SpaceX Pushes for Early Stock Index Inclusion Ahead of Potential Record-Breaking IPO 
Nintendo Shares Slide After Earnings Miss Raises Switch 2 Margin Concerns 
SoftBank and Intel Partner to Develop Next-Generation Memory Chips for AI Data Centers 
Nvidia, ByteDance, and the U.S.-China AI Chip Standoff Over H200 Exports 
Instagram Outage Disrupts Thousands of U.S. Users 
Baidu Approves $5 Billion Share Buyback and Plans First-Ever Dividend in 2026 
Oracle Plans $45–$50 Billion Funding Push in 2026 to Expand Cloud and AI Infrastructure 
AMD Shares Slide Despite Earnings Beat as Cautious Revenue Outlook Weighs on Stock 
Alphabet’s Massive AI Spending Surge Signals Confidence in Google’s Growth Engine 
Global PC Makers Eye Chinese Memory Chip Suppliers Amid Ongoing Supply Crunch 
Tencent Shares Slide After WeChat Restricts YuanBao AI Promotional Links 
Australian Scandium Project Backed by Richard Friedland Poised to Support U.S. Critical Minerals Stockpile 
Missouri Judge Dismisses Lawsuit Challenging Starbucks’ Diversity and Inclusion Policies 
FDA Targets Hims & Hers Over $49 Weight-Loss Pill, Raising Legal and Safety Concerns 
Anthropic Eyes $350 Billion Valuation as AI Funding and Share Sale Accelerate 
Tencent Holdings Ltd (HK:0700) surged 6.6% to HK$512.0, marking a near four-year high, after announcing that its Weixin messaging app is testing DeepSeek AI for internet searches. This move highlights Tencent’s commitment to AI innovation and underscores the increasing competition among Chinese tech giants in the AI space.
DeepSeek AI, which gained global attention in January, rivals OpenAI's ChatGPT while operating on older hardware and a fraction of the cost. Its rapid rise to become the most downloaded free app on Apple’s App Store fueled optimism in China’s AI sector, driving a 20% surge in the Hang Seng index since mid-January.
Baidu Inc (HK:9888) also announced DeepSeek integration alongside its Ernie AI model. However, Baidu’s Hong Kong shares fell over 6% as investors locked in profits ahead of its earnings release. The growing adoption of DeepSeek among Chinese tech majors like Tencent, Baidu, and Alibaba (HK:9988) reflects the country’s accelerated push into AI development.
DeepSeek’s launch not only bolstered Chinese tech stocks but also impacted global markets. Chipmakers like TSMC (NYSE:TSM) and Nvidia (NASDAQ:NVDA) saw sharp losses as investors questioned the need for expensive AI infrastructure when cost-efficient models like DeepSeek are available.
As Tencent integrates DeepSeek into Weixin, it positions itself at the forefront of China’s AI race, signaling potential growth in AI-driven services and innovation within the Chinese tech landscape. This development intensifies competition and highlights China’s growing influence in the global AI market.
