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AI Investment Trends: Aramco Backs Telefonica-Linked Startup, DeepSeek Innovates
Aramco's Venture Arm Invests in Telefonica-Backed AI Startup
Image Source: Bloomberg
• Saudi Aramco's venture arm has made an investment in an AI cloud startup supported by Telefonica SA, contributing to Saudi Arabia's goal of establishing itself as an AI hub.
• The investment signifies a strategic move by Saudi Aramco to participate in the advancement of AI technologies through partnerships with established entities in the field.
How Europe's AI Ventures Are Finding Routes To Market
Image Source: Forbes
• European AI ventures are exploring routes to market amidst significant investments in AI, primarily focused on foundational technology in the U.S.
• The article delves into the challenges and opportunities faced by European AI ventures in attracting capital and establishing themselves in the AI market.
DeepSeek: all the news about the startup that's shaking up AI stocks
Image Source: Verge
• DeepSeek, a Chinese startup, is disrupting the AI industry with cost-efficient large language models like the R1 reasoning model that rivals those from OpenAI and Meta.
• The startup has introduced the Janus Pro multimodal AI model, showcasing its capabilities in competing with established giants in the field.
Tencent Shares Surge, Baidu Slides After DeepSeek's WeChat Debut
Image Source: Bloomberg
• DeepSeek, an AI service, made its debut on Tencent's WeChat social media platform, causing Tencent's shares to surge.
• The emergence of DeepSeek in 2021 is significant for the AI industry and has had an impact on the market performance of Tencent Holdings Ltd. and Baidu.
Apple and Meta Are Set to Battle Over Humanoid Robots
Image Source: Bloomberg
• Apple and Meta are gearing up to compete in the realm of AI-powered humanoid robots.
• Apple is focusing on developing a new external Mac display, exploring monetization of its maps app, and accelerating the introduction of AI features in China, while facing challenges with new Siri updates and expanding its TV+ app to Android phones.