Investors misinterpreted DeepSeek's AI advancements, Nvidia CEO Jensen Huang said.DeepSeek's large language models were built with weaker chips, rattling markets in January.Huang emphasized the importance of AI post-training in a pre-taped interview released Thursday.Investors took away the wrong message from DeepSeek's advancements in AI, Nvidia CEO Jensen Huang said at a virtual event aired Thursday. DeepSeek, a Chinese AI firm owned by hedge fund High-Flyer released a competitive, open-source reasoning m ...

Core Points - Meta is intensifying its legal actions against the buying and selling of Instagram accounts and unauthorized account reinstatement services, marking the first time such actions have been taken in the US [1][7] - The lawsuits target individuals who allegedly violated Instagram's terms of service by offering these services, with specific cases filed against Daniel Folger and Idriss Qibaa [2][4] Group 1: Legal Actions - Meta filed a lawsuit against Daniel Folger for selling Instagram usernames and unauthorized reinstatement services, with prices ranging from $700 to $50,000 [2][7] - The lawsuit against Folger claims he conspired with a Meta contractor to misuse internal appeal channels to reinstate disabled accounts [3] - A similar lawsuit was filed against Idriss Qibaa for selling unauthorized Instagram services, including account reinstatement and fake engagement services [4][7] Group 2: Market Context - The underground market for Instagram services has been reported previously, with users trading monetization-eligible accounts and facing issues like ransom and harassment [6] - Meta's recent lawsuits indicate a stricter enforcement approach against the most egregious offenders in this underground market [7]

Core Viewpoint - President Donald Trump expressed concerns that it would be "unfair" for Tesla to open a factory in India due to the country's high import tariffs on electric vehicles, which can reach up to 100% [1][2]. Group 1: Tariff Policies and Market Entry - Trump criticized India's tariff policy, stating that it makes it "impossible" for Tesla to sell cars in the country [2]. - He mentioned that if Musk were to build a factory in India, it would still be "unfair" to the US, highlighting the protectionist nature of India's tariffs [2][3]. - India announced plans to lower EV tariffs for companies willing to invest in local manufacturing, which could facilitate Tesla's entry into the market [4]. Group 2: Tesla's Expansion Plans - Tesla has been actively seeking to establish a presence in India, recently posting job advertisements for showroom positions in New Delhi and Mumbai [5][9]. - Speculation exists that Tesla may announce a significant investment in India, although plans were postponed due to recent layoffs [4][5]. Group 3: Political Dynamics - Musk's ambitions in India may conflict with Trump's advocacy for a tough tariff regime aimed at boosting domestic manufacturing [6]. - Trump noted that he is monitoring potential conflicts of interest regarding Musk's dual role as a business leader and political advisor [7].

Core Points - Amazon is officially adopting Zoom as its primary meeting application, replacing its own Chime application [1][2][7] - The decision to replace Chime is attributed to its limited external use and the availability of better collaboration solutions from partners [2][3] - Amazon is also rolling out Microsoft's 365 productivity tools internally, committing to spend $1 billion over five years [4][7] Summary by Category Meeting Applications - Zoom will replace Amazon Chime as the standard meeting application for internal meetings at Amazon [1][2] - Chime, launched in 2017, had limited external use, prompting the shift to Zoom [2][7] - Microsoft Teams will be available for meetings requiring full integration with M365, while Cisco Webex will be used for meetings with Cisco customers [5] Productivity Tools - Amazon has begun implementing Microsoft's 365 tools, allowing employees access to applications like Outlook, Word, Excel, and PowerPoint [4][7] - The migration to Microsoft's cloud applications will occur on a rolling basis [4]

Core Insights - Amazon's retail CEO Doug Herrington emphasizes the necessity of cost-cutting to fund new growth opportunities, indicating a dual focus on efficiency and innovation [1][10] - The company has been actively reducing its cost-to-serve metric, which measures the fulfillment cost of shipments, by eliminating inefficiencies in the delivery process [2][9] - Amazon's ongoing cost-cutting measures have led to record profits and cash reserves, allowing for significant investments in AI data centers and efficient delivery systems [4][3] Cost-Cutting and Investment Strategy - Herrington stated that cost reductions and new investments should be complementary, aiming for a balance that drives efficiency [5][6] - The company has laid off at least 27,000 employees since late 2022 and closed several less profitable services, which has contributed to its financial success [3][4] - Amazon plans to invest a record $105 billion in capital expenditures by 2025, focusing on areas like fast shipping and improved customer service [4][10] Operational Improvements - Herrington highlighted the importance of improving delivery efficiency, which has been achieved through investments in faster shipping options and better customer service [2][7] - Amazon's retail CFO Gale Carpenter noted that recent investments in warehouses have reduced transportation costs by serving smaller regions, thus enhancing overall efficiency [8][9] - The company has successfully improved its average cost-to-serve on a per-unit basis for two consecutive years and aims to maintain this momentum into 2025 [9][10]

Core Points - KFC is relocating its US headquarters from Louisville, Kentucky to two new locations in Plano, Texas and Irvine, California [1][2] - The move aims to enhance collaboration among brands and employees, while maintaining corporate offices in Louisville [2][3] - Approximately 100 KFC US corporate roles will be relocated over the next six months, with an additional 90 remote employees returning to the office over the next 18 months [3] Company Overview - Yum Brands, the parent company of KFC, operates four major food and beverage chains: KFC, Taco Bell, Pizza Hut, and Habit Burger & Grill [3] - KFC has over 4,100 stores in the US and more than 30,000 globally across over 145 countries [4] - The company reported an 8% global sales growth in the fourth quarter, with KFC's sales increasing by 6% [4]

HP is acquiring parts of Humane's business for $116 million.Humane said it was discontinuing its AI Pin "effective immediately."The company said the devices will stop connecting to their servers at the end of the month.AI startup Humane said on Tuesday that it was discontinuing its AI Pin and selling parts of its business to HP for $116 million. The transaction, which is expected to close at the end of February, will see HP acquire Humane's employees, software, patents, and patent applications, Humane said ...

Elliott Management bet against Nvidia using put options last quarter, filings show.Paul Singer's firm had "at least $600 million in downside exposure" to the chip maker, one analyst said.Elliott told clients last year that Nvidia was in a "bubble" and AI was "overhyped."Elliott Management bet big against Nvidia after telling clients the chipmaker's stock was in a "bubble" and artificial intelligence was "overhyped." Billionaire investor Paul Singer's firm bought put options last quarter on 1.45 million Nvid ...

Meta plans a multibillion-dollar global underwater cable project spanning 31,000 miles.The project will ramp up data transmission and connect the US to India, Brazil, and South Africa.Meta says it aims to improve global connectivity and support innovation in artificial intelligence.Meta has unveiled plans to spend billions of dollars as part of its multi-year ambition to build the world's longest subsea cable and accelerate AI innovation. In a blog post on Friday, the company said its new Waterworth Project ...

Tesla is hiring for roles based in Mumbai, India.The recruitment efforts come just days after Elon Musk met with Indian Prime Minister Narendra Modi.Tesla has long sought to break into India, the world's third-largest auto market.Tesla is amping up its recruitment efforts in India just days after the country's prime minister, Narendra Modi, met with Elon Musk. Tesla listed 13 roles based in Mumbai on its careers page. The positions were also advertised on the company's LinkedIn page on Monday.The roles rang ...