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The US-led tariff war gets all the blame for Bitcoin’s year-to-date weakness, but there are other factors weighing on BTC price. Despite Bitcoin’s 2.2% gains on April 1, BTC (BTC) hasn’t traded above $89,000 since March 7. Even though the recent price weakness is often linked to the escalating US-led global trade war, several factors…
OpenAI expects revenue to reach $12.7 billion this year, driven by its paid AI subscription offerings — but Chinese AI rivals are spinning up in droves. OpenAI expects to more than triple its revenue this year to $12.7 billion, despite fast-growing competition from the likes of China’s DeepSeek and other competitors making rapid progress. The…
Anthropic’s CEO Dario Amodei is worried that spies, likely from China, are getting their hands on costly “algorithmic secrets” from the U.S.’s top AI companies – and he wants the U.S. government to step in. Speaking at a Council on Foreign Relations event on Monday, Amodei said that China is known for its “large-scale industrial…
There’s lots of scrutiny involving China obtaining advanced Nvidia chips despite strict U.S. export controls, with Chinese merchants already reportedly ordering Nvidia’s powerful Blackwell GPUs. On Thursday, Singaporean police arrested three men for allegedly smuggling Nvidia chips, Singapore’s national broadcaster Channel News Asia reported. The three men, two Singaporeans and one Chinese citizen, were charged…
Analysts say Bitcoin’s recent weekend pump to $95,000 is eerily similar to the “Xi pump” in 2019. Bitcoin’s weekly chart was on track to close below $90,000 for the first time since November 2024, but a late surge pushed prices higher following US President Donald Trump’s announcement of a crypto strategic reserve. Bitcoin weekly chart….
Bouncing back from a major slowdown in 2024, China‘s theatrical box office is generating boffo business again. Ticket sales revenue in the country has totaled $978 million since the Chinese New Year holiday kicked off on Jan. 29, a 27.3 percent compared to the first five days of last year’s holiday. Enlight Pictures’ animated sequel…
A senior U.S. lawmaker says representatives of Elon Musk were granted “full access” to a U.S. Treasury payments system used to disperse trillions of dollars to Americans each year, and warned that Musk’s access to the system poses a “national security risk.” Sen. Ron Wyden, a Democratic senator from Oregon and ranking member of the…
DeepSeek’s terms of service explicitly states it stores user data on Chinese servers and that it governs that data under Chinese law — which mandates cooperation with the country’s intelligence agencies. But that didn’t stop U.S. Department of Defense workers from getting caught up in the DeepSeek hype this week and connecting their work computers…
India’s IT minister on Thursday praised DeepSeek‘s progress and said the country will host the Chinese AI lab’s large language models on domestic servers, in a rare opening for Chinese technology in India. “You have seen what DeepSeek has done — $5.5 million and a very very powerful model,” IT Minister Ashwini Vaishnaw said on…
American TikTok users have been thumbing their collective noses at the U.S. government’s decision to ban TikTok by spitefully joining another Chinese social media app, Red Note (aka Xiaohongshu), sending it to the top of the U.S. App Store on Monday. Unfortunately, many of those who already made the transition have faced problems with having…