theguardian_business

Debate over AI’s future divides Silicon Valley as China gains ground

📰 source: theguardian_business · 💼 business

silicon valley is split on open-source ai as china's new kimi k3 model competes with us counterparts. nvidia ceo jensen huang, microsoft ceo satya nadella, and elon musk posted support for open models, arguing they strengthen safety and innovation. a microsoft-led open letter signed by spacex, palantir, andreessen horowitz urged the us government to embrace open-source. anthropic and openai oppose, citing safety risks and china advantage. openai's dean ball warned of 'full ai communism'. the trump administration is also divided: treasury secretary scott bessent accused chinese models of ip theft, but some us firms rely on cheaper chinese models. meanwhile, the eu fined google $1bn for digital markets act violations, but google's $120bn quarterly profit dwarfed the penalty. its stock fell 7% after capex guidance rose to $205bn, free cashflow turned negative.

why it matters: the ai open-source debate directly impacts us competitiveness against china and the cost structure for startups and big tech.

source: theguardian_business
sentiment: +0.00 · impact: 0.60

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📰 source: bbc_business · 💼 business bank worker yongjoon kim lost 20 million won ($14,000) on seoul's kospi last month, money meant for his wedding home. his tech investments fell about 25% in july. the index more than doubled to 9,000 points by mid-june before plunging to 5,

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📰 source: cnbc_topnews · 💼 business the s&p 500's blended net profit margin is running at 16.9% for q2, up from 14.8% in q1 and 12.9% a year ago. that's the highest since factset began tracking in 2009, and well above the five-year

Workday shares post best day in 10 years on Silver Lake takeover report

📰 source: cnbc_topnews · 💼 business workday shares posted their best day in ten years after a report said silver lake is exploring a takeover. the enterprise software company's stock jumped on the news. investors had been worried that ai could disrupt workday's core human capital and financial

Trade court upholds Trump's closure of 'de minimis' loophole

📰 source: cnbc_topnews · 💼 business a federal trade court on thursday upheld trump's elimination of the de minimis exemption, which allowed goods under $800 into the us tax free. the ruling came in a lawsuit from detroit axle, a michigan auto-parts distributor that sued the administration in may 2025,

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'I lost $14,000 in a month': Investors hit by Korean stock market's wild swings

These charts show why stocks keep rallying. Profit margins are the highest on record

Workday shares post best day in 10 years on Silver Lake takeover report

Trade court upholds Trump's closure of 'de minimis' loophole