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China’s central bank follows U.S. Fed in keeping rates steady as tariff threats pressure yuan

BEIJING, CHINA – JANUARY 06: The People’s Bank of China (PBOC) building is seen on January 6, 2025 in Beijing, China.  Visual China Group | Getty Images China kept its key lending rates unchanged on Thursday, as Beijing juggles propping up growth and stabilizing its currency amid mounting trade frictions. The People’s Bank of China held the 1-year loan prime …

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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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