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The week was a rollercoaster ride for the tech industry, with significant developments in the AI sector and the stock market. The emergence of China&#8217;s DeepSeek R1 artificial intelligence model coincided with a $600 billion decline in Nvidia&#8217;s market value. Meanwhile, Alibaba unveiled a new AI model, and Nvidia&#8217;s CEO shared his vision for a future dominated by robotics. Here&#8217;s a recap of the top stories.
Nvidia Acknowledges DeepSeek Amid Market Value Plunge
Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) has recognized the potential of China&#8217;s DeepSeek R1 artificial intelligence model. This acknowledgment came as DeepSeek&#8217;s open-source AI model, developed for under $6 million, reportedly outperformed leading U.S. models like those from OpenAI. The news triggered a broader tech selloff, with Nvidia shares falling 17% and AI infrastructure stocks tumbling over 20%. <a href="https://www.benzinga.com/markets/equities/25/01/43256425/nvidia-says-deepseek-an-illustration-of-how-new-ai-models-can-be-created-while-being-export-control-compliant-amid-600-billion-market-value-plunge">Read the full article here.</a>
Black Swan Author Warns of Market Rout
Nassim Taleb, author of &#8220;Black Swan,&#8221; has warned investors about the fragility of wealth concentration in technology stocks, particularly highlighting Nvidia following its recent 17% decline. Taleb cautioned that the electric vehicle sector could follow a similar trajectory, citing historical examples such as General Motors Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>). <a href="https://www.benzinga.com/markets/equities/25/01/43296517/black-swan-author-nassim-taleb-nvidias-17-drop-on-monday-is-just-the-beginning-says-electric-cars-are-next-noting-pioneers-with-innovative-ideas-never-made-money">Read the full article here.</a>
Alibaba Unveils Advanced AI Model
Chinese e-commerce giant Alibaba Group Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) released a new family of AI models, Qwen2.5-VL, that can parse files, comprehend videos, count objects in images, and control a PC. This model is similar to the one powering OpenAI's recently launched Operator. <a href="https://www.benzinga.com/25/01/43260751/alibaba-unveils-advanced-ai-model-amid-us-tech-sell-off-triggered-by-deepseeks-performance">Read the full article here.</a>
Nvidia CEO Envisions Robotic Future
Nvidia CEO Jensen Huang predicts a future dominated by robotics and artificial intelligence. &#8220;Everything that moves will be robotic someday, and it will be soon,&#8221; Huang said, describing a world where autonomous vehicles and robotic assistance become commonplace. <a href="https://www.benzinga.com/markets/equities/25/01/43258826/jensen-huang-says-everything-that-moves-will-be-robotic-soon-as-nvidia-ceo-envisions-star-wars-inspired-r2-d2-personal-assistants-and-humanoid-robots">Read the full article here.</a>
Nvidia RTX 5090 And 5080 Sell Out Instantly
Nvidia Corporation launched its RTX 5090 and 5080 graphics cards, only to see them sell out almost immediately. The highly anticipated Nvidia Series 5000 GPUs sold out rapidly, leaving many gamers frustrated. <a href="https://www.benzinga.com/25/01/43378899/nvidia-rtx-5090-and-5080-sell-out-instantlyscalpers-jack-up-prices-to-6000-as-gamers-face-paper-launch-frustration">Read the full article here.</a>
Image created using artificial intelligence via Midjourney.
 This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/navdeep-yadav" target="_blank" rel="noopener">Navdeep Yadav.</a>

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Nvidia On DeepSeek Success, Alibaba Unveils Advanced AI Model And More: This Week In Artificial Intelligence

Noted investor and author Robert Kiyosaki has forecast a potential Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) crash, which he sees as a chance to <a href="https://www.benzinga.com/news/global/24/12/42638862/kiyosaki-warns-of-global-financial-crisis-protect-your-wealth-by-investing-in-real-assets">amass more wealth</a>.
What Happened: Kiyosaki, known for his best-seller &#8220;Rich Dad Poor Dad,&#8221; warned of a possible Bitcoin crash. This warning came after a 4.20% decline in the leading cryptocurrency, which fell below its $106,000 price point on Friday.
Kiyosaki&#8217;s cautionary statement was a reaction to U.S. President&nbsp;Donald Trump&#8216;s decision to impose 25% tariffs on U.S. trade partners Canada and Mexico, and a 10% tariff on China. 
This decision resulted in a 300 point (0.7%) fall in&nbsp;the Dow Jones Industrial Average&nbsp;index, and significant losses for the S&amp;P&nbsp;500 and the Nasdaq 100.
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/43219306/robert-kiyosaki-foresees-bitcoin-surpassing-us-dollar-as-good-money">Robert Kiyosaki Foresees Bitcoin Surpassing US Dollar As &#8216;Good Money&#8217;</a>
In a post on X, Kiyosaki said, &#8220;Trump&nbsp;tariffs begin: gold, silver, Bitcoin&nbsp;may crash.&#8221; He indicated his plan to purchase more Bitcoin if prices plummet, seeing it as an opportunity to grow his wealth. However, he also pointed out the U.S. national debt as a major problem that Bitcoin might not be able to address.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">TRUMP TARRIFS BEGIN: Gold, silver, Bitcoin may crash. GOOD. Will buy more after prices crash. Real problem is DEBT….which will only get worse. CRASHES mean assets are on sale. Time to get richer.
&mdash; Robert Kiyosaki (@theRealKiyosaki) <a href="https://twitter.com/theRealKiyosaki/status/1885419383184646482?ref_src=twsrc%5Etfw">January 31, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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Despite Kiyosaki&#8217;s warning, Bitcoin has started to rebound, and the effects on gold and silver have been negligible. The U.S. national debt, on the other hand, continues to escalate, surpassing $36.4 trillion.
Why It Matters: Kiyosaki&#8217;s prediction of a Bitcoin crash and his intention to buy more of the cryptocurrency if prices fall, highlight the volatility and potential opportunities in the crypto market. His comments also underscore the ongoing concerns about the U.S. national debt, which continues to soar despite economic measures. 
While Bitcoin has started to recover, the impact of the tariffs and the national debt on the economy and the crypto market remain to be seen.
Read Next
<a href="https://www.benzinga.com/markets/cryptocurrency/25/01/42804530/robert-kiyosaki-predicts-massive-market-crash-save-gold-silver-bitcoin-crash-is-here" target="_blank" rel="noreferrer noopener">Robert Kiyosaki Predicts Massive Market Crash: ‘Save Gold, Silver, &amp; Bitcoin, Crash Is Here'</a>

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

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Robert Kiyosaki Predicts Gold, Silver, Bitcoin Crash Over Trump's Tariffs—Says It's A Buying Moment

The week has been a rollercoaster ride for the electric vehicle (EV) industry, with significant developments from Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>), and Rivian Automotive (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>). From potential tax cuts to autonomous driving advancements and controversial comments, here&#8217;s a recap of the top stories.
Trump&#8217;s Tax Cuts Could Supercharge Tesla&#8217;s Earnings
According to Gary Black, Managing Partner at The Future Fund, a proposed reduction in the corporate tax rate could significantly boost Tesla&#8217;s earnings per share (EPS) for FY25. Black noted that Tesla&#8217;s current statutory tax rate is 21%, and a drop to 15% could add $0.12 to Tesla&#8217;s EPS this fiscal year, marking an increase of about 4%. <a href="https://www.benzinga.com/tech/25/01/43259304/trumps-proposed-corporate-tax-cuts-could-boost-teslas-fy25-eps-by-4-says-analyst">Read the full article here.</a>
Waymo Outshines Tesla in Robotaxi Race
Ross Gerber, CEO of Gerber Kawasaki Wealth and Investment Management, highlighted the significant challenges facing Tesla&#8217;s Full Self-Driving system while praising competitor Waymo&#8217;s autonomous driving technology. Gerber pointed to Waymo&#8217;s growing presence in the robotaxi space, stating, &#8220;Waymo waymos everywhere. Driving flawlessly, with confidence. Robotaxi is here… and it's called Waymo.&#8221; <a href="https://www.benzinga.com/markets/equities/25/01/43373930/ross-gerber-says-robotaxi-is-here-and-it-is-a-waymo-from-google-highlights-teslas-severe-hardware-limitations">Read the full article here.</a>
Rivian CEO Unfazed by EV Tax Credit Concerns
Rivian CEO RJ Scaringe downplayed concerns that Donald Trump's proposed elimination of the $7,500 EV federal tax credit could mark the end of electric vehicles. Scaringe believes that while the end of the credits could be bad for legacy automakers, it would only be a &#8220;small speed bump&#8221; for Rivian and the entire EV sector. <a href="https://www.benzinga.com/25/01/43279098/rivian-ceo-brushes-off-7500-electric-vehicle-tax-credit-concerns-evs-are-not-a-political-thing">Read the full article here.</a>
Tesla Faces Boycott Call in Poland Over Musk&#8217;s WWII Comments
A Polish government official has called for a boycott of Tesla vehicles in the country following controversial comments made by CEO Elon Musk at a rally for the German far-right Alternative for Germany party.&nbsp;<a href="https://www.benzinga.com/news/global/25/01/43251316/tesla-faces-boycott-call-in-poland-over-musks-wwii-comments">Read the full article here.</a>
Tesla&#8217;s Optimus Robot Could Be a Game-Changer
Elon Musk revealed that Tesla intends to make several thousand units of its Optimus humanoid robot this year for deployment in its own factory. Musk also hinted at the possibility of selling the robot to rival companies in the future, stating, &#8220;I think long-term Optimus has the potential to be north of $10 trillion in revenue. Like, it's real bananas.&#8221;&nbsp;<a href="https://www.benzinga.com/25/01/43325888/tesla-likely-to-sell-optimus-to-rival-companies-in-2026-price-point-of-humanoid-robot-to-be-detemined-by-demand-says-ceo-elon-musk">Read the full article here.</a>
 This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/navdeep-yadav" target="_blank" rel="noopener">Navdeep Yadav.</a> 
Image via Tesla

