World

Why DeepSeek model needs ‘100 times more computing’

CEO Jensen Huang discussed the impact of Chinese startup DeepSeek’s new artificial intelligence model in a Wednesday interview with CNBC’s Jim Cramer at Nvidia‘s annual GTC conference. Huang asserted that the groundbreaking model will actually require more computation than many in the industry thought. According to Huang, DeepSeek’s R1 model is “fantastic” because it is “the first open-sourced reasoning model.” …

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‘Transitory’ is back as the Fed doesn’t expect tariffs to have long-lasting inflation impacts

The “good ship Transitory,” despite an ominous record, appears ready to sail again for the Federal Reserve. Economic projections the central bank released Wednesday indicate that while officials see inflation moving up this year more rapidly than previously expected, they also expect the trend to be short-lived. The outlook spurred talk again about “transitory” inflation that caused a major policy …

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USMNT’s Concacaf Nations League squad: Meet Mauricio Pochettino’s team from Christian Pulisic to Diego Luna

It’s almost time for the Concacaf Nations League semifinals where Mauricio Pochettino will have his first chance to win a trophy as manager of the United States men’s national team. While he won’t have his entire first-choice squad available with injuries keeping players like Sergino Dest, Antonee Robinson, and Folarin Balogun out of the side, that doesn’t mean that Pochettino …

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Stagflation? Fed sees higher inflation and an economy growing by less than 2% this year

U.S. Federal Reserve Chair Jerome Powell testifies before a House Financial Services Committee hearing on “The Semiannual Monetary Policy Report to the Congress,” on Capitol Hill in Washington, D.C., U.S., February 12, 2025.  Nathan Howard | Reuters Federal Reserve officials slashed their economic outlook in the latest projections released Wednesday, seeing the U.S. economy growing at a pace lower than …

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Fed holds interest rates steady

WASHINGTON – The Federal Reserve in a closely watched decision Wednesday held the line on benchmark interest rates though still indicated that reductions are likely later in the year. Faced with pressing concerns over the impact tariffs will have on a slowing economy, the rate-setting Federal Open Market Committee kept its key borrowing rate targeted in a range between 4.25%-4.5%, …

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United Soccer League to bring promotion and relegation to American soccer for first time, starting in 2028

Imagn Images It’s a groundbreaking moment in American soccer. The United Soccer League has voted to adopt a promotion and relegation system. This will make the USL the first American professional sports league to work on implementing the global tiered model, which is the standard for top leagues around the world like the Premier League, Bundesliga, Serie A, Ligue 1 …

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