Nvidia drops nearly 17% as China’s cheaper AI model DeepSeek sparks global tech sell-off

Jan 27, 2025 | Markets

Key Points U.S. technology firms like Nvidia plunged after Chinese startup DeepSeek sparked concerns over competitiveness in AI and America’s lead in the sector. DeepSeek launched a free, open-source large language model in late December, claiming it was developed...

Google lays off hundreds of ‘Core’ employees, moves some positions to India and Mexico

May 2, 2024 | Markets

Google is laying off at least 200 employees from its “Core” organization, which includes key teams and engineering talent, CNBC has learned. As part of the unit’s reorganization, the company will hire corresponding roles in Mexico and India. “Announcements of this...

U.S. housing prices are likely to enter a long period of decline, advisory firm CEO says [VIDEO]

Apr 2, 2024 | Markets

U.S. housing prices are likely to enter a long period of decline, advisory firm CEO says Source:...

Gucci owner Kering tanks 14% after Asia profit warning, dragging down Europe luxury brands

Mar 20, 2024 | Markets

Shares of French luxury group Kering plunged 14% on Tuesday after the company warned that Gucci sales look set to fall 20% year-on-year in the first quarter, amid declining Asia transactions. The rare profit warning forecasts overall group revenues to drop 10% in the...

Google pauses Gemini AI image generator after it created inaccurate historical pictures

Feb 22, 2024 | Markets

Google on Thursday said it is pausing its Gemini artificial intelligence image generation feature after saying it offers “inaccuracies” in historical pictures. Users on social media had been complaining that the AI tool generates images of historical figures — like...