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Trump's Tax Cuts Could Boost Tesla's Earnings, Rivian CEO Unfazed By EV Tax Credit Concerns And More: This Week In Mobility

President Donald Trump has imposed hefty tariffs on the United States&#8217; three largest trading <a href="https://www.benzinga.com/markets/25/01/42805331/heres-how-trump-could-wipe-out-40-of-teslas-profits-after-taking-office-according-to-jpmorgan-analyst">partners: Canada, China and Mexico</a>.
What Happened: The tariffs imposed by Trump on Saturday include a 25% duty on all imports from Mexico and most goods from Canada, excluding energy-related items such as crude oil, which will see a 10% tariff. Additionally, a 10% tariff will be levied on Chinese goods imported into the United States.
The tariffs, set to take effect on Tuesday, have been met with warnings from economists about potential negative impacts on American businesses and consumers, <a href="https://edition.cnn.com/2025/02/01/economy/trump-tariffs-mexico-canada-china-increased-costs/index.html">reports</a> CNN.
The US Chamber of Commerce has warned that these tariffs could disrupt supply chains and lead to increased prices for American families. Sung Won Sohn, a professor of finance and economics at Loyola Marymount University, stated, &#8220;Consumers are going to be clearly worse off.&#8221;
Approximately&nbsp;one-third of US imports come&nbsp;from the three countries targeted by Trump&#8217;s tariffs. These imports include everyday items such as fruits,&nbsp;vegetables, meat, gas, automobiles, electronics,&nbsp;toys, clothing, lumber, and beer&nbsp;and spirits.
Also Read: <a href="https://www.benzinga.com/markets/24/11/41869001/heres-how-trumps-policies-might-shape-the-markets-future">Here&#8217;s How Trump&#8217;s Policies Might Shape The Market&#8217;s Future</a>
The new tariffs could make agricultural products from Mexico and Canada more expensive for US consumers.&nbsp;Last year, the US imported&nbsp;$46 billion worth&nbsp;of agricultural products from Mexico,&nbsp;according to USDA data.
The US also&nbsp;imported $97 billion worth of&nbsp;oil and gas from Canada&nbsp;last year. The 10%&nbsp;tariff on Canadian energy products&nbsp;could&nbsp;limit the impact on gasoline&nbsp;prices.
The auto sector could be significantly affected by the tariffs, potentially wiping out cost savings for US car companies that have shifted production to Mexico. 
The tariffs could also increase&nbsp;the cost of imported construction&nbsp;materials by $3 billion to&nbsp;$4 billion, as per&nbsp;the National Association of Home&nbsp;Builders.
Consumer electronics, home appliances, toys, and footwear, most of which are imported from China, are also at risk due to Trump&#8217;s tariff threats.
Why It Matters: The tariffs could have a significant impact on the US economy, affecting everything from the price of everyday goods to the cost of production for major industries. 
The potential disruption of supply chains could also lead to job losses and economic instability. The full impact of these tariffs will only become clear in the coming months.
Read Next
<a href="https://www.benzinga.com/markets/25/01/43219264/trumps-tariff-plans-ignite-market-rally-pushing-stocks-to-record-highs">Trump&#8217;s Tariff Plans Ignite Market Rally, Pushing Stocks To Record Highs</a>
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Markets

Trump's Tariffs Are Here. Here's What Will Get More Expensive From Canada, China, and Mexico

These ten mid-cap stocks were the best performers in the last week. Are they in your portfolio?
<ol>
<li>Akero Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AKRO#NASDAQ">AKRO</a>) shares surged 106.57% after the company reported preliminary Week 96 results from its SYMMETRY <a href="https://www.benzinga.com//node/43231670" target="_blank" rel="noreferrer noopener">Phase 2B study of Efruxifermin</a>. Several analysts <a href="https://www.benzinga.com/quote/akro/analyst-ratings" target="_blank" rel="noreferrer noopener">boosted the price forecast</a>.</li>
<li>Surgery Partners, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SGRY#NASDAQ">SGRY</a>) stock increased 25.44%  after the company announced it received a non-binding acquisition <a href="https://www.benzinga.com//node/43281237" target="_blank" rel="noreferrer noopener">proposal from </a><a href="https://www.benzinga.com//node/43281237" target="_blank" rel="noreferrer noopener">Bain Capital Private Equity</a>.</li>
<li>Flagstar Financial, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FLG#NYSE">FLG</a>) shares rose 24.40% fter the company reported <a href="https://www.benzinga.com//node/43330170" target="_blank" rel="noreferrer noopener">better-than-expected financial results</a>. Barclays analyst Jared Shaw maintained an Overweight and raised the<a href="https://www.benzinga.com/quote/flg/analyst-ratings" target="_blank" rel="noreferrer noopener"> price forecast from $13 to $14</a>.</li>
<li>Nextracker Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXT#NASDAQ">NXT</a>) shares escalated 22.98% after the company reported better-than-expected 2025 fiscal-year third-quarter financial results and raised its guidance. Several analysts <a href="https://www.benzinga.com//node/43319444" target="_blank" rel="noreferrer noopener">revised the price forecast</a>.</li>
<li>Brighthouse Financial, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BHF#NASDAQ">BHF</a>) shares are up 21.76% following a report suggesting that the company <a href="https://www.benzinga.com//node/43275032" target="_blank" rel="noreferrer noopener">is exploring a potential sale</a>. Barclays analyst Alex Scott upgraded the company from Equal-Weight to Overweight and <a href="https://www.benzinga.com/quote/bhf/analyst-ratings" target="_blank" rel="noreferrer noopener">raised the price forecast from $52 to $85</a>.</li>
<li>Brinker International, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EAT#NYSE">EAT</a>) stock upped 21.72% after the company reported better-than-expected second-quarter results and several <a href="https://www.benzinga.com//node/43335877" target="_blank" rel="noreferrer noopener">analysts changed their price forecasts</a>.</li>
<li>Hims &amp; Hers Health, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HIMS#NYSE">HIMS</a>) shares were up 20.76%.</li>
<li>Oshkosh Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OSK#NYSE">OSK</a>) shares surged 19.38% after the company beat fourth-quarter estimates, initiated FY25 EPS guidance above expectations, and raised <a href="https://www.benzinga.com//node/43331819" target="_blank" rel="noreferrer noopener">its quarterly dividend by 11%</a>. Analysts boosted the <a href="https://www.benzinga.com/quote/osk/analyst-ratings" target="_blank" rel="noreferrer noopener">price forecast on the stock</a>.</li>
<li>Kingsoft Cloud Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KC#NASDAQ">KC</a>) stock upped 16.50%, probably due to the Lunar New Year, recent AI developments in China and government efforts to boost markets.</li>
<li>Viavi Solutions Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VIAV#NASDAQ">VIAV</a>) stock jumped 14.78% after the company reported better-than-expected <a href="https://www.benzinga.com//node/43353084" target="_blank" rel="noreferrer noopener">second-quarter financial results</a>.</li>
</ol>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/large-cap/25/02/43423005/alibaba-ibm-and-duolingo-are-among-top-0large-cap-gainers-last-week-jan-27-jan-31-are-the-others-in-your-portfolio" target="_blank" rel="noreferrer noopener">Alibaba, IBM And Duolingo Are Among Top 0Large Cap Gainers Last Week (Jan 27-Jan 31): Are The Others In Your Portfolio?</a></li>
<li><a href="https://www.benzinga.com/news/large-cap/25/02/43423086/nvidia-teva-pharmaceutical-and-ups-are-among-top-large-cap-losers-last-week-jan-27-jan-31-are-the-others-in-your-portfolio" target="_blank" rel="noreferrer noopener">NVIDIA, Teva Pharmaceutical And UPS Are Among Top Large Cap Losers Last Week (Jan 27-Jan 31): Are The Others In Your Portfolio?</a></li>
</ul>
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Brighthouse Financial, Inc. - Common Stock

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SGRY

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Akero Therapeutics, Brinker International And Viavi Are Among Top Mid Cap Gainers Last Week (Jan 27-Jan 31): Are The Others In Your Portfolio?

