Institutional Investor (February 10)
“The reality is that DeepSeek’s January 2025 release should not have caught anybody off guard. DeepSeek has been transparent about its research and ambitions in AI development, publishing its research in a series of more than 10 papers on arVix and GitHub prior to the January paper,” not to mention disclosure elsewhere. “Despite DeepSeek being an open secret to many, the release of its R1 models, did blindside U.S. tech Illuminati and market whizzes.” Much of this is due to the “dangerous assumption” that U.S. technological dominance is assured because of “an insurmountable lead in frontier AI technologies.”
Tags: AI development, Ambitions, arVix, Blindside, Dangerous assumption, DeepSeek, Dominance, GitHub, Insurmountable, Open secret, R1 models, Reality, Release, Research, Tech Illuminati, Transparent, U.S.
American Banker (December 9)
“Fintechs turned cross-border payments into a hotbed of innovation over the last five years. Now the card networks and banks are responding with disruptions of their own. It’s not just the competitive threat from fintechs developing faster, cheaper and more transparent cross-border payment options. The changing economy is now adding urgency for legacy cross-border providers to modernize their services.”
Tags: Banks, Card networks, Cheaper, Competitive threat, Cross-border, Disruptions, Economy, Faster, Fintechs, Hotbed, Innovation, Legacy, Modernize, Payments, Services, Transparent
New York Times (June 26)
“The ouster of the chairman, Osamu Nagayama, 74, represents a major win in a battle between Toshiba and foreign investors who have pushed the conservative company to clean up its governance. It is also a breakthrough in a broader effort to increase investor oversight of Japanese corporations, following a series of government-led changes meant to make companies more transparent and accountable.”
Tags: Battle, Breakthrough, Chairman, Clean-up, Conservative, Foreign investors, Governance, Government, Japanese corporations, Nagayama, Ouster, Oversight, Toshiba, Transparent, Win
