February 1, 2025

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n nCostco is boosting hourly wages to more than $30 an hour for most nonunion U.S. store employees, the company said in a memo to staff this week. Starting in March, workers at the top of the pay scale will receive a $1 per hour raise to $30.20, followed by additional $1 raises each year […]

DeepSeek: What lies under the bonnet of the new AI chatbot? BBC.com nDeepSeek-R1 models now available on AWS AWS Blog nDeepSeek’s Answers Include Chinese Propaganda, Researchers Say The New York Times nWas this the week DeepSeek started the slow unwinding of the AI bet? The Guardian n— news from BBC.com

AI stocks were this past week when Wall Street took notice of a high-performance, shockingly efficient open-source AI model from Chinese start-up DeepSeek. The high-performance model, which DeepSeek said was trained in a matter of months for about $6 million, sparked concern that useful AI may not require the most powerful and most expensive hardware. […]

Costco is boosting hourly wages to more than $30 an hour for most nonunion U.S. store employees, the company said in a memo to staff this week. Starting in March, workers at the top of the pay scale will receive a $1 per hour raise to $30.20, followed by additional $1 raises each year for […]

DeepSeek, a Chinese artificial intelligence (AI) start-up, is sending shock waves through the U.S. tech sector by demonstrating its latest AI assistant, which achieves performance comparable to or even surpassing some of the world’s best chatbots. The kicker here is that DeepSeek reportedly accomplished this using significantly less computational power, relying on fewer and less […]

nKohl’s has reduced its corporate workforce by approximately 10%, following its announcement to close 27 underperforming stores across 15 states by April. This decision aims to enhance efficiency and profitability for long-term benefits. n nThe company stated that more than half of the job cuts resulted from closing open positions, with fewer than 200 current […]

nDeepSeek’s powerful and cost-effective AI models have significantly impacted the tech industry. Sam Altman announced that OpenAI will adopt one of DeepSeek’s popular approaches during a Reddit AMA session. He acknowledged that OpenAI has been on the wrong side of history regarding model weights and emphasized the importance of adapting when rivals succeed with different […]

Tech stocks have experienced their worst week in months following the unexpected rise of DeepSeek, a development that caught many by surprise. MarketWatchOpinion suggests that the Nvidia rout is just the beginning, while The New York Times highlights the impact on US tech shares recovering from a steep selloff. Reuters reports on the recovery of […]

Costco announced that all employees at its non-union stores will get a pay raise just before employees at unionized locations are set for strike action according Bloomberg reports highlighting key facts including background information about Costco being known as retail employer choice due high wages benefits which now further increased attracting those seeking career rather […]