27 January 2025
Global equities retreated as Chinese AI startup DeepSeek threatened to disrupt US firms’ artificial intelligence dominance.
DeepSeek’s latest AI model comes as four of the Mag-7 tech stockS post results later this week, with traders watching how the companies will defend their generous AI spending. DeepSeek is seen by some as cost-effective while running on less-advanced chips, posing a challenge to US industry leaders like Nvidia Corp. and their sky-high valuations.
Meanwhile, Colombian traders are bracing for a volatile session on Monday as the South American nation reversed its decision to reject the return of the migrants after Trump announced an emergency 25% tariff on all Colombian goods coming into the US. Today's guests: Emmanuel Cau, Barclays Bank; Clemens Fuest, IFO Institute President; Piers Hillier, Royal London Asset Management CIO
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