The White House said the National Security Council is reviewing the implications of&nbsp;DeepSeek, a Chinese AI firm.&nbsp;The review comes amid fears of intellectual property theft, a concern raised by&nbsp;David Sacks, the White <a href="https://www.benzinga.com/25/01/43293506/chinas-deepseek-under-white-house-scrutiny-over-potential-national-security-risks" target="_blank" rel="noreferrer noopener">House's AI and crypto czar</a>.
Meta Platforms Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) CEO&nbsp;Mark Zuckerberg&nbsp;is reportedly considering purchasing a property in Washington DC as part of his strategy to work <a target="_blank" href="https://www.benzinga.com/25/01/43296858/mark-zuckerberg-reportedly-explores-buying-property-in-washington-dc-as-meta-ceo-looks-to-work-closely-with-trump" rel="noreferrer noopener">closely with President&nbsp;</a><a target="_blank" href="https://www.benzinga.com/25/01/43296858/mark-zuckerberg-reportedly-explores-buying-property-in-washington-dc-as-meta-ceo-looks-to-work-closely-with-trump" rel="noreferrer noopener">Donald Trump</a>.
Earnings Results
Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>)&nbsp;reported second-quarter GAAP earnings of $3.23 per share, beating the $3.11 consensus estimate. Quarterly revenue clocked in at $69.6 billion, beating the $68.78 <a target="_blank" href="https://www.benzinga.com/news/earnings/25/01/43320124/microsoft-shares-slide-after-q2-results-cloud-revenue-misses-expectations-details" rel="noreferrer noopener">billion analyst consensus estimate</a>.
Read: <a target="_blank" href="https://www.benzinga.com/tech/25/01/43327016/microsoft-ceo-satya-nadella-accepts-deepseek-ai-has-some-real-innovations-but-wont-say-if-they-mark-a-turning-point-for-ai-cost-reduction" rel="noreferrer noopener">Microsoft CEO Satya Nadella Accepts DeepSeek AI Has Some &#8216;Real Innovations&#8217; — But Won&#8217;t Say If They Mark A Turning Point For AI Cost Reduction</a>
International Business Machines Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBM#NYSE">IBM</a>) reported fourth-quarter earnings of&nbsp;$3.92&nbsp;per share, which beat the analyst consensus estimate of&nbsp;$3.75. Quarterly revenue came in at $17.55 billion,&nbsp;which beat the analyst <a target="_blank" href="https://www.benzinga.com/25/01/43321676/ibm-reports-q4" rel="noreferrer noopener">consensus estimate of&nbsp;$17.54 billion</a>.
Meta reported fourth-quarter revenue of $48.39 billion, beating&nbsp;analyst estimates of $47.03 billion. The company reported fourth-quarter earnings of $8.02 per share,<a target="_blank" href="https://www.benzinga.com/general/social-media/25/01/43322201/meta-platforms-q4-earnings-revenue-beat-eps-beat-daily-actives-up-5-continued-strong-revenue-growth-expected" rel="noreferrer noopener"> beating analyst estimates of $6.77 per share</a>.
Related:<a target="_blank" href="https://www.benzinga.com/markets/25/01/43326499/mark-zuckerberg-says-chinas-deepseek-did-some-novel-things-were-still-digesting-but-meta-may-keep-pouring-billions-into-ai-infrastructure-anyway" rel="noreferrer noopener"> Mark Zuckerberg Says China&#8217;s DeepSeek Did Some Novel Things &#8216;We&#8217;re Still Digesting,&#8217; But Meta May Keep Pouring Billions Into AI Infrastructure Anyway</a>
Intel Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) reported fourth-quarter earnings of&nbsp;13&nbsp;per share, which beat the analyst consensus estimate of&nbsp;12&nbsp;cents. Quarterly revenue clocked in at $14.3 billion,&nbsp;which beat the analyst <a target="_blank" href="https://www.benzinga.com/news/earnings/25/01/43354712/intel-stock-climbs-on-better-than-expected-q4-report-details" rel="noreferrer noopener">consensus estimate of&nbsp;$13.81 billion</a>.
Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) reported fiscal first-quarter revenue of $124.3 billion, beating analyst&nbsp;estimates&nbsp;of $124.13 billion. The iPhone maker reported first-quarter adjusted earnings of $2.40 per share, beating <a target="_blank" href="https://www.benzinga.com/news/earnings/25/01/43355688/apple-q1-earnings-revenue-beat-eps-beat-iphone-sales-slip-installed-base-climbs-to-all-time-high-ou" rel="noreferrer noopener">analyst estimates of $2.36 per share</a>.
Related: <a target="_blank" href="https://www.benzinga.com/markets/25/01/43373775/tim-cook-praises-chinas-deepseek-for-driving-efficiency-stresses-apples-prudent-and-deliberate-approach-toward-capital-expenditure" rel="noreferrer noopener">Tim Cook Praises China&#8217;s DeepSeek For Driving Efficiency, Stresses Apple&#8217;s &#8216;Prudent And Deliberate&#8217; Approach Toward Capital Expenditure</a>
Artificial Intelligence
Nvidia Corporation&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) stock took a hit as China&#8217;s&nbsp;DeepSeek unveiled an AI model that reportedly offers cutting-edge performance at a fraction of the cost. This development has sparked doubts about the need <a target="_blank" href="https://www.benzinga.com/25/01/43220297/nvidia-stock-slide-as-chinas-deepseek-ai-sparks-doubts-over-gpu-spending-frenzy-what-tech-experts-are-saying" rel="noreferrer noopener">for&nbsp;massive GPU investments</a>.
The race among large language models has intensified with DeepSeek R1 emerging&nbsp;as a formidable competitor&nbsp;to established players like OpenAI's o1 and&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/asia/25/01/43243584/deepseek-r1-vs-openai-what-consumers-need-to-know-about-ais-latest-challenger" rel="noreferrer noopener">Meta Platforms Inc.</a><a target="_blank" href="https://www.benzinga.com/markets/asia/25/01/43243584/deepseek-r1-vs-openai-what-consumers-need-to-know-about-ais-latest-challenger" rel="noreferrer noopener">‘s Llama 3.2</a>.
DeepSeek was targeted by significant cyberattacks, coinciding with its <a target="_blank" href="https://www.benzinga.com/25/01/43257133/chinese-ai-startup-deepseek-hit-by-cyberattacks-after-toppling-us-giants-like-nvidia-with-new-ai-model-dubbed-as-chatgpt-killer" rel="noreferrer noopener">growing prominence in the AI sector</a>.
Veteran investor&nbsp;Ross Gerber voiced his apprehensions <a target="_blank" href="https://www.benzinga.com/tech/25/01/43258810/ross-gerber-slams-deepseeks-privacy-policy-as-the-chinese-ai-models-rise-triggers-market-chaos-i-dont-trust-a-thing-china-does" rel="noreferrer noopener">regarding&nbsp;</a><a target="_blank" href="https://www.benzinga.com/tech/25/01/43258810/ross-gerber-slams-deepseeks-privacy-policy-as-the-chinese-ai-models-rise-triggers-market-chaos-i-dont-trust-a-thing-china-does" rel="noreferrer noopener">DeepSeek's</a><a target="_blank" href="https://www.benzinga.com/tech/25/01/43258810/ross-gerber-slams-deepseeks-privacy-policy-as-the-chinese-ai-models-rise-triggers-market-chaos-i-dont-trust-a-thing-china-does" rel="noreferrer noopener"> privacy policy on&nbsp;</a><a target="_blank" href="https://www.benzinga.com/tech/25/01/43258810/ross-gerber-slams-deepseeks-privacy-policy-as-the-chinese-ai-models-rise-triggers-market-chaos-i-dont-trust-a-thing-china-does" rel="noreferrer noopener">X</a>.
OpenAI&nbsp;CEO&nbsp;Sam Altman has addressed the capabilities of&nbsp;DeepSeek's R1 model, acknowledging its impressive <a target="_blank" href="https://www.benzinga.com/25/01/43259545/deepseeks-r1-is-impressive-but-openai-ceo-sam-altman-says-they-will-crush-it-with-much-better-models-looking-forward-to-bringing-you-all-agi-and-beyond" rel="noreferrer noopener">performance and cost-</a>effectiveness.
Palmer Luckey, founder of&nbsp;Oculus&nbsp;and&nbsp;Anduril Industries, has voiced strong criticism against the reaction to&nbsp;DeepSeek,<a target="_blank" href="https://www.benzinga.com/tech/25/01/43294552/palmer-luckey-blasts-hysteria-over-deepseek-oculus-founder-says-chinese-hedge-funds-psyops-targeted-us-ai-giants-like-nvidia" rel="noreferrer noopener"> labeling it as an overreaction</a>.
SoftBank Group (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SFBQF#OTC">SFBQF</a>)&nbsp;is reportedly negotiating a potential investment of $15 billion to $25 billion in&nbsp;OpenAI. This move could make SoftBank the largest investor in the&nbsp;ChatGPT&nbsp;creator, surpassing&nbsp;Microsoft, which <a target="_blank" href="https://www.benzinga.com/25/01/43327823/softbank-eyes-historic-25-billion-investment-in-openai-poised-to-dethrone-microsoft-as-chatgpt-parents-biggest-investor" rel="noreferrer noopener">has&nbsp;invested nearly $14 billion</a>.
Technology &amp; Telecom
Meta said it has agreed to a $25 million settlement with President&nbsp;Donald Trump&nbsp;over his suspension from&nbsp;Facebook&nbsp;and&nbsp;Instagram&nbsp;<a target="_blank" href="https://www.benzinga.com/news/legal/25/01/43325503/mark-zuckerbergs-meta-pays-trump-25-million-to-settle-lawsuit-over-facebook-instagram-ban-after-jan-6-riot-a-big-year-for-redefining-our-relationships-with-governments" rel="noreferrer noopener">following&nbsp;the Jan. 6 Capitol riot</a>.
As McKinsey highlights a significant shift in how artificial intelligence will be used in the future,&nbsp;Verizon Communications Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VZ#NYSE">VZ</a>) launched&nbsp;AI Connect&nbsp;during its fourth quarter conference call, to meet the growing demand for <a target="_blank" href="https://www.benzinga.com/markets/25/01/43222744/verizon-launches-ai-connect-as-mckinsey-predicts-that-60-70-of-ai-workload-will-shift-from-training-to-inferencing-by-2030" rel="noreferrer noopener">network capacity and computational power</a>.
Read: <a target="_blank" href="https://www.benzinga.com/tech/25/01/43223228/satya-nadella-said-we-should-take-development-out-of-china-very-very-seriously-now-deepseeks-r1-has-emerged-as-chatgpt-killer-outperforming-openai-with-50x-cheaper-prices-heres-more" rel="noreferrer noopener">Satya Nadella Said &#8216;We Should Take Development Out Of China Very, Very Seriously.&#8217; Now, DeepSeek&#8217;s R1 Has Emerged As A ChatGPT Killer, Outperforming OpenAI With 50x Lower Costs: Here&#8217;s More</a>
Google Maps, owned by&nbsp;Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>), said that it will rename the "Gulf of Mexico" to "<a target="_blank" href="https://www.benzinga.com/tech/25/01/43256798/google-maps-to-rename-gulf-of-mexico-to-gulf-of-america-for-us-users-in-aftermath-of-trump-executive-order" rel="noreferrer noopener">Gulf of America" for U.S. users</a>.&nbsp;
Google&nbsp;has reportedly reclassified the U.S. as a "sensitive country.", which is typically reserved for nations with strict governments or border <a target="_blank" href="https://www.benzinga.com/media/25/01/43295150/google-reclassifies-us-as-sensitive-country-just-like-china-and-russia-after-trumps-gulf-of-america-move" rel="noreferrer noopener">disputes like China, Russia, and Iraq</a>.
Social Media
Jeff Bezos-backed&nbsp;Perplexity AI has reportedly submitted a&nbsp;revised proposal&nbsp;to merge with&nbsp;TikTok&#8217;s U.S. business, offering the U.S. government a 50% stake in the new entity.
A group of U.S. investors, with backing from&nbsp;YouTube&nbsp;star&nbsp;Jimmy Donaldson, also known as&nbsp;MrBeast, has amassed over <a target="_blank" href="https://www.benzinga.com/25/01/43325891/backed-by-youtube-king-mrbeast-group-of-american-investors-including-roblox-ceo-lock-in-over-20-billion-for-tiktok-takeover-but-they-have-not-heard-back-directly-from-bytedance" rel="noreferrer noopener">$20 billion to bid for&nbsp;</a><a target="_blank" href="https://www.benzinga.com/25/01/43325891/backed-by-youtube-king-mrbeast-group-of-american-investors-including-roblox-ceo-lock-in-over-20-billion-for-tiktok-takeover-but-they-have-not-heard-back-directly-from-bytedance" rel="noreferrer noopener">TikTok</a>.
Smartphones
Apple reportedly plans to release the&nbsp;iOS 18.4&nbsp;update in April, following the <a href="https://www.benzinga.com/tech/25/01/43221500/ios-18-4-preview-updates-to-siri-more-languages-for-apple-intelligence-and-robot-vacuum-support-everything-we-know-so-far" target="_blank" rel="noreferrer noopener">public rollout of&nbsp;</a><a href="https://www.benzinga.com/tech/25/01/43221500/ios-18-4-preview-updates-to-siri-more-languages-for-apple-intelligence-and-robot-vacuum-support-everything-we-know-so-far" target="_blank" rel="noreferrer noopener">iOS 18.3</a><a href="https://www.benzinga.com/tech/25/01/43221500/ios-18-4-preview-updates-to-siri-more-languages-for-apple-intelligence-and-robot-vacuum-support-everything-we-know-so-far" target="_blank" rel="noreferrer noopener">&nbsp;this week</a>.&nbsp;Apple has released&nbsp;iOS 18.3, addressing <a href="https://www.benzinga.com/25/01/43257851/ios-183-released-with-urgent-security-fixes-heres-why-every-iphone-user-should-update-immediately" target="_blank" rel="noreferrer noopener">29 security vulnerabilities</a>.
Apple joined forces with Elon Musk&#8217;s SpaceX and T-Mobile US Inc. to bring Starlink <a href="https://www.benzinga.com/25/01/43294364/apple-surprises-iphone-users-by-teaming-up-with-spacex-and-t-mobile-to-bring-starlink-satellite-texting-heres-what-you-need-to-know-about-the-new-feature" target="_blank" rel="noreferrer noopener">satellite texting capabilities to </a><a href="https://www.benzinga.com/25/01/43294364/apple-surprises-iphone-users-by-teaming-up-with-spacex-and-t-mobile-to-bring-starlink-satellite-texting-heres-what-you-need-to-know-about-the-new-feature" target="_blank" rel="noreferrer noopener">iPhones</a>.
Image: Shutterstock

