Raymond Louis The world’s 500 richest people lost a total of $108 billion in wealth on Monday amid a tech-led selloff linked to the emergence of Chinese AI app DeepSeek, according to Bloomberg. The selloff erased gains from the tech portfolios of billionaires such as Nvidia co-founder Jensen Huang and Oracle’s Larry Ellison, whose fortunes…
Francis Tuschek The High Administrative Court has dismissed an appeal from a former naval chief petty officer who was fired for not reporting an attempt to recruit him for a Chinese espionage operation, labeling his unit’s decision as “reasonable.” In 2022, the officer, identified by the surname Tseng, stationed at the Zuoying naval base in…
by Martin Haffner Associate Editor Taiwan must capitalize on the shock waves DeepSeek has sent through US markets to show it is a tech partner of Washington, a researcher said.China’s breakthrough in artificial intelligence (AI) would prompt the US to seek a stronger alliance with Taiwan and Japan to secure its technological superiority, a Taiwanese…