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Dell Technologies has forecasted a robust annual profit, surpassing expectations due to strategic cost reductions and increased demand for its AI-optimized servers. These servers, equipped with advanced Nvidia chips, meet the high computational demands of training large language models such as those used in chatbots like ChatGPT. This has spurred interest from various companies, enhancing Dell’s competitive position in the AI server market alongside rivals like Super Micro...
Tim Hoettges, the CEO of Deutsche Telekom, has called on Germany’s incoming government and Europe to take a leading role in the development of artificial intelligence (AI) and data centers to compete with the U.S. and Asia. Recently, Chinese startup DeepSeek caused a significant sell-off in global equities markets by introducing an affordable AI reasoning model that surpassed many Western competitors. DeepSeek is now rushing to release a...
Stellantis updates its financial forecasts, anticipating a return to profitable growth and positive cash generation in 2025. The company expects positive revenue growth, a single-digit positive operating income margin, and positive industrial cash flow, reflecting both the initial phase of commercial recovery and high sector uncertainties. In 2025, Stellantis will launch ten new models. Stellantis confirms the arrival of a new CEO by the first half of 2025....
Global trade experienced significant growth last year, a stark contrast to the over 1 percent decline seen the previous year. Unfortunately, this trend did not extend to the Eurozone, which saw both imports and exports contract. According to the World Trade Monitor, there was notable trade growth in emerging economies in Southeast Asia and Latin America. China significantly boosted its exports of electric vehicles, batteries, and solar panels,...
Nvidia’s stock took a hit, falling 2.8% on Tuesday after reports surfaced about the Trump administration’s plans to tighten US export rules for the chip sector, aimed at limiting China’s progress in AI technology. The proposed measures include sanctions on specific Chinese companies and further restrictions on international firms maintaining semiconductor equipment in China. This news follows the recent introduction of cost-efficient AI models by Chinese firm DeepSeek,...
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