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Today's Market
January 29, 2025 at 12:15 p.m. EST
Today is a Fed Day but the focus continues to be on the tech sector as the DeepSeek drama continues to play out. Last night, Bloomberg reported that Microsoft and Open AI were investigating whether a group linked to DeepSeek inappropriately accessed data from Open AI’s model, adding to the skepticism. This morning, a NewsGuard audit said that DeepSeek underperformed Western peers when given news-related prompts with a fail rate of 83% vs. 62%, which means it still probably makes sense to draw your own conclusions from news. Sticking with AI, late in yesterday’s session Alibaba released a new version of its Qwen 2.5 AI model which it says outperforms other models including DeepSeek’s. This sent the stock sharply higher and has helped to keep a bid under Chinese tech stocks. Keep in mind local Chinese markets are closed for the remainder of the week for the holiday. Overnight Japanese semiconductor company, Advantest (+~5%) put up solid results helping the Nikkei close up 1%. In Europe, ASML also had solid numbers and was up >10% overnight but has given up about half of those gains. These headlines along with a round of solid tech earnings in the US had S&P futures trading modestly higher overnight.
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(ART)ificial Intelligence
The NYSE sent a crew to Madrona’s IA Summit in Seattle, where we had a chance to meet the leaders of exciting companies in AI and ask them to share questions and prompts on a variety of thought-provoking topics. But this isn't just another Q&A series, we took those answers and transformed them into art – using AI, of course.
Making their mark
Entrepreneurs come to the NYSE to realize their ideas and change the world. We teamed up with 3M’s
Post-it® Brand to encourage future leaders visiting our building to take a step toward making their goals and dreams happen. Watch as interns from Life Science Cares’ Project Onramp make their mark.
The Cure(ious) TM
We asked some of the most curious minds in life sciences and healthcare to share thoughts on their careers, the future of health and more. Each participant drew questions and shared their insights, knowledge and some personal fun facts that left us inspired about the future of health and wellness.