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Baidu CEO says more AI spend still needed despite DeepSeek's success

February 11 2025 | TW News Correspondent

Investment in data centres and cloud infrastructure is still needed despite DeepSeek challenging the cost efficiency of large AI models, Baidu (9888.HK), opens new tab CEO Robin Li said on Tuesday.

"The investment in cloud infrastructure is still very much required. In order to come up with models that are smarter than everyone else, you have to...
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Musk-led group makes $97.4 billion bid for control of OpenAI

February 11 2025 | TW News Correspondent

A consortium led by Elon Musk said on Monday it has offered $97.4 billion to buy the nonprofit that controls OpenAI, another salvo in the billionaire's fight to block the artificial intelligence startup from transitioning to a for-profit firm.

Musk's bid is likely to ratchet up longstanding tensions with OpenAI CEO Sam Altman over the future of the ChatGPT maker at the h...
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Apple and Google Remove Malware-Infected Apps from App Stores

February 11 2025 | TW News Correspondent

Apple and Google have removed 20 malware-infected apps from their respective app stores, which had been used for data theft for nearly a year. Cybersecurity firm Kaspersky reported that the malware, known as “SparkCat,” had been active since March 2024. The information was first reported by TechCrunch.

Initially, the malware was detected in a food delivery app oper...
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Macron unveils a $112B AI investment package, France’s answer to Stargate

February 10 2025 | TW News Correspondent

French President Emmanuel Macron announced a total of €109 billion in private investments in the AI ecosystem (around $112 billion at current exchange rates) on Sunday evening.

This week, Paris is hosti...
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South Korea spy agency says DeepSeek 'excessively' collects personal data

February 10 2025 | TW News Correspondent

South Korea's spy agency has accused Chinese AI app DeepSeek of "excessively" collecting personal data and using all input data to train itself, and questioned the app's responses to questions relating to issues of national pride.

The National Intelligence Service (NIS) said it sent an official notice to government agenci...
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Nokia picks Intel's AI and data centre leader Hotard as new CEO

February 10 2025 | TW News Correspondent

Finnish telecoms company Nokia (NOKIA.HE), opens new tab on Monday said Pekka Lundmark would step down as CEO, and that it has appointed Justin Hotard to take over his role.

Hotard, who will take up the position on April 1, is currentl...
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Paris AI summit draws world leaders and CEOs eager for technology wave

February 10 2025 | TW News Correspondent

World leaders and technology executives are convening in Paris on Monday to discuss how to safely embrace artificial intelligence at a time of mounting resistance to heavy-handed red tape that businesses say stifles innovation.

Eagerness to rein in AI has waned since previous AI summits in Britain and South Korea that focused world powers' attention on technology's risks after ChatGPT's viral launch in 202...
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Elon Musk Dismisses Interest in Acquiring TikTok

February 09 2025 | TW News Correspondent

American billionaire Elon Musk has made it clear that he is not interested in acquiring TikTok. Despite ongoing efforts by the U.S. government to ban the Chinese-owned short-video platform, Musk has stated that he has not placed a bid for TikTok and has no plans to do so in the future, according to a report by Reuters.

Musk’s remarks,...
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AI pioneer Fei-Fei Li says AI policy must be based on ‘science, not science fiction’

February 09 2025 | TW News Correspondent

Fei-Fei Li, the Stanford computer scientist and startup founder sometimes known as “the Godmother of AI,” has outlined “three fundamental principles for the future of AI policymaking” ahead of next week’s AI Action Summit in Paris.

First, Li said policy must be based on “science, not s...
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