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Consumer Tech News (Jan 27-Jan 31): China's DeepSeek Launch Gets Mixed Reaction From Experts, Tech Biggies Reported Earnings & More

In an act of retaliation, Canada has announced plans to impose tariffs on American goods. This move comes in response to President Donald Trump&#8216;s executive order that imposes a 25% tariff on most U.S. imports from Canada.
What Happened: President Trump&#8217;s Saturday executive order levies a 25% tariff on nearly all U.S. imports from Canada, along with a 10% tariff on energy.
Following this, Canadian Prime Minister&nbsp;Justin Trudeau&nbsp;has announced that Canada will impose&nbsp;25% counter-tariffs on C$155 billion&nbsp;($107 billion) worth of American-made&nbsp;products. 
According to a report <a href="https://www.bloomberg.com/news/articles/2025-02-02/-complete-betrayal-canada-reels-as-trump-tariff-hits-major-trade-relationship?sref=TBDibEcD">by</a> Bloomberg, the counter-tariffs will be effective from Tuesday, targeting C$30 billion worth of goods initially, with the remaining tariffs to be imposed later in February.
"From the beaches of Normandy to the mountains of the Korean Peninsula, from the fields of Flanders to the streets of Kandahar, we have fought and died alongside you during your darkest hours," the outlet quoted Trudeau telling Americans on Saturday night.
Also Read: <a href="https://www.benzinga.com/news/global/24/12/42257504/trump-threatens-brics-nations-with-100-tariffs">Trump Threatens BRICS Nations With 100% Tariffs</a>
"Yes, we've had our differences in the past, but we've always found a way to get past them. As I've said before, if President Trump wants to usher in a new golden age for the United States, the better path is to partner with Canada, not to punish us," he added. 
The Canadian tariffs will apply to a variety of American goods including beer, wine, food, and appliances. Trudeau also hinted at possible measures related to critical minerals and urged Canadians to support local businesses and avoid U.S. vacations.
The executive order by Trump, which accuses Canada and Mexico of not taking sufficient action against fentanyl production and trafficking,&nbsp;invoked emergency powers to justify&nbsp;the tariffs, bypassing&nbsp;formal procedures outlined in the&nbsp;US-Mexico-Canada Agreement signed in 2020.
Several Canadian officials, including Ontario leader&nbsp;Doug Ford&nbsp;and British Columbia premier&nbsp;David Eby, have expressed their outrage at Trump&#8217;s tariffs and announced their own retaliatory measures. Eby characterized Trump&#8217;s tariffs as a &#8220;complete betrayal&#8221;&nbsp;of the historic bond between&nbsp;the two nations.
Why It Matters: The imposition of these tariffs has sparked concerns among business groups and the Canadian Chamber of Commerce. 
They predict a drastic increase in costs and a potential market collapse due to the escalating trade tensions between the two countries. 
This trade dispute could have far-reaching implications for the economies of both nations and their bilateral trade relations.
Read Next
<a href="https://www.benzinga.com/news/global/25/01/42902618/canadian-official-claps-back-at-trumps-51st-state-comments-offers-to-buy-these-two-american-states">Canadian Official Claps Back At Trump&#8217;s 51st State Comments, Offers To Buy These Two American States</a>
Image: Shutterstock

Canada Retaliates Against Trump's Tariffs With Countermeasures: 25% Tariffs On $107 Billion of US-Made Goods

These twelve large-cap stocks were the worst performers in the last week. Are they in your portfolio?
<ol>
<li>Manhattan Associates, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MANH#NASDAQ">MANH</a>) shares plummeted 27.92% after the company announced soft guidance for the 2025 fiscal year <a href="https://www.benzinga.com//node/43315362" target="_blank" rel="noreferrer noopener">and analysts lowered the price forecast</a>.</li>
<li>Vertiv Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VRT#NYSE">VRT</a>) shares fell 20.02%. Melius Research analyst Scott Davis downgraded the company from Buy to Hold and <a href="https://www.benzinga.com/quote/vrt/analyst-ratings" target="_blank" rel="noreferrer noopener">announced a $125 price forecast</a>.</li>
<li>Comfort Systems USA, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FIX#NYSE">FIX</a>) stock declined 19.74% following the launch of DeepSeek<a href="https://www.benzinga.com//node/43254923" target="_blank" rel="noreferrer noopener">, China&#8217;s open-source AI model</a>.</li>
<li>Deckers Outdoor Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DECK#NYSE">DECK</a>) shares slipped 18.33% after the company reported its <a href="https://www.benzinga.com//node/43356259" target="_blank" rel="noreferrer noopener">third-quarter financial results</a>. Several analysts <a href="https://www.benzinga.com/quote/deck/analyst-ratings" target="_blank" rel="noreferrer noopener">cut the price forecast</a>.</li>
<li>Teva Pharmaceutical Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TEVA#NYSE">TEVA</a>) shares decreased 18.22% after it reported <a href="https://www.benzinga.com//node/43303023" target="_blank" rel="noreferrer noopener">fourth-quarter financial results</a>. Analysts <a href="https://www.benzinga.com/quote/teva/analyst-ratings" target="_blank" rel="noreferrer noopener">cut the price forecast</a>.</li>
<li>NVIDIA Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) lost 15.81% last week on <a href="https://www.benzinga.com//node/43220297" target="_blank" rel="noreferrer noopener">China&#8217;s DeepSeek sparking doubts</a> over GPU spending frenzy. Also, reports indicating Trump officials have discussed further curbing China sales weighed on the stock.</li>
<li>EMCOR Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EME#NYSE">EME</a>) stock fell 15.72%.</li>
<li>Venture Global, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VG#NYSE">VG</a>) shares slipped 14.79%.</li>
<li>Super Micro Computer, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) lost 14.28% last week due to <a href="https://www.benzinga.com//node/43231443" target="_blank" rel="noreferrer noopener">China&#8217;s DeepSeek sparking </a>investor fears in U.S. semiconductor stocks.</li>
<li>United Parcel Service, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UPS#NYSE">UPS</a>) shares tumbled 14.13% after it reported mixed fourth-quarter results and analysts <a href="https://www.benzinga.com//node/43389661" target="_blank" rel="noreferrer noopener">trimmed the price forecast</a>.</li>
<li>Quanta Services, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PWR#NYSE">PWR</a>) shares dipped 14.08%. Citigroup analyst Andrew Kaplowitz maintained a Buy rating and lowered <a href="https://www.benzinga.com/quote/pwr/analyst-ratings" target="_blank" rel="noreferrer noopener">the price forecast from $394 to $371</a>.</li>
<li>Constellation Energy Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CEG#NASDAQ">CEG</a>) shares dropped 13.66% amid concerns about AI competition from China&#8217;s DeepSeek AI model, which <a href="https://www.benzinga.com//node/43254923" target="_blank" rel="noreferrer noopener">has weighed on AI-related sectors</a>.</li>
</ol>
Read Next:
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<li><a href="https://www.benzinga.com/news/large-cap/25/02/43423005/alibaba-ibm-and-duolingo-are-among-top-0large-cap-gainers-last-week-jan-27-jan-31-are-the-others-in-your-portfolio" target="_blank" rel="noreferrer noopener">Alibaba, IBM And Duolingo Are Among Top 0Large Cap Gainers Last Week (Jan 27-Jan 31): Are The Others In Your Portfolio?</a></li>
</ul>
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NVIDIA, Teva Pharmaceutical And UPS Are Among Top Large Cap Losers Last Week (Jan 27-Jan 31): Are The Others In Your Portfolio?

