Forwarded from LegalBee : SEBI Legal/ IBPS SO Law and other Law Exams
Hi there, You are invited to a Zoom meeting. When: Jan 27, 2025 06:15 PM India Register in advance for this meeting: https://zoom.us/meeting/register/dIg93-O-Tz63b4Rweh8jIA After registering, you will receive a confirmation email containing information about joining the meeting.
Zoom
Welcome! You are invited to join a meeting: Upcoming Legal Govt Job Opportunities โ by Vidhika Ma'am. After registering, you willโฆ
๐5โค1๐ญ1
DeepSeek is a Chinese AI startup that has developed an advanced large-language model, rivaling Western counterparts like OpenAIโs ChatGPT, but at a fraction of the cost.
Impact on Nvidiaโs Stock:
โข Market Reaction: Following DeepSeekโs announcement, Nvidiaโs stock plunged by 11.5%, closing at $126.05.
โข Cost Efficiency Concerns: DeepSeek trained its AI model for just $5.6 million, significantly less than the hundreds of millions spent by U.S. companies, raising questions about the necessity of Nvidiaโs expensive chips.
Potential Threat to OpenAI:
โข Competitive Pressure: DeepSeekโs efficient model development could intensify competition in the AI sector, potentially challenging OpenAIโs market position.
This development underscores the rapidly evolving dynamics in AI technology and the global market.
Impact on Nvidiaโs Stock:
โข Market Reaction: Following DeepSeekโs announcement, Nvidiaโs stock plunged by 11.5%, closing at $126.05.
โข Cost Efficiency Concerns: DeepSeek trained its AI model for just $5.6 million, significantly less than the hundreds of millions spent by U.S. companies, raising questions about the necessity of Nvidiaโs expensive chips.
Potential Threat to OpenAI:
โข Competitive Pressure: DeepSeekโs efficient model development could intensify competition in the AI sector, potentially challenging OpenAIโs market position.
This development underscores the rapidly evolving dynamics in AI technology and the global market.
๐36โค3๐ญ3๐2๐ฅ1
RBI announces measures to manage liquidity conditions:
On a review of current liquidity and financial conditions, the ๐๐๐ฌ๐๐ซ๐ฏ๐ ๐๐๐ง๐ค has decided to conduct the following operations to inject liquidity into the banking system:
๐๐๐ purchase auctions of ๐๐จ๐ฏ๐๐ซ๐ง๐ฆ๐๐ง๐ญ ๐จ๐ ๐๐ง๐๐ข๐ ๐๐๐๐ฎ๐ซ๐ข๐ญ๐ข๐๐ฌ for an aggregate amount of โน60,000 crore in three tranches of โน20,000 crore each to be held on January 30, 2025, February 13, 2025, and February 20, 2025.
56-day ๐๐๐ซ๐ข๐๐๐ฅ๐ ๐๐๐ญ๐ ๐๐๐ฉ๐จ (๐๐๐) auction for a notified amount of โน50,000 crore to be held on February 7, 2025.
USD/INR ๐๐ฎ๐ฒ/๐๐๐ฅ๐ฅ ๐๐ฐ๐๐ฉ ๐๐ฎ๐๐ญ๐ข๐จ๐ง of USD 5 billion for a tenor of six months to be held on January 31, 2025.
2. Detailed instructions for each operation shall be issued separately.
3. The Reserve Bank will continue to monitor evolving liquidity and market conditions and take measures as appropriate to ensure orderly liquidity conditions.
On a review of current liquidity and financial conditions, the ๐๐๐ฌ๐๐ซ๐ฏ๐ ๐๐๐ง๐ค has decided to conduct the following operations to inject liquidity into the banking system:
๐๐๐ purchase auctions of ๐๐จ๐ฏ๐๐ซ๐ง๐ฆ๐๐ง๐ญ ๐จ๐ ๐๐ง๐๐ข๐ ๐๐๐๐ฎ๐ซ๐ข๐ญ๐ข๐๐ฌ for an aggregate amount of โน60,000 crore in three tranches of โน20,000 crore each to be held on January 30, 2025, February 13, 2025, and February 20, 2025.
56-day ๐๐๐ซ๐ข๐๐๐ฅ๐ ๐๐๐ญ๐ ๐๐๐ฉ๐จ (๐๐๐) auction for a notified amount of โน50,000 crore to be held on February 7, 2025.
USD/INR ๐๐ฎ๐ฒ/๐๐๐ฅ๐ฅ ๐๐ฐ๐๐ฉ ๐๐ฎ๐๐ญ๐ข๐จ๐ง of USD 5 billion for a tenor of six months to be held on January 31, 2025.
2. Detailed instructions for each operation shall be issued separately.
3. The Reserve Bank will continue to monitor evolving liquidity and market conditions and take measures as appropriate to ensure orderly liquidity conditions.
โค17๐6
Why China is leader in a technology?
โ Indian Students often prioritize long-term U.S. residency for higher earning potential and career opportunities in tech giants like Google/Microsoft.
โ Chinese Students increasingly return home, driven by nationalism, state-backed incentives, and Chinaโs booming tech sector (e.g., AI, semiconductors).
Key Drivers:
๐น For India:
Limited domestic opportunities + strong U.S. diaspora networks.
