Sources Say

• Chinese AI company DeepSeek is reportedly developing its own proprietary AI chips to reduce reliance on external hardware. • This move represents a major strategic shift for the firm, which is currently regarded as China's leading AI champion. • The development is critical as China faces ongoing U.S. export restrictions on high-end semiconductors, such as those from Nvidia.

• Chinese AI firm DeepSeek is reportedly developing its own proprietary AI chips to reduce reliance on external hardware. • This move coincides with a shift in financial strategy, as the company is seeking its first outside capital through a funding round. • According to Reuters, DeepSeek aims to raise $7 billion, which would value the company between $52 billion and $59 billion.

• Beijing is considering new restrictions to curb overseas access to China's most advanced artificial intelligence models. • The move treats high-end AI as a strategic national asset, reflecting a broader effort to ensure homegrown technology remains within the country. • These discussions align with public concerns from state media and Zhou Hongyi, founder of cybersecurity firm 360, who advocates for China to develop its own "Mythos."

• Chinese AI firm DeepSeek is reportedly developing its own proprietary AI chips to reduce reliance on external hardware. • This move follows the company's global success with two highly efficient AI models that gained significant attention in Silicon Valley and Washington. • To fund this expansion, DeepSeek is shifting its strategy to accept external capital, with a maiden funding round aiming to raise $7 billion.

Kremlin may attempt to test Nato cohesion as Russia comes under growing pressure from Ukraine, according to sources from two countriesTwo countries on Nato’s eastern flank have warned that Russia is preparing a possible “provocation” in the Baltic states or Poland in an effort to test the cohesion of the western military alliance.Western sources also fear there could be danger on the horizon because the Kremlin is coming under pressure from Ukraine’s campaign of long-range attacks on targets near Moscow and St Petersburg. Continue reading...

Starmer ‘can’t sack him or let him resign’, says ally of Dan Jarvis after predecessor’s resignation The new defence secretary is to revisit a controversial plan for funding the armed forces and may return to demand more cash from the Treasury, allies have said.Multiple government sources said Dan Jarvis would look to “reprioritise” aspects of the defence investment plan (Dip), which was delayed until July after the resignation of John Healey following a disagreement over its funding. Continue reading...

Exclusive: Greater Manchester mayor ‘serious’ about taking over ‘essentials of life’ if he becomes PM, a move critics say could cost taxpayer billions A decade-long project to bring water and energy into public control will lie at the heart of Andy Burnham’s agenda should he become prime minister, according to sources close to the Greater Manchester mayor.Several close allies of Burnham have said he wants to take over broad swathes of UK utilities in an effort to improve performance and potentially reduce bills for consumers. Continue reading...

• China is designing a new futures market specifically for AI tokens to help investors and companies hedge the rising costs of artificial intelligence. • This initiative represents a strategic shift compared to U.S. exchanges, which are currently focusing on developing compute power futures. • The move highlights the intensifying technological race between China and the U.S. to establish dominant financial infrastructure for the AI sector.

• China is designing a new futures market specifically for AI tokens to manage the rising costs associated with artificial intelligence. • This initiative represents a strategic shift in approach compared to U.S. exchanges, which are currently focusing on developing compute power futures. • The move is intended to provide a mechanism for companies to hedge AI-related expenses amid a global race for technological dominance.

• FIFA media rights officials are visiting India this week to negotiate a broadcast deal for next month's World Cup. • No agreement has been reached yet because FIFA and Indian broadcasters remain in a deadlock over pricing. • The lack of a deal puts millions of Indian soccer fans at risk of missing the tournament entirely.

UK chancellor said to have told US treasury secretary she did not like his tone during meeting in Washington in AprilUK politics live – latest updatesMiddle East crisis – live updatesRachel Reeves had an angry exchange with her US counterpart, Scott Bessent, in Washington last month over the war in Iran, sources have said, in the latest sign of the deepening tensions between the two countries.The chancellor and the US treasury secretary argued in person during the spring meetings of the International Monetary Fund, according to people briefed on the exchange, confirming a story first reported by the Financial Times. Continue reading...

Rex Heuermann, 62, who is accused of murdering seven women over 17 years, is due to appear in court next monthThe man accused in Long Island’s infamous Gilgo Beach serial killings intends to plead guilty in the case next month, according to two people familiar with his decision.Rex Heuermann, a former architect charged with murdering seven women over 17 years, is set to change his plea from not guilty at his next scheduled court hearing on 8 April, they said. Continue reading...