These ten large-cap stocks were the best performers in the last week. Are they in your portfolio?
<ol>
<li>Atlassian Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TEAM#NASDAQ">TEAM</a>) shares escalated 15.85% after the company reported better-than-expected financial results for the fiscal second quarter and <a href="https://www.benzinga.com//node/43391113" target="_blank" rel="noreferrer noopener">analysts changed their price forecast</a>.</li>
<li>Royal Caribbean Cruises Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RCL#NYSE">RCL</a>) stock upped 14.86% after announcing upbeat fourth-quarter results <a href="https://www.benzinga.com//node/43312480" target="_blank" rel="noreferrer noopener">and analysts raised the price forecast.</a></li>
<li>International Business Machines Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBM#NYSE">IBM</a>) shares increased 13.75% after the company reported an upbeat fourth-quarter results and <a href="https://www.benzinga.com//node/43341886" target="_blank" rel="noreferrer noopener">analysts revised the price forecast</a>.</li>
<li>GitLab Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GTLB#NASDAQ">GTLB</a>) stock grew 12.30% amid a rebound in the broader space.</li>
<li>Check Point Software Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHKP#NASDAQ">CHKP</a>) shares gained 12.10% last week following <a href="https://www.benzinga.com//node/43347093" target="_blank" rel="noreferrer noopener">Q4 earnings</a>. Several analysts raised their <a href="https://www.benzinga.com/quote/CHKP/analyst-ratings" target="_blank" rel="noreferrer noopener">price forecasts</a> on the stock.</li>
<li>RBC Bearings Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RBC#NYSE">RBC</a>) shares jumped 10.99% after the company reported better-than-expected third-quarter results and issued fourth-quarter <a href="https://www.benzinga.com//node/43382549" target="_blank" rel="noreferrer noopener">net sales guidance above estimates</a>.</li>
<li>Alibaba Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) shares escalated 10.88% as the company&#8217;s latest artificial intelligence <a href="https://www.benzinga.com//node/43351350" target="_blank" rel="noreferrer noopener">model, Qwen 2.5, gained traction</a>.</li>
<li>Duolingo, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DUOL#NASDAQ">DUOL</a>) stock gained 10.77% last week after several analysts raised their <a href="https://www.benzinga.com/quote/DUOL/analyst-ratings" target="_blank" rel="noreferrer noopener">price forecasts</a>.</li>
<li>Franklin Resources, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BEN#NYSE">BEN</a>) stock upped 10.70% after the company reported better-than-expected Q1 financial results.</li>
<li>Cloudflare, Inc.&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NET#NYSE">NET</a>) stock rose 10.61% amid a rebound in the broader market, which sold off amid concerns about AI competition<a href="https://www.benzinga.com/quote/net/analyst-ratings" target="_blank" rel="noreferrer noopener"> from China</a>.</li>
</ol>
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Alibaba, IBM And Duolingo Are Among Top 0Large Cap Gainers Last Week (Jan 27-Jan 31): Are The Others In Your Portfolio?

Harry Lewis, the former Harvard professor of Bill Gates, recently expressed that Gates&#8217; decision to drop out of Harvard to start Microsoft did not come as a surprise to him.
What Happened: Lewis, who taught Gates applied mathematics at Harvard, remembered the future billionaire as being exceptionally inquisitive and mature for his age. Gates&#8217; thirst for challenges stood out, leading Lewis to believe that Gates&#8217; decision to leave Harvard wasn&#8217;t surprising.
Gates left Harvard after three semesters to launch Microsoft, which was then a startup in the budding software industry. This decision ultimately led Gates to become a billionaire by the age of 31. Today, Microsoft boasts a market value of nearly $3.2 trillion, and Gates&#8217; estimated net worth is $108.7 billion, according to Forbes.
Lewis humorously mentioned his regret at not investing in Gates when he had the chance. If he had invested $100 in Microsoft when the company went public in 1986, his shares would be worth approximately $650,000 today, after considering price appreciation and dividend payouts, according to <a href="https://www.cnbc.com/2025/01/29/bill-gates-harvard-professor-wasnt-surprised-he-dropped-out.html">a </a>CNBC analysis.
Also Read: <a href="https://www.benzinga.com/tech/25/01/43218782/bill-gates-i-would-probably-be-diagnosed-on-the-autism-spectrum-if-growing-up-today">Bill Gates: &#8216;I Would Probably Be Diagnosed on the Autism Spectrum&#8217; if Growing Up Today</a>
"He always wanted a challenge. I wasn't surprised when he dropped out — I just wish I'd invested in him," Lewis told the outlet. 
Despite being surrounded by students with superior math skills at Harvard, Gates stood out due to his curiosity and eagerness to tackle challenges. 
Lewis even suggested that Gates could have been a professional mathematician if he had chosen to pursue that path.
Why It Matters: Gates&#8217; early departure from Harvard to start Microsoft underscores his entrepreneurial spirit and risk-taking attitude. His decision to leave a prestigious institution like Harvard to venture into the uncertain world of software startups was a bold move that paid off immensely. 
Today, Microsoft is one of the most valuable companies in the world, and Gates&#8217; net worth is a testament to his vision and determination. 
Lewis&#8217; anecdote about Gates&#8217; time at Harvard provides a glimpse into the mindset of a young Gates, who was not afraid to challenge the status quo and take risks in pursuit of his ambitions.
Read Next
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Success Stories

Bill Gates' Early Departure From Harvard: Not Surprising, Says Former Professor: 'I Just Wish I'd Invested In Him'

Chinese startup DeepSeek has upended the artificial intelligence industry&#8217;s assumptions about costs and computing power, just as OpenAI announced its latest model can cost up to $3,000 per query.
DeepSeek&#8217;s R1 model, which rivals top U.S. systems in performance, reportedly cost just $5.6 million to develop. The breakthrough sent shocks through global markets Monday, erasing nearly $1 trillion in U.S. and European tech stock value, including a record $589 billion drop in Nvidia&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) market capitalization.
&#8220;It&#8217;s a paradigm shift,&#8221; Ali Ghodsi, CEO of Databricks Inc., said to Bloomberg. &#8220;These models that can reason are so much cheaper to produce that you will see it be democratized. You&#8217;ll see innovations from unexpected corners of the world.&#8221;
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Meanwhile, OpenAI&#8217;s new o3 model, announced just before Christmas, signals a contrary trend—achieving breakthrough performance but at staggering costs. The model requires up to $3,000 to solve a single query that humans complete in seconds, using 172 times more computing power than previous approaches.
&#8220;One very important thing to understand about the future: the economics of AI are about to change completely,&#8221; François Chollet, an AI researcher, said on X when o3 went public.
The model&#8217;s success came from its &#8220;test-time compute&#8221; approach, allowing it to think harder about each question. While this produced superior results, including a 91.5% score on Chollet&#8217;s challenging ARC test, it shattered previous cost assumptions about AI services.
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OpenAI, valued at $157 billion, may charge up to $2,000 monthly for full access to o3, according to The Economist, which cited New Street Research analyst Pierre Ferragu. Even the company&#8217;s current &#8220;pro&#8221; version of o1 loses money on its $200 monthly subscription tier due to higher-than-expected usage.
The cost structure challenges the traditional tech industry model of providing services at near-zero marginal cost. It also strengthens the position of suppliers like Nvidia and cloud providers like Amazon (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), Microsoft (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), and Alphabet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>, GOOGL)), which control the essential computing infrastructure. DeepSeek&#8217;s <a href="https://www.benzinga.com/markets/asia/25/01/43243584/deepseek-r1-vs-openai-what-consumers-need-to-know-about-ais-latest-challenger">success suggests an alternative path</a>. Founded by Liang Wenfeng in 2023, the company achieved its results through efficiency innovations and reinforcement learning techniques, despite limited access to advanced U.S. chips.
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&#8220;More investment does not necessarily lead to more innovation,&#8221; Liang told Chinese media outlet 36kr. &#8220;Otherwise, large companies would take over all innovation.&#8221;
The development is catching Silicon Valley&#8217;s attention. OpenAI CEO Sam Altman noted the shift, calling DeepSeek&#8217;s R1 &#8220;an impressive model&#8221; and &#8220;invigorating.&#8221; Meta established an internal team to analyze DeepSeek&#8217;s methods, according to Bloomberg, which cited people familiar with the matter.
Instead of a winner-take-all market, experts predict an oligopoly where multiple firms compete based on specialized applications. Companies like Anthropic, valued at $60 billion, and xAI at $45 billion, suggest investors see room for multiple players despite the high costs.
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'The Economics Of AI Are About To Change Completely': Why OpenAI's o3 Could Reshape The Industry — Costing Up To $3000 Per Query

