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China's DeepSeek on Friday released a new artificial intelligence model that fell short of closing the performance gap with leading US labs. The result tempers expectations that had built since the firm's earlier R1 release shocked the industry in January 2025, according to Bloomberg. What The Mode

Chinese AI startup DeepSeek released a new artificial intelligence model on April 24, 2026, claiming drastically reduced operational costs. The release arrives more than a year after the company's debut model unsettled the global AI industry and sparked a broad reassessment of infrastructure spendin

The White House accused China of stealing American artificial intelligence labs' intellectual property on an industrial scale. What the Memo Says Reuters described the White House document as accusing China of targeting US AI research institutions and commercial AI labs for systematic IP theft. The

Circle's chief executive sees a major opening for a yuan-backed stablecoin, even as Beijing resists private issuance and pushes its own digital currency. Allaire's Stablecoin Forecast Jeremy Allaire, head of Circle Internet Group, told Reuters in Hong Kong on Thursday that China could launch a yuan

The UK government is moving to tighten rules on political donations by introducing limits on overseas funding and temporarily banning contributions made in cryptocurrency, in a measure officials say is aimed at reducing the risk of foreign influence in domestic elections. Under proposals set out in