Chinese artificial intelligence startup DeepSeek is reportedly developing its own AI chip in a major strategic move that could significantly reduce its reliance on hardware from Nvidia and Huawei. The project, which has been under development for about a year according to people familiar with the matter, marks DeepSeek’s biggest expansion beyond AI model development…
The rapid growth of digital payments, cryptocurrencies, and stablecoins has sparked debate about whether traditional financial institutions are still necessary. While many technology enthusiasts believe digital money can operate independently, financial experts continue to argue that central banks remain the foundation of a stable monetary system. A new discussion featuring an expert from the Bank…
Britain could face major tax increases or deep public spending cuts within the next few years unless the government takes decisive action to stop the country’s debt from rising to unsustainable levels, according to a new report released by the Office for Budget Responsibility (OBR). The independent fiscal watchdog warned that the UK’s public finances…
The rapid expansion of artificial intelligence (AI) data centers across the United States is creating an unexpected challenge for traditional manufacturers. As tech companies continue building massive facilities to power AI services and cloud computing, electricity demand is rising sharply, driving up energy costs for factories throughout America’s industrial heartland. Manufacturers in states such as…
French energy giant TotalEnergies is moving closer to expanding its presence in Syria, as Chief Executive Patrick Pouyanné arrived in Damascus for high-level discussions aimed at securing a new offshore oil and gas exploration contract. The visit comes as the company seeks to strengthen its long-term energy investments in the Eastern Mediterranean, a region that…
The Bank of England has indicated that new regulations specifically designed for advanced artificial intelligence systems may soon be required to protect the financial sector, marking a significant shift in the regulator’s approach to AI oversight. Speaking at the European Central Bank Forum on Central Banking in Portugal on Tuesday, Bank of England Deputy Governor…
Global investment banking giant Goldman Sachs has announced the appointment of former Google executive Evan Kotsovinos as a partner and the new head of engineering for its asset and wealth management division, marking another major technology-focused leadership hire by the Wall Street firm. The appointment reflects Goldman Sachs’ continued push to strengthen its engineering capabilities…
The United States Federal Communications Commission (FCC) has announced plans to move forward with a major auction of mid-band wireless spectrum in 2027, a move expected to significantly strengthen the country’s next-generation wireless infrastructure and expand 5G services. The FCC confirmed that it will vote on July 22 on a proposal to auction 160 megahertz…
Indian state-owned oil refiners have secured approximately 8 million barrels of crude oil through international tenders, highlighting the country’s continued efforts to diversify energy imports amid changing global market conditions. The latest purchases were made by Indian Oil Corporation (IOC) and Hindustan Petroleum Corporation Limited (HPCL), with cargo deliveries scheduled between August and early September…
Russian motorists are facing growing frustration as fuel shortages continue to spread across several regions, forcing drivers to wait for hours at petrol stations amid increasing pressure on the country’s energy infrastructure. The worsening fuel crisis, which stretches from the region surrounding St. Petersburg to parts of Siberia, comes as repeated attacks on Russian energy…