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AI Race Intensifies: DeepSeek Aims for USD 70 Billion, OpenAI Cuts Prices
Chinese artificial intelligence start-up DeepSeek reportedly seeks approximately USD 70 billion in a new financing round, targeting a pre-investment valuation. This follows a Series A round that secured around USD 7 billion, valuing the firm at nearly USD 60 billion. DeepSeek is also expanding its workforce.
4 days ago


China Completes World's First Commercial Brain Chip Surgery
China has completed the world's first commercial surgical procedure involving an invasive brain computer interface device. This operation, utilising a system approved in March, signifies a notable advancement in the country's neurotechnology efforts, placing it in rivalry with Elon Musk's Neuralink.
4 days ago


Australia Forms Office of AI to Coordinate Standards
Australia will establish an "Office of AI" within the Department of the Prime Minister and Cabinet. This new government body will coordinate the development of artificial intelligence standards across ministries. Prime Minister Anthony Albanese confirmed the initiative, according to Reuters, which also includes directives for data centres to become net energy producers and restrict water consumption.
5 days ago
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