DeepSeek is causing havoc throughout the AI industry. U.S.-based tech companies that have heavily invested in AI saw their stocks take a tumble this week after the China-based startup released a new AI model on par with OpenAI’s latest model, yet much cheaper to train — plus, DeepSeek made it free and open source. Now, … Read more
During her 16 years as German chancellor, Angela Merkel was frequently praised for her leadership. Yet as John Ryan argues, many of the problems currently facing Germany have their origins in the decisions she made while in power. Chancellor Angela Merkel was a successful politician with four consecutive election victories between 2005 and 2017. On … Read more
The Los Angeles, California wildfires are a tail event for the peril and will demonstrate the continued and growing relevance of reinsurance, according to RenaissanceRe CEO Kevin O’Donnell, who also explained today that “most of our US property catastrophe programs are loss impacted.”The RenaissanceRe CEO further states that with the scale of the loss impact … Read more
US President Donald Trump’s budget office on Wednesday rescinded an order freezing spending on federal grants, less than two days after it sparked widespread confusion and legal challenges across the country, according to two people familiar with the matter. The Monday evening order from the White House Office of Management and Budget sparked uncertainty over … Read more
Broadband program still in doubt As we’ve previously reported, US Senator Ted Cruz (R-Texas) and other Republicans want to overhaul the BEAD funding plans. Cruz accused the NTIA of “technology bias” because the agency decided that fiber networks should be prioritized over other types of technology, and Republicans objected to the Biden administration’s enforcement of … Read more
