A Chinese quant hedgefund's "side project" has shaken up Silicon Valley after dropping DeepSeek-R1, a disruptor in the ...

The Federal Deposit Insurance Corporation (FDIC) filed a massive lawsuit today targeting 17 former executives and directors ...

Meanwhile, there is a flurry of memes surfacing on social media that is taking a dig at American AI models, mocking them for being taken on by a cheaper, China-based AI chatbot. Social media users are ...

My memories now converge as a tableau of farce, like the above. Silicon Valley's existence is, at once, an almost-improbable mash-up of contradictions and the obvious twenty-first century step of ...

Memes are a threat to the US financial system ... “Several experts offered recent events, such as the collapse of Silicon Valley Bank (SVB) and the GameStop short squeeze, as evidence that ...

Bronte Capital held short positions in the major meme stocks last year ... This created a deposit bubble in Silicon Valley Bank in 2021 that would eventually lead to its collapse.