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India central bank cuts policy rate for the first time in nearly five years; pegs GDP growth at 6.7% newsthirst.

Sanjay Malhotra, governor of the Reserve Bank of India (RBI), during a news conference in Mumbai, India, on Wednesday, Dec. 11, 2024. India’s newly-appointed central bank governor Malhotra said he will look to uphold stability and continuity in policy in his role. Photographer: Dhiraj Singh/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images The…

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DeepSeek can be a force multiplier for smaller AI chip firms newsthirst.

DeepSeek has rattled the U.S.-led AI ecosystem with its latest model, shaving hundreds of billions in chip leader Nvidia’s market cap. While the sector leaders grapple with the fallout, smaller AI companies see an opportunity to scale with the Chinese startup. Several AI-related firms told CNBC that DeepSeek’s emergence is a “massive” opportunity for them, rather…

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AWS earnings Q4 2024 newsthirst.

Amazon Web Services (AWS) CEO Matt Garman delivers a keