Chinese AI chatbot DeepSeep became the top-rated free app on Apple play store in the United States, leading to a crash in the US stock market.
Australia’s dilemma is that there is a tension in balancing the commercial advantages of cheaper Chinese technology with our national security interests.
The RBA has maintained the Official Cash Rate (OCR) steady at 4.35% since November 2023, claiming inflation needs to “sustainably” return to its target band of 2% - 3% before considering a rate cut. The latest Board meeting took place in December, and officials claimed they were “gaining confidence” that inflation was moving in the right direction.
Australian Minister for Industry and Science Ed Husic yesterday raised privacy concerns over China’s breakout artificial intelligence (AI) chatbot DeepSeek, urging users to think carefully before downloading it.
“The Chinese government firmly opposes any form of illegal migration,” she added. This comes after US President Donald Trump threatened to hit Colombia with tariffs of up to 50% as the latter refused to take back deported migrants.
Beijing’s state media recently published an article drawing attention to Washington’s apparent plans to use Australia as a “beachhead” for the looming Indo-Pacific war. Besides missing the strategic context of Australia’s thinking post-World War II,
A separate fast-moving fire in Little Desert National Park in the west of the state has torn through almost 65,000 hectares in less than 24 hours, emergency services said, scorching an area almost as large as Singapore. That fire had forced the evacuation of rural Dimboola before threat levels were downgraded yesterday afternoon.
So much for the quiet pre-holiday trading session as Asian equities were mixed though Australia was closed for Australia Day, Indonesia was closed for Al Isra’ wal-Mi’raj, South Korea was closed for the Korean New Year,
The United States, Australia, India and Japan recommitted to working together on Tuesday, after the first meeting of the China-focused "Quad" grouping's top diplomats since President Donald Trump returned to the White House.
Australia's science minister, Ed Husic, has become the first member of a Western government to raise privacy concerns about DeepSeek, the Chinese chatbot causing turmoil on the markets and in the tech industry.
According to experts the escalating US-China tech rivalry could disrupt Australia’s own automotive supply chain, particularly as several US manufacturers export to Australia. Australia is also ...