Microsoft and OpenAI Probe DeepSeek for Unauthorized AI Data Access
Microsoft and OpenAI are currently investigating the possibility that data from OpenAI’s advanced AI models may have been accessed illegally by a Chinese AI startup, DeepSeek. This investigation comes amid the growing competition between the United States and China in...
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Australia’s Inflation Rate Falls to 2.4% in Q4 2024
Australia’s inflation rate dropped to 2.4% in Q4 2024, down from 2.8% in Q3, marking the lowest level since Q1 2021. This decline was slightly better than market expectations of 2.5%. The primary driver behind this slowdown was a significant...
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US Durable Goods Orders Decline in December 2024
In December 2024, the US Durable Goods decline in new orders for manufactured durable goods, with total orders falling 2.2% month-over-month, reaching $276.1 billion. This decrease marked a significant departure from market expectations, which had forecast a modest increase of...
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The Global Market Impact of Chinese New Year
Chinese New Year, or Lunar New Year, isn’t just a cultural celebration—it’s an event that ripples through global markets. As one of the most significant holidays in China, the festival brings weeks of festivities, travel, and economic slowdowns. Considering China’s...
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Nvidia’s $593 Billion Loss: A Record-Breaking Market Drop
On Monday, Nvidia made history for all the wrong reasons. The tech giant’s stock plummeted by a staggering 16.9%, resulting in a $593 billion loss in market value—marking the largest one-day drop in U.S. stock market history. This sudden decline...
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