DeepSeek’s AI breakthrough in China has sparked a resurgence in venture capital interest, with Insilico Medicine securing a $110 million series E financing round led by Value Partners. The company, backed by Qiming Ventures, utilizes AI technology for drug development, with several drugs already approved for clinical testing. The success of DeepSeek has also attracted global investors looking to invest in Chinese AI companies, signaling a potential revival in funding opportunities.
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Retail sales rise unexpectedly in Great Britain as sunshine lures shoppers | Retail industry
In March, retail sales in Great Britain increased by 0.4%, contrary to expectations of a decline, driven by sunny weather that boosted shopping in clothing, outdoor, and DIY sectors. This marked the third consecutive month of sales growth, with a 1.6% rise in the first quarter, the strongest since July 2021, despite a decline in consumer confidence due to impending tariffs announced by U.S. President Donald Trump. Analysts warn that while March's sales surge was...
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