A recent analysis by The Commonwealth Fund has revealed what many Americans may already suspect: the United States health care system ranks last among wealthy nations. Despite spending more on health care than any other country, the US continues to underperform in critical areas like accessibility, efficiency, equity, and health outcomes.
A Troubling Report Card
In the "Mirror, Mirror 2024: A Portrait of the Failing U.S. Health System" <a href="https://www.commonwealthfund.org/publications/fund-reports/2024/sep/mirror-mirror-2024">report</a>, researchers compared health care systems across 10 high-income countries—Australia, Canada, France, Germany, the Netherlands, New Zealand, Sweden, Switzerland, the United Kingdom, and the United States. The US came in last place overall, ranking 10th in accessibility and health outcomes, and poorly in administrative efficiency and equity.
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According to a September article in AJMC, Joseph Betancourt, MD, president of The Commonwealth Fund, summed it up saying: "The US is failing one of its principal obligations as a nation: to protect the health and welfare of its people… Continually spending the most and getting the least for our health care dollars is not sustainable."
What's Holding the US Back?
One of the <a href="https://www.benzinga.com/personal-finance/25/01/43218719/medicares-at-home-care-and-telehealth-restrictions-in-2025-could-limit-access-to-affordable-healthcare-heres-what-you-need-to-know">biggest issues is access to care</a>. With 26 million uninsured Americans and sky-high out-of-pocket costs, health care remains out of reach for many. In contrast, countries like the Netherlands and Germany offer universal coverage and affordable care, making access far more equitable.
The <a href="https://www.benzinga.com/personal-finance/24/12/42742855/mark-cuban-says-this-is-single-payer-how-his-healthcare-model-could-transform-the-u-s-healthcare-system">shortcomings of the US health care system</a> are further evident in its unparalleled spending. According to the Peter G. Peterson Foundation, in 2022, the United States spent an estimated $12,742 per person on health care—the highest per capita spending among wealthy nations. For comparison, Switzerland, the second-highest spender, allocated $9,044 per person, while the average for other Organization for Economic Development Cooperative and Development countries, excluding the US, was just $6,850.&nbsp;
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Administrative inefficiency is another key weakness. The US ranked ninth in the category due to its complex insurance system, which forces patients and providers to navigate endless denials, appeals, and paperwork.&nbsp;
In terms of equity, the US fared poorly as well, with widespread disparities in care based on race, ethnicity, and income. Issues like racial discrimination and uneven access to resources disproportionately impact vulnerable communities, worsening health outcomes for millions.
Finally, the US performed the worst in health outcomes. The country has the highest rate of preventable deaths, along with a lower-than-average life expectancy, driven by factors like the opioid crisis, gun violence, and chronic diseases.
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What Can Be Done?
The report emphasizes that the US health care system could learn a lot from other nations. Here's what researchers suggest:
<ul>
<li>Reduce financial barriers: Expand insurance coverage and ensure it protects against high out-of-pocket costs.</li>
<li>Simplify the system: Streamline administrative processes to reduce inefficiencies for both patients and providers.</li>
<li>Strengthen primary care: Invest in training and compensation for primary care providers to improve access and outcomes.</li>
<li>Address inequities: Combat racial and socioeconomic disparities by expanding social safety nets and addressing social determinants of health, like housing and food security.</li>
<li>Tackle market consolidation: Regulate health care mergers to reduce costs and improve access.</li>
</ul>
As Betancourt put it, "This report underscores the many lessons we could learn from others on how to strengthen our health care delivery and outcomes."
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The Bottom Line
The US health care system's high spending has not translated into better health outcomes or broader access. It's clear that reform is overdue, with opportunities to build a system that is more equitable, efficient, and effective for all Americans. By learning from other nations, the US could finally turn its spending into meaningful improvements for its citizens.
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Personal Finance

US Health Care Ranks Last Among Wealthy Nations — Study Reveals Despite Highest Spending, People Have Lower-Than-Average Life Expectancies

It's been over seven years since Elon Musk first teased the second-generation Tesla Roadster, a futuristic sports car promising jaw-dropping acceleration and a rocket-powered boost.&nbsp;
Yet, here we are in 2025 and the Roadster is still nowhere to be seen on public roads. Meanwhile, <a href="https://www.benzinga.com/tech/25/01/43048198/in-2011-elon-musk-mocked-tesla-rival-byd-fast-forward-to-2024-the-chinese-automaker-is-the-only-real-contender-to-tslas-global-dominance">Chinese automaker BYD</a> has stolen the spotlight with a real, functioning electric hypercar that performs like a beast and comes with an outrageous party trick: it can jump over potholes, police spikes and other obstacles.
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<h2 class="wp-block-heading">Tesla's Elusive Roadster</h2>
Back in 2017, Musk confidently declared that the Tesla Roadster would launch in 2020, setting performance standards no other car could touch. It was supposed to accelerate from 0 to 60 mph in 1.9 seconds, hit a top speed of over 250 mph and finish a quarter-mile in just 8.8 seconds. Musk now says the <a href="https://www.benzinga.com/news/24/07/39924101/new-tesla-roadster-will-be-something-special-says-ceo-elon-musk-production-to-commence-in-2025">Roadster will launch in 2025</a> with even more outrageous features, such as SpaceX-sourced rocket technology and a sub-second time to 60 mph.
But is it realistic? Experts think not. Achieving such acceleration would require forces 2.8 times stronger than gravity, which would likely leave drivers feeling dizzy or worse. Adding rockets may sound cool, but making them practical – or safe – on public roads is another story. And the idea of a "flying car" raises even more questions, from engineering challenges to FAA regulations. In short, the Tesla Roadster feels more like a fantasy than a car you'll see in your driveway anytime soon.
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<h2 class="wp-block-heading">BYD's Yangwang U9 – A Real-Life Marvel</h2>
While Tesla's Roadster remains a promise, BYD has delivered the goods. Their <a href="https://www.benzinga.com/news/24/09/41043074/byd-makes-a-red-yangwang-u9-supercar-for-its-9-millionth-new-energy-vehicle">Yangwang U9</a> is an all-electric hypercar with jaw-dropping capabilities. Priced at $236,000, the U9 features a 1,287-horsepower drivetrain that goes from 0 to 60 mph in 2.36 seconds, rivaling Tesla's Model S Plaid. But it's the car's suspension system that sets it apart.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">BYD&#39;s new &quot;jumping suspension&quot; feature on its Yangwang U9 supercar allows it to clear potholes&#8230;and road spikes <a href="https://t.co/4dKQmqJFOM">pic.twitter.com/4dKQmqJFOM</a>
&mdash; Electrek.co (@ElectrekCo) <a href="https://twitter.com/ElectrekCo/status/1876654085195304972?ref_src=twsrc%5Etfw">January 7, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Using BYD's DiSus-X intelligent suspension, the U9 can leap up to six meters forward to clear potholes, road spikes and other obstacles. In a recent demo, the self-driving car hit 75 mph and jumped over an eight-foot pothole without a human behind the wheel. This system also lets the car "dance" to music and even drive with three wheels, making it a true engineering showpiece.
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<a href="https://www.benzinga.com/news/24/03/37502601/tesla-rival-byd-drops-price-of-its-cheapest-ev-model-in-china-amid-fierce-war-for-market-share">BYD is known for its affordable EVs</a>, but the Yangwang brand represents its move into the luxury space. In addition to the U9, the range features unusual cars like an SUV that can float on water for 30 minutes in an emergency. The company's innovations aren't just for show – they're part of a larger strategy to challenge Tesla's dominance in high-end and affordable EV markets.
While Musk's Tesla continues to grab headlines with bold claims and delayed promises, BYD is quietly reshaping the EV landscape with practical, high-performance vehicles that push boundaries. The U9 may not fly or reach rocket-assisted speeds, but it's a real car you can buy.
The question is: will Tesla's elusive Roadster ever live up to its hype or has BYD already leaped ahead in the EV race?
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Musk's Rocket-Powered Tesla Roadster Is MIA, But A Chinese Automaker Unveils A $236k Self-Driving Car That Can Jump Over Potholes And Spikes

The Trump administration is mounting an aggressive push this weekend to secure Senate support for <a href="https://www.benzinga.com/topic/tulsi-gabbard" target="_blank" rel="noreferrer noopener">Tulsi Gabbard</a>'s nomination as Director of National Intelligence (DNI), according to Axios. With the Senate Intelligence Committee vote looming, officials are scrambling to ensure Gabbard, a former Democratic congresswoman and military veteran, clears the crucial first hurdle in her confirmation process.
Senate Republican Conference Chairman Tom Cotton (R-Ark.) has transformed the conference's official X account into a makeshift Gabbard "war room," underscoring the urgency of the administration's efforts. To advance her nomination to the full Senate, Gabbard needs to secure every Republican vote on the Intelligence Committee, though skepticism among some GOP senators threatens to derail her path. The committee includes nine Republicans and eight Democrats.
<h2 class="wp-block-heading">What's The Problem? Mostly Edward Snowden</h2>
The administration's lobbying efforts are reportedly focused on persuading Sen. Todd Young (R-Ind.), who, along with other senators, pressed Gabbard during her confirmation hearing over her reluctance to label whistleblower Edward Snowden a "traitor."
It seems no one has forgotten that Gabbard <a href="https://www.benzinga.com/news/24/12/42257381/snowden-finds-unexpected-allies-in-trumps-new-team">co-sponsored a resolution</a> in 2020 calling for the U.S. to dismiss all charges against Snowden, who has been living in Russia since 2013 after he leaked of classified documents from the National Security Agency.
<h2 class="wp-block-heading">Will Trump Step In? Most Likely</h2>
President Donald Trump is apparently considering direct outreach to the committee's Republicans to reassure them he has no intention of pardoning Snowden. 
"The president isn&#8217;t really talking about pardoning Snowden, but if that&#8217;s a guarantee they want to get Tulsi confirmed, the president will have those conversations,&#8221; an anonymous senior White House official <a href="https://www.axios.com/2025/02/01/trump-tulsi-gabbard-senate-intelligence">told</a> Axios.
A member of the Hawaii Army National Guard who deployed to Iraq with a medical unit, <a href="https://www.benzinga.com/markets/cannabis/23/02/30743988/breaking-the-chains-of-cannabis-criminalization-tulsi-gabbards-fight-for-legalization-from-grine">Gabbard also supports</a> federal legalization of marijuana. Her outspoken stances over the years, including opposing mainstream intelligence views on Russia, are now raising questions about how she would oversee the nation&#8217;s 18 intelligence agencies with a combined budget of approximately $70 billion.
<h2 class="wp-block-heading">Get On Board Or You&#8217;re Out</h2>
Meanwhile, MAGA-aligned activists are warning of primary challenges against any Republican senator who opposes Gabbard. "We are 100% serious," Turning Point Action spokesperson Andrew Kolvet said in a statement reported by Axios. "GOP senators in red states will open themselves up to well-funded, well-organized primary challenges if they stand in the way of confirming the Cabinet the president wants and the American people voted for."
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Trump Camp Threatens GOP Holdouts: Confirm Tulsi Gabbard For DNI Or Face Reelection Backlash

