ByteDance, the Chinese parent company of TikTok, has expressed a preference for shutting down the popular video-sharing app in the US if legal options fail to keep it running. The company is facing pressure from the Trump administration over national security concerns, with a potential ban on the horizon. ByteDance is exploring all possible avenues to keep TikTok operational in the US, but is prepared to comply with any legal requirements.
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DeepSeek spurred a Chinese asset manager AI arms race that could shake up China's $10T fund management industry, as firms expand AI research and adopt DeepSeek (Reuters)
Chinese asset managers are engaging in an AI arms race following High-Flyer's use of DeepSeek in trading markets, potentially disrupting the $10 trillion fund management industry. The competition is driving firms to expand AI research and adopt DeepSeek technology, leading to significant changes in the way investments are managed in China. This shift towards AI-driven strategies marks a pivotal moment for Chinese asset managers as they strive to remain competitive in the evolving market landscape....
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