The Rundown OpenAI Accuses DeepSeek of Data Theft, Trump Media Expands into Financial Services
18 snips
Jan 29, 2025 Tech stocks are on the rise as investors eye the upcoming Federal Reserve meeting. OpenAI is making waves with allegations against DeepSeek over data theft, potentially shaking up the tech landscape. Meanwhile, Alibaba is gaining traction in the AI sector, and Starbucks is rejuvenating its brand. Apple’s partnership with SpaceX is generating buzz, while Trump Media boldly steps into the financial services arena. In contrasting financial news, Chili's excels with innovative marketing, while Lending Club faces tough times with dwindling share prices.
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Tech Stock Rebound
- Tech stocks rebounded after Monday's dip, with NVIDIA recovering 9% after a 17% drop.
- Investors see potential benefits for Meta and Amazon if AI costs decrease, as DeepSeek suggested.
Fed Meeting Preview
- The market expects no immediate rate cuts from the Fed due to strong jobs reports and inflation.
- Zayda Admani speculates on how Jerome Powell will respond to Trump's call for lower rates.
OpenAI vs. DeepSeek
- OpenAI accuses DeepSeek of stealing data to train their AI model, confirmed by Microsoft and Bloomberg.
- DeepSeek allegedly used a technique called distillation to enhance its model, violating OpenAI's terms of service.