JAKARTA: Indonesia posted a US$ 1.1 billion gap in its current account in the last quarter of 2024, similar to 0.3 per share of GDP, the central bank said in a statement on Thursday. In the final three months of 2024, the nation recorded a US$ 7.9 billion glut inContinue Reading
After Donald Trump stomped on steel and aluminum imports and warned that all nations would face “reciprocal” levies, stocks were largely down in Asia on Monday ( Feb 10 ). Following deficits on Wall Street as a result of data showing US consumers are becoming more concerned about inflation andContinue Reading
Trump had likewise argued that the DeepSeek growth might be advantageous for US tech companies, claiming that they could” spend less” and” come up with a solution that will ideally work the same way.”
Wang noted that DeepSeek shook the industry and raised concerns about whether the US is spending too much.
Nvidia’s stock dropped nearly 17 % on Monday, erasing almost US$ 600 billion of its market value, making it the largest single-day loss for a firm on Wall Street.
” Is the US spending too much? Do we spend too much on files, or? Can we do this with less power? And that’s the proper inquiry, because we want to see how tech costs decrease over time, Wang said.
He also cited China’s electricity potential as an advantage over America’s.
” We’re talking about hundreds of gigawatts of coal-fired species. We’ve got little compact atomic reactor, and we’ve got nuclear reactor and water that are coming online, which makes China perhaps the lowest-cost supplier of energy in the future”, he added.
Silicon Valley has recently invested large sums of money in nuclear power projects to realize optimistic AI programs that require power-intensive data centers.
Given that it appears to have found a way to give AI at a fraction of the cost with open-source designs, Wang added, DeepSeek has also put stress on large tech companies to demonstrate their value success to customers.
” That’s what we’re all hoping for in the AI earth, because unlike the online right now, AI is closed, it’s centralised, it’s expensive, and there are few people”, he added.
” If we were trying to get an internet-level detonation, you need decentralised and open, you need cheaper, and a lot more people to be able to be in this design. What ( DeepSeek has ) shown is that this is possible”.
A group representing Indian and international book publishers is asking an American court to reject its request to stop the publication’s ChatGPT service from disseminating open information, according to legal documents. The case, which started with legal action last year by the local news agency ANI, will be heard inContinue Reading
Indonesia is close to a deal with Apple for an investment plan that could lift a ban on iPhone 16 sales in the country, investment minister Rosan Roeslani told Bloomberg News on Tuesday ( Jan 21 ). ” Maybe within one or two months this issue can be resolved”, RoeslaniContinue Reading
The financial adviser on Friday ( Dec. 20 ) determined that a consortium of the country’s sovereign wealth fund and BlackRock’s Global Infrastructure Partners ‘ takeover bid for Malaysia Airports Holdings was financially viable for shareholders. “HLIB is of the view that the offer is’ not fair’ but ‘ reasonableContinue Reading
Nissan and Japanese automaker Honda will officially begin discussions on a acquisition to increase their standing in the field of electric vehicles, where Chinese brands are vying for supremacy. At the same time, Chinese technology behemoth Foxconn has approached France’s Renault to get its huge interest in Nissan, according toContinue Reading
BANGKOK: Thailand’s cabinet on Wednesday ( Dec 11 ) approved debt support measures, including interest suspensions and reduced principal payments, to help tackle household debt, Prime Minister Paetongtarn Shinawatra said. The steps will help wholesale lenders and smaller companies, she told a media event. Finance Minister Pichai Chunhavajira informed investigatorsContinue Reading
The World Bank announced on Tuesday ( Dec. 10 ) that the Philippine economy is expected to grow more slowly than initially anticipated this year after the country was hit by a number of typhoons. However, it should be stronger in 2025 and 2026, according to the World Bank. GrossContinue Reading
Liquidators of property developer China Evergrande on Thursday (Nov 28) presented a winding-up petition against unit Tianji Holding, a guarantor for certain offshore senior notes issued by Scenery Journey which is also a member of the group. “The Liquidators consider the winding-up petition against Tianji Holding to be in theContinue Reading