Chinese tech start-up DeepSeek unnerves US with low-costs AI model on par with OpenAI’s o1

AI model on par with OpenAI’s o1 proves US’ chip restrictions fruitless: expert Chinese tech start-up DeepSeek is shaking the US’ AI sector with its open-source approach and low-cost models, drawing curiosity and significant coverage from US media and AI forums about how this Chinese company has produced competitive AI systems comparable to those developed…

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White House pauses federal grant, loan other assistance programs

WASHINGTON, Jan 27  – The Trump administration has temporarily paused grant, loan and other financial assistance programs at the Office of Management and Budget, according to a memo seen by Reuters, prompting criticism from congressional Democrats. The memo referenced the executive orders, including those seeking to dismantle programs related to diversity, equity and inclusion (DEI), President…

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All federal grants and loan disbursement paused by White House

The White House budget office has ordered a pause on all federal grants and loans, according to an internal memorandum sent Monday, potentially impacting trillions in government spending and halting public programs that affect millions of Americans. Federal agencies “must temporarily pause all activities related to obligation or disbursement of all Federal financial assistance,” White…

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