Esteemed American financier Peter Lynch imparted some key investment wisdom, underscoring the significance of patience, basic arithmetic, and a <a href="https://www.benzinga.com/news/stock-split/25/01/42804677/investment-guru-peter-lynch-if-you-invest-only-in-an-index-youll-never-beat-it-brushing-up-on-stock-picking-skills-is-wise">keen focus on a company&#8217;s fundamentals</a>.
What Happened: In one of his books, One Up on Wall Street, he has highlighted some of the most insightful investment thoughts and guideances. 
Lynch, who achieved an impressive 29.2% annual return during his time at the Fidelity Magellan Fund, underscored the crucial role of patience in investment. He said in the book, &#8220;If&nbsp;you invest $1,000 in a&nbsp;stock, all you can lose&nbsp;is $1,000, but you stand&nbsp;to gain $10,000 or even&nbsp;$50,000 over time if you're&nbsp;patient.&#8221;
Contrary to widespread belief, Lynch argued that basic arithmetic skills are all one needs for successful investing. He stated, &#8220;All&nbsp;the math you need in&nbsp;the stock market you get&nbsp;in the fourth grade.&#8221; He emphasized the importance of understanding a company&#8217;s fundamentals rather than relying on intricate mathematical analysis.
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Lynch also encouraged investors to concentrate on the companies themselves, rather than the stocks. He argued that aspects such as a company&#8217;s product lineup,&nbsp;growth potential, competitive advantages, and&nbsp;financial health are more indicative of its long-term performance than short-term market fluctuations.
Lynch reminded investors that losses are an inevitable part of investing and that there&#8217;s no disgrace&nbsp;in losing money on a&nbsp;stock. He stressed the importance of focusing&nbsp;on company fundamentals and industry&nbsp;outlook over short-term performance.
"There's no shame in losing money on a stock. Everybody does it. What is shameful is to hold on to a stock, or worse, to buy more of it when the fundamentals are deteriorating," he wrote in the book. &nbsp;
Why It Matters: Lynch&#8217;s insights serve as a timely reminder for investors, particularly those in their 60s, to focus on the long-term potential of their investments. His emphasis on patience, basic math, and company fundamentals over complex analysis and short-term market shifts provides a valuable perspective in today&#8217;s volatile market environment. 
His advice could potentially help investors make more informed decisions, mitigate losses, and maximize returns.
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Peter Lynch's Stock Tips: 'There's No Shame In Losing Money On A Stock, What Is Shameful Is To Hold On To A Stock When Fundamentals Are Deteriorating'

Famed investor&nbsp;Ray Dalio&nbsp;has forecasted China&#8217;s supremacy in the AI industry. Concurrently, Chinese AI startup&nbsp;DeepSeek&nbsp;has caused a significant disturbance in the tech market.
What Happened: Dalio expects&nbsp;China to leverage its manufacturing&nbsp;capabilities in the AI race, similar to its strategy with electric vehicles. He pointed out that leading AI firms like&nbsp;Nvidia Corporation&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) are confronted with &#8220;risk issues.&#8221;
Dalio underscored China&#8217;s potential in the AI sector, saying,&nbsp;&#8220;I think the Chinese are&nbsp;a bit behind in the&nbsp;chips, but they&#8217;re ahead in&nbsp;the applications.&#8221; He envisions China&#8217;s plan to involve low-cost chips integrated into manufactured products, such as robotics.
&#8220;You want to invest in productivity, but there&#8217;s great disruption, great disruption, that&#8217;s going to take place, and they&#8217;re going to be the disruptors and the disruptees,&#8221; Dalio told the outlet.
DeepSeek, a Chinese AI startup, recently grabbed headlines with the launch of its R1 model, creating a buzz in Silicon Valley and resulting in a significant decline in tech stocks. Nvidia&#8217;s market cap plummeted by nearly $600 billion in the aftermath of the news, reports <a href="https://www.businessinsider.com/ray-dalio-deepseek-china-chips-nvidia-2025-1">the</a> Insider.
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Investors are now reevaluating the substantial&nbsp;investments in AI infrastructure and&nbsp;capital expenditures by companies, particularly in light of potentially cheaper models like DeepSeek&#8217;s. An Nvidia spokesperson recognized DeepSeek as an &#8220;excellent AI advancement.&#8221;
Dalio also cautioned investors about the inflated share prices of AI and technology companies, drawing comparisons with the dot-com bubble of the late 1990s.
Why It Matters: The rise of China in the AI sector and the disruptive innovation by DeepSeek have significant implications for the tech industry. China&#8217;s strategy of integrating low-cost chips into manufactured goods could potentially reshape the AI landscape. 
Furthermore, the success of DeepSeek&#8217;s R1 model raises questions about the viability of&nbsp;massive investments in AI infrastructure&nbsp;by companies. 
The market response to these developments, as evidenced by the drop in Nvidia&#8217;s market cap, indicates the potential for a shift in the tech market dynamics.
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Image: Shutterstock

Ray Dalio Predicts China's Rise in AI: Chinese 'Are a Bit Behind in the Chips, But They're Ahead in the Applications'

President Donald Trump&#8217;s pledge to launch America&#8217;s largest deportation operation could face hurdles and could cost nearly $1 trillion over a decade, immigration experts and former officials warn.
The American Immigration Council estimates that deporting 11 million unauthorized immigrants would require building 216 new detention facilities yearly for more than a decade, each costing $36 million to build and $48 million annually to operate.
&#8220;It&#8217;s going to be impossible for them to achieve the goal that they set out — which is really getting rid of all the illegal immigrants in the United States,&#8221; David Bier, director of immigration studies at the Cato Institute, said to the Financial Times.
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Early enforcement actions show the scale of the challenge. ICE <a href="https://www.benzinga.com/news/25/01/43219483/trumps-immigration-enforcement-raids-begin-in-chicago-gov-pritzker-concerned-innocent-could-be-targeted">arrested 956 people Sunday</a>, the largest single-day total under the new administration. Yet even at the heightened pace, deportations would fall far short of Trump&#8217;s targets.
Immigration facilities already strain under current operations. ICE can detain 41,500 people at once, while border czar Tom Homan says he needs &#8220;at least 100,000 beds&#8221; to meet the administration&#8217;s goals.
&#8220;It&#8217;s not like you just flip a switch and immediately start rounding people up and sending them to the border,&#8221; John Torres, former ICE acting director during the George W. Bush and Obama administrations, said to the Financial Times.&nbsp;
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Current deportation numbers—271,484 in fiscal 2024—pale against Trump&#8217;s million-plus annual target.
The court system presents another bottleneck. Immigration courts face a 3.6-million-case backlog, up from 656,000 in 2017. Most deportations require court proceedings unless immigrants have existing removal orders.
Private prison companies like GEO Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GEO#NYSE">GEO</a>) and CoreCivic Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CXW#NYSE">CXW</a>) have seen their stock prices surge since the election. CoreCivic CEO Damon Hininger said his company could quadruple its current 10,000-bed capacity within six months, but building and staffing new facilities would strain federal resources.
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Republicans promise $100 billion for border security and enforcement, but experts say it falls far short. Former ICE Chief of Staff Jason Houser said, &#8220;There is no way they have the staff, the money and the resources and the legal authority&#8221; for mass deportations. The plan faces additional resistance from &#8220;sanctuary&#8221; jurisdictions that refuse to cooperate with federal immigration enforcement. While <a href="https://www.benzinga.com/news/25/01/43216758/well-go-as-far-as-im-allowed-trumps-plan-with-immigrants-starts-with-1-million-deportations">Trump threatens to withhold federal funding from those areas</a>, similar attempts during his first term were blocked by courts.
Constitutional hurdles also loom. The administration&#8217;s expanded &#8220;expedited removal&#8221; policy, allowing deportations without court review for those who can&#8217;t prove two years of U.S. residency, already faces legal challenges.&nbsp;
The American Civil Liberties Union calls it a &#8220;cheat code to circumvent due process and the constitution.&#8221;
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'It's Going To Be Impossible': Experts Doubt Feasibility Of Trump's Deportation Plan — Experts Estimate Nearly $1 Trillion Spend In 10 Years

Arab foreign ministers have reportedly rejected U.S. President Donald Trump&#8217;s suggestion to transfer Palestinians from Gaza to neighboring Egypt and Jordan, calling it a destabilizing<a href="https://www.benzinga.com/25/01/43011383/israel-gaza-ceasefire-hostage-exchange" target="_blank" rel="noreferrer noopener"> move that would threaten peace in the region</a>,
In order to reaffirm their commitment to upholding Palestinians&#8217; rights to their land, ministers from Egypt, Jordan, Saudi Arabia, Qatar, the UAE, the Palestinian Authority, and the Arab League issued a joint statement following a meeting in Cairo, Reuters reports.
The statement condemned any attempts to displace Palestinians or alter the status of Gaza, which they consider an integral part of a future independent Palestinian state.
Trump&#8217;s suggestion came after 15 months of Israeli bombardment that left much of Gaza in ruins and millions homeless.
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He had proposed that Egypt and Jordan take in Gazans, a proposal quickly rejected by both countries, as well as by Egypt&#8217;s President Abdel Fattah al-Sisi.
&#8220;Displacement of the Palestinian people from their land is an injustice that we cannot take part in,&#8221; Fattah al-Sisi added, Al Jazeera <a href="https://www.aljazeera.com/news/2025/2/1/arab-ministers-reject-trumps-call-to-displace-palestinians-from-gaza">reports</a>.
Critics argue that the proposal could lead to ethnic cleansing, as it would force Palestinians to leave their homeland.
The Arab foreign ministers also expressed support for Egypt&#8217;s efforts to host an international conference with the United Nations to rebuild Gaza, although no date has been set.
They emphasized the need for a peaceful resolution based on a two-state solution, reaffirming their desire to work with the U.S. administration to achieve lasting peace in the Middle East.
The rejection of Trump&#8217;s idea underscores the deep sensitivities surrounding the fate of Palestinians and the ongoing conflict in Gaza.
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Arab Nations Reject Trump's Controversial Gaza Plan: Here's Why