๐น For China:
Serve the Motherland campaigns + restrictions on sensitive fields in the U.S.
โ Indian Students often prioritize long-term U.S. residency for higher earning potential and career opportunities in tech giants like Google/Microsoft.
โ Chinese Students increasingly return home, driven by nationalism, state-backed incentives, and Chinaโs booming tech sector (e.g., AI, semiconductors).
Key Drivers:
๐น For India:
Limited domestic opportunities + strong U.S. diaspora networks.
๐น For China:
Serve the Motherland campaigns + restrictions on sensitive fields in the U.S.
๐43๐ฏ8โค3๐3
#Nvidia lost about $534 billion in market capitalization Monday, which would be by far the single greatest one-day value wipeout of any company in #history, exceeding the $279 billion market cap lost by none other than Nvidia on Sept. 3, 2024 (Metaโs $251 billion loss Feb. 3, 2022 is the third-biggest daily loss).
#China #DeepSeek #OpenAI #Microsoft #Google
#China #DeepSeek #OpenAI #Microsoft #Google
๐ญ20๐15๐ฅ6๐3
About Liang Wenfeng CEO DeepSeek AI:
1. Visionary Leader: Liang Wenfeng, CEO of DeepSeek AI, left Wall Street in 2019 to democratize AI, aiming to make it accessible beyond elites.
2. Early Success: Founded Huanfang Quantitative, an AI hedge fund, and later High-Flyer (manages $8B AUM), leveraging predictive algorithms.
3. Bold Moves: Acquired 10,000 Nvidia H800 chips (2021) and launched DeepSeek (2023) with a lean team focused on efficiency.
4. Talent Acquisition: Hired top PhDs from Peking, Tsinghua, and Beihang universities, offering salaries rivaling tech giants like ByteDance.
5. Cost Efficiency: Developed AI models (V3, R1) rivaling OpenAI at ~1/20th the cost ($6M vs. OpenAIโs $600M+).
6. Open-Source Innovation: DeepSeek R1 is open-source, fully discloses reasoning steps, and costs <$4/million tokens vs. OpenAIโs $100+.
7. Transparency: Published groundbreaking methods in a paper co-authored by 200+ researchers, fostering industry-wide innovation.
8. Defying Limits: Overcame US export restrictions by optimizing GPU usage and developing novel training techniques.
9. Mission-Driven: Rejected a $10B acquisition offer, stating DeepSeek is a โmissionโ to democratize AI.
10. Impact: Demonstrated Chinese AI talentโs global rise (38% of top U.S. AI talent is Chinese) and redefined cost benchmarks in AI development.
1. Visionary Leader: Liang Wenfeng, CEO of DeepSeek AI, left Wall Street in 2019 to democratize AI, aiming to make it accessible beyond elites.
2. Early Success: Founded Huanfang Quantitative, an AI hedge fund, and later High-Flyer (manages $8B AUM), leveraging predictive algorithms.
3. Bold Moves: Acquired 10,000 Nvidia H800 chips (2021) and launched DeepSeek (2023) with a lean team focused on efficiency.
4. Talent Acquisition: Hired top PhDs from Peking, Tsinghua, and Beihang universities, offering salaries rivaling tech giants like ByteDance.
5. Cost Efficiency: Developed AI models (V3, R1) rivaling OpenAI at ~1/20th the cost ($6M vs. OpenAIโs $600M+).
6. Open-Source Innovation: DeepSeek R1 is open-source, fully discloses reasoning steps, and costs <$4/million tokens vs. OpenAIโs $100+.
7. Transparency: Published groundbreaking methods in a paper co-authored by 200+ researchers, fostering industry-wide innovation.
8. Defying Limits: Overcame US export restrictions by optimizing GPU usage and developing novel training techniques.
9. Mission-Driven: Rejected a $10B acquisition offer, stating DeepSeek is a โmissionโ to democratize AI.
10. Impact: Demonstrated Chinese AI talentโs global rise (38% of top U.S. AI talent is Chinese) and redefined cost benchmarks in AI development.
๐45๐ฅ8โค4๐2
The Income Tax Department has started sending this message to all the tax payers who have claimed deductions for donation to political party u/s 80GGC in the last 2 years and emphasizing on filing an updated Return.
This is very interesting.
In my opinion the following things might be there in the departmentโs mind:
1. Firstly Majority of these donations are fake and made by Salaried Individuals. Therefore the department is playing a mind game to scare them to file an updated return and take 25% or 50% additional tax u/s 140B along with Interest.
2. Secondly I feel this is also a deterrent for not making such fake donations for the current FY 2024-25 as majority of tax payers do this in the last 2 months of the FY.
3. Thirdly the department will check later the donors of which political party will file maximum updated return so that those political parties can be taken under scanner.
This is very interesting.
In my opinion the following things might be there in the departmentโs mind:
1. Firstly Majority of these donations are fake and made by Salaried Individuals. Therefore the department is playing a mind game to scare them to file an updated return and take 25% or 50% additional tax u/s 140B along with Interest.
2. Secondly I feel this is also a deterrent for not making such fake donations for the current FY 2024-25 as majority of tax payers do this in the last 2 months of the FY.
3. Thirdly the department will check later the donors of which political party will file maximum updated return so that those political parties can be taken under scanner.
๐32โค12๐ฏ2