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Top stories today:
- DeepSeek rattles stocks as traders worry about tech leadership
- Trump: āspoken to many people about TikTok,ā ānot with Oracleā
- Elon Muskās DOGE sets up job site to recruit full-time employees in D.C.
- New DeepSeek, Gemini models enhance price-ELO Pareto frontier
- Colombia accepts deportation flights after Trumpās 25% tariff threat
0. Data and calendar
All values as of 6 AM ET / 3 AM PT, other than S&P500 and NASDAQ close (4 PM ET / 1 PM PT).
All times are ET.
Listen to our AI-generated podcast summarizing todayās newsletter (beware of hallucinations):
1. DeepSeek rattles stocks as traders worry about tech leadership
-5% in Nasdaq 100 futures and -3% in the S&P 500.
The decline comes ahead of earnings from major U.S. tech companies, including Apple and Microsoft.
+1% in the Hang Seng Tech Index.
Some Meta leaders are worried that they are falling behind in the AI face.
DeepSeekās AI assistant also became the top free app on Appleās App Store, surpassing OpenAIās ChatGPT
Apple App Store.
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3. Trump: āspoken to many people about TikTok,ā ānot with Oracleā
Fri.: Oracle and White House officials reportedly met to discuss a potential deal.
Oracle would oversee TikTokās algorithm, data collection, and software updates.
In the next 30 days, Trump expects a decision.
Perplexity updated its proposed TikTok merger plan, with the U.S. government getting an up-to-50% stake.