<h2 class="wp-block-heading">Federal Judge Orders $5.9 Billion Fine In Ponzi Scheme Case </h2>
Chief Judge David Godbey of the Dallas federal court on Wednesday ordered Allen Stanford to pay a $5.9 billion civil fine, ending the Securities and Exchange Commission&#8217;s 16-year<a href="https://www.benzinga.com/markets/cryptocurrency/23/11/35615187/sam-bankman-fried-joins-the-list-of-convicted-billionaires-but-who-leads-the-winnerslosers"> lawsuit against Stanford. </a>
Stanford is serving a 110-year prison sentence after being convicted in 2012 of defrauding investors in a $7.6 billion ponzi scheme, according to a Reuters report. Authorities said Stanford operated an Antigua-based financial institution, Stanford International Bank, and sold fraudulent high-yielding certificates of deposit over a 20 year period. 
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Judge Godbey also ordered Stanford Financial Group's former CFO James Davis to pay $17.66 million and its former chief accounting officer Gilberto Lopez to pay $3.42 million related to their roles in the fraud.&nbsp;
<h2 class="wp-block-heading">SEC Chairman Appoints New Staff Members</h2>
The Securities and Exchange Commission on Thursday <a href="https://www.sec.gov/newsroom/press-releases/2025-34">announced </a>Acting Chairman&nbsp;
Mark T. Uyeda has named Natalia Díez Riggin as Senior Advisor and Acting Director of the Office of Legislative and Intergovernmental Affairs.&nbsp;&nbsp;
"I'm thrilled that Natalia has joined us after her tenure working for Chairman Scott on the Senate Banking Committee," Acting Chairman Uyeda said. "Her expertise will help guide us as we focus our efforts at the SEC on capital formation and ensuring companies aren't impeded by ineffective regulation."
Last Saturday, Acting Chairman Uyeda selected several senior staff members to replace recent departures from the SEC.&nbsp;
The SEC senior staff selected by Acting Chairman Uyeda include:
<ul>
<li>Jeffrey Finnell, Acting General Counsel</li>
<li>Robert Fisher, Acting Director of the Division of Economic and Risk Analysis</li>
<li>Kathleen Hutchinson, Acting Director of the Office of International Affairs</li>
<li>Samuel Waldon, Acting Director of the Division of Enforcement</li>
<li>Ryan Wolfe, Acting Chief Accountant </li>
</ul>
"These talented individuals are committed to protecting the investing public, building trust with American companies and market participants, and promoting capital formation," Acting Chairman Uyeda said.
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Image: Shutterstock

Legal

Financial Crime Weekly: Judge Orders $5.9 Billion Fine In Ponzi Scheme Case, SEC Chairman Appoints New Staff Members

Palantir Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>), the AI behemoth that has been in the headlines for its artificial intelligence platform, has been the forerunner in providing data analytics tools to government customers for intelligence gathering,<a href="https://www.benzinga.com/trading-ideas/long-ideas/25/02/43420044/benzinga-bulls-and-bears-nvidia-palantir-rigetti-computing-and-shiba-inu-hints-at-major-partnership" target="_blank" rel="noreferrer noopener"> counterterrorism, and military purposes</a>.
The rise of China&#8217;s DeepSeek, with its open-source AI model and lower development costs, raises the question of how it might impact the future growth of Palantir&#8217;s <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/25/01/43267966/deepseeks-low-cost-model-reshapes-ai-landscape-experts-predict-shift-to-application-layer" rel="noreferrer noopener">stock in an increasingly competitive market</a>.
CEO Alex Karp recently discussed the growing competition in artificial intelligence from DeepSeek, which has raised apprehensions about the U.S.&#8217;s position in the AI race.
In an <a href="https://www.cnbc.com/2025/01/31/palantir-ceo-says-chinas-deepseek-shows-need-for-all-country-effort.html" target="_blank" rel="noreferrer noopener">interview</a> with CNBC, Karp stressed the urgency for the U.S. to accelerate its AI development in light of these emerging threats. He acknowledged that technology, while beneficial, could be misused, especially in the hands of adversaries, and emphasized the need for a coordinated national effort to safeguard American innovation.
Karp remains optimistic that national security will help protect U.S. advancements from manipulation or theft.
Palantir is set to report its <a href="https://www.benzinga.com/earnings" target="_blank" rel="noreferrer noopener">fourth-quarter earnings on Monday</a>. The street view for the adjusted earnings per share stands at 11 cents, while the analyst consensus estimate for revenues is $775.907 million.
DeepSeek, an open-source AI model, recently overtook OpenAI&#8217;s ChatGPT as the top free app on Apple&#8217;s U.S. App Store, shaking the tech world.
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This success raised questions about the costs of developing AI models, particularly in comparison to the enormous investments made by tech giants like NVIDIA Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>).
Karp expressed doubt about the reported low cost of DDeepSeek&#8217;sdevelopment, stating that he does not fully believe the estimates surrounding the mmodel&#8217;screation.
Palantir, a company valued at nearly $200 billion, has seen substantial growth, largely due to increasing demand for AI solutions.
Karp credited the ccompany&#8217;ssuccess to the focus on improving U.S. technological capabilities, positioning Palantir as a leader in the AI space.
In addition to discussing AI, Karp also addressed political controversies, offering support for Israel following the October 7 attack and defending Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) CEO Elon Musk against allegations related to political gestures. Karp also took a firm stance on illegal immigration, asserting that individuals who enter the U.S. illegally, particularly those engaged in criminal activity, should not be allowed to stay.
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</ul>
Image: Shutterstock

PLTR

Palantir CEO Alex Karp Sounds Alarm on China's Deepseek – Could This Threaten Palantir's AI Dominance?

ELEVAI Labs (ELAB) announces the launch of the S-Series Root Renewal System, an entry into the hair care market by its wholly owned subsidiary, Ele...

Elevai Skincare launches S-Series Root Renewal System

Elevai Labs (ELAB), subsidiary Elevai Biosciences, announced the next steps in its regulatory strategy for EL-22, aimed at treating obesity and pre...

Elevai Labs subsidiary announces FDA regulatory pathway for EL-22

PMGC Holdings, formerly known as Elevai Labs (ELAB), plans to effectuate a strategic reorganization effective on December 20, 2024. This reorganiza...

Elevai Labs plans name change to PMGC Holdings, redomicile to Nevada

Carmell Corporation (CTCX) announced that it entered into a definitive purchase agreement with PMGC Holdings (ELAB) and its wholly owned subsidiary...

Carmell Therapeutics enters definitive agreement to acquire Elevai Skincare

PMGC Holdings, formerly Elevai Labs (ELAB), announce the renaming of its wholly owned subsidiaries as part of a strategic effort to better align wi...

PMGC Holdings announces name change of wholly owned subsidiares

PMGC announced that Northstrive Biosciences has been invited to present at the upcoming symposium called Anti-Obesity Treatments: Challenges and Em...

PMGC subsidiary to present data on EL-22 at symposium

06:11 EST PMGC (ELAB) files $100M mixed securities shelf Published first on TheFly – the ultimate source for real-time, market-moving breaking fina...

PMGC files $100M mixed securities shelf

PMGC (ELAB) Holdings entered into a warrant inducement agreement with existing institutional investors for the exercise of certain outstanding Seri...

PMGC announces $1.9M in gross proceeds from warrant indeucement

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ATXI

BTAI

CTCX

ELAB

EVAX

GOEV

LTRN

NVNI

RNAZ

TVGN

WINT

Screenshot 2024-05-25 at 12.27.19 AM

Biotech

Interview

Ozempic And Wegovy Can Lead To Major Muscle Loss – This Company May Have A Solution

Screenshot 2024-05-16 at 5.52.00 PM

Elevai Labs (NASDAQ: ELAB) Acquires Rights To Develop Muscle Loss Prevention Assets For Anticipated Use In Anti-Obesity Treatments, Launches Two New Subsidiaries

Press Releases

Elevai Labs Inc. Announces Anticipated Name Change to PMGC Holdings Inc. and Redomicile to Nevada

Elevai Labs Inc. Announces Name Change to PMGC Holdings Inc. and Redomicile to Nevada

PMGC Holdings Inc. Following Skincare Subsidiary Sale, Embarks on Bold Growth Strategy

PMGC Holdings Inc. Announces Name Change of Wholly Owned Subsidiaries

PMGC Holdings Inc. Announces Closing of Elevai Skincare Divestiture

Health Care

Northstrive Biosciences Inc., a Subsidiary of PMGC Holdings Inc., to Present Breakthrough Muscle Preservation Asset at Exclusive UCLA Obesity Symposium

PMGC Holdings Inc. Announces $1.9 Million in Gross Proceeds from Warrant Inducement with Institutional Investors

Univest Securities, LLC Announces Closing of $1.92 Million Warrant Inducement for its Client PMGC Holdings Inc. (NASDAQ: ELAB)

Northstrive Biosciences Inc., a Subsidiary of PMGC Holdings Inc., Signs Agreement For Preclinical Mouse Study of EL-32, a Potential Breakthrough Obesity Therapy Targeting Fat Loss and Muscle Preservation in Combination with GLP-1

PMGC Capital LLC, a subsidiary of PMGC Holdings Inc., Begins to Build Portfolio with Strategic Acquisition of shares in U.S.-Focused Uranium Energy and Fire Prevention Technology Companies

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