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The Latest Breaking News from China

Tuesday briefing: How an unknown Chinese startup wiped $593bn from the value of an AI giant

In today’s newsletter: the US has had a huge head start on artificial intelligence – but now a low-cost rival from Hangzhou has turned the industry on its head

The Guardian - UK

India and China agree to resume direct flights for first time in five years

Suspension of flights started with the Covid-19 pandemic but continued long after due to military clashes along the countries’ shared Himalayan border

The Independent UK

Breakout Chinese AI 'Programmed' To Toe The Party Line

Chinese AI chatbot DeepSeek has made waves in Silicon Valley, stunning investors and industry insiders with its ability to match the skills of its Western competitors at a fraction of the cost.

International Business Times

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Chinese Low-cost AI Assistant DeepSeek Hits Crypto AI Tokens Hard

Chinese AI startup DeepSeek has launched its AI assistant, and it's not only affecting U.S. stock markets but also crypto-AI tokens that were expected to make a significant rally this year.

International Business Times

Trump warns new Chinese DeepSeek AI is a ‘wake up call’ for US tech companies

The Chinese start-up DeepSeek’s latest large language model has been described as a ‘Sputnik moment’ for the American tech industry

The Independent UK

We tried out DeepSeek. It worked well, until we asked it about Tiananmen Square and Taiwan

The AI app soared up the Apple charts and rocked US stocks, but the Chinese chatbot was reluctant to discuss sensitive questions about China and its government

The Guardian - AU

Asia shares are mixed after a US tech selloff as a Chinese rival joins the global AI frenzy

Asian shares are trading mixed after Wall Street’s tech superstars tumbled as a competitor from China raised doubts over the recent artificial-intelligence market frenzy

The Independent UK

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Trump Warns Of 'Wake-up Call' As Low-cost Chinese AI Jolts Silicon Valley

Trump said the DeepSeek release "should be a wake-up call for our industries that we need to be laser-focused on competing to win." He argued that it could be a "positive" for US tech giants, adding: "instead of spending billions and billions, you'll spend less, and you'll come up with…

International Business Times

Japanese Tech Stocks Hit By AI Fears, Dollar Boosted By Tariff Talk

Japanese tech firms sank Tuesday after a sell-off in US titans following news of China's DeepSeek chatbot, while the dollar rallied on a report saying Washington was considering universal tariffs on a range of goods.

International Business Times

Threats, prayers and protests: the supporters backing South Korea’s impeached president

Yoon Suk Yeol faces insurrection charges and an impeachment trial that his backers dismiss as a communist conspiracy linked to China and North Korea

The Guardian - AU

Indonesian president Prabowo’s first 100 days marked by u-turns, missteps … and sky-high popularity

Prabowo appears at ease on the global stage and enjoys a high approval rating at home but analysts point to a lack of direction on foreign policy

The Guardian - AU

Why DeepSeek's R1 may not be the bad news for Nvidia and U.S. export controls that many assume

Jevons Paradox and 'test time compute' mean the need for advanced computer chips may soar, not plummet.

Fortune

How China's DeepSeek shook up US markets, by the numbers

News from China upset U.S. markets Monday and disrupted the frenzy that had built up around artificial intelligence

The Independent UK

Nvidia share price plummets as it loses more than $600B in valuation, the biggest single-day loss in history

China's new R1 AI model is putting the boots to Nvidia.

PC Gamer

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Mic

Meta is in a Panic Over The Rise Of DeepSeek AI — And They’re Not Alone

Meta and other AI competitors are facing challenges from China's DeepSeek as its new AI model outperforms competitors at lower costs.

Barchart

Technology Stocks Upended by China’s DeepSeek

The S&P 500 Index ($SPX ) (SPY ) Monday closed down -1.46%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.65%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -2.97%. March E-mini S&P futures (ESH25 ) are down by -1.38%, and March E-mini Nasdaq...

Kiplinger

Stock Market Today: Markets Tumble on DeepSeek Shock

A cheap AI chatbot from China disrupted the biggest U.S. tech companies.

The Independent UK

Woman gets more than 3-year prison term for helping pregnant Chinese women get to US

A California woman has been sentenced to more than 3 years in prison for running a business that helped pregnant Chinese women travel to the United States to deliver babies who automatically became American citizens

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news in one place.

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Barchart

Crude Closes Lower on Concerns About Weak Chinese Economic Activity

March WTI crude oil (CLH25 ) Monday closed down -1.49 (-2.00%), and March RBOB gasoline (RBH25 ) closed down -0.0217 (-1.05%). Crude and gasoline prices tumbled to 2-week lows Monday and settled moderately lower. Crude prices were under pressure Monday due to the concern that weakness in China's economy will...

Barchart

High Volatility Could Soon Hit Ag Futures Markets. Here’s 2 Ways to Play It.

New and potentially disruptive policies from President Donald Trump are likely to create near-term volatility in ag futures market prices.

The Independent UK

What is DeepSeek, the Chinese AI company upending the stock market?

A frenzy over an artificial intelligence chatbot made by Chinese tech startup DeepSeek was upending stock markets Monday and fueling debates over the economic and geopolitical competition between the U.S. and China in developing AI technology

Barchart

China’s DeepSeek AI Triggers Selling Pressure in Grain Futures. What Will It Take for Prices to Climb Again?

Grain market bulls will likely return when stock indices calm down. Here are other factors to watch this week.

The Conversation

What is the story of hongbao, the red envelopes given out at celebrations like Lunar New Year?

Red envelopes, known as hongbao in Mandarin, are a cherished cultural tradition in China and many other parts of Asia.

Fortune

DeepSeek is the hottest new AI chatbot—but it comes with Chinese censorship built in

Fortune

Meet the hedge fund manager who founded DeepSeek, the Chinese AI startup that began as a hobby and is now laying waste to U.S. stocks

Liang Wenfeng started DeepSeek in 2023, aiming to develop artificial general intelligence.

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