Microsoft-backed firm Mistral sees the world moving beyond AI models this year
Economy

Microsoft-backed firm Mistral sees the world moving beyond AI models this year

The head of one of Europe’s buzziest artificial intelligence startups said he expects artificial intelligence technology will move beyond large language models this year. Arthur Mensch, CEO of French AI firm Mistral, told CNBC he sees product focus in AI broadly moving away from models in 2025 and more toward “systems” that integrate models and […]

Bitcoin slips, Trump token plunges over 20% as bullish crypto sentiment cools
Economy

Bitcoin slips, Trump token plunges over 20% as bullish crypto sentiment cools

A cartoon image of US President-elect Donald Trump with cryptocurrency tokens, depicted in front of the White House to mark his inauguration, displayed at a Coinhero store in Hong Kong, China, on Monday, Jan. 20, 2025. Paul Yeung | Bloomberg | Getty Images Bitcoin and other cryptocurrencies retreated from their Monday highs, as bullish investor […]

Trade war has no winners, China’s vice premier warns, as Trump threatens tariffs
Economy

Trade war has no winners, China’s vice premier warns, as Trump threatens tariffs

Chinese Vice Premier Ding Xuexiang speaks during COP29 on Nov. 12, 2024. Sopa Images | Lightrocket | Getty Images BEIJING — Chinese Vice Premier Ding Xuexiang warned there are “no winners” in a trade war, as the world’s second-largest economy faces the possibility of tariffs under the freshly-inaugurated administration of Donald Trump. “Protectionism leads no […]

USD/CAD set to extend its drop below 1.3690 support – Scotiabank
Business

USD/CAD set to extend its drop below 1.3690 support – Scotiabank

The loonie firms modestly ahead. Economists at Scotiabank expect the USD/CAD pair to slide below 1.3690 in the near-term. Broader outlook is somewhat mixed “USD/CAD cast a marginally negative look to the very short-term charts, with the USD testing the 1.3750 twice before edging lower. That trend rather implies modest downside prospects for the USD… […]