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DeepSeek Pauses Fundraising After Founder's Remarks Leaked
DeepSeek Pauses Fundraising After Founder's Remarks Leaked
Authored by Arthur Zhang via The Epoch Times,
Chinese artificial intelligence (AI) startup DeepSeek has paused a second fundraising round after founder Liang Wenfeng’s remarks at a conference circulated online, including a statement that the company could obtain some processors he described as “noncompliant.”
Liang made the remarks during a May 20 closed-door investor meeting on why DeepSeek was receiving fewer Huawei processors than China’s major internet companies. The transcript of the meeting was shared online and posted on GitHub on July 22.
“For us, we...
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Mar 14, 2026 / Tyler Durden
Meta Plans 20% Layoffs To Divert Capital To Data Centers
Meta Plans 20% Layoffs To Divert Capital To Data Centers
On Friday we noted that Meta has delayed the rollout of its latest AI model because it sucks - and may temporarily license superior models like Gemini to power the company's AI products.
Now, Meta is reportedly mulling a massive new round of layoffs that could affect more than 20% of its workforce as it accelerates spending on AI data center buildouts. The move comes as other hyperscalers consider similar workforce restructurings to redirect capital flows toward AI infrastructure.
Reuters cited people familiar...
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Jun 11, 2026 / Tyler Durden
US Initial Jobless Claims Jump To 4-Month-Highs
US Initial Jobless Claims Jump To 4-Month-Highs
The number of Americans filing for unemployment benefits for the first time jumped to 229k last week (more than the 220k expected) and the highest in four months...
Source: Bloomberg
Pennsylvania, California, and Minnesota are the states seeing the largest rise in claims last week...
Continuing jobless claims also rose last week to 1.795mm Americans - highest in two months, but still relatively low in the context of the last two years...
Source: Bloomberg
The bottom line is that while initial jobless claims are rising, they remain low...
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May 25, 2026 / Tyler Durden
Iran's Top Negotiating Team In Qatar 'For Talks To End War' - But Cautions Deal Signing 'Not Imminent'
Iran's Top Negotiating Team In Qatar 'For Talks To End War' - But Cautions Deal Signing 'Not Imminent'
Summary
Trump: Negotiations with the Islamic Republic of Iran are proceeding nicely! It will only be a Great Deal for all or, no Deal at all — Back to the Battlefront and shooting (TS).
Iran FM Araghchi, parliament speaker Ghalibaf, and central bank governor are in Doha for 'Talks to End War'.
Foreign Ministry cautions: "It is true that a consensus was reached on many of the topics discussed, but no one can claim that the signing...
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