listen

Translate

Share

-
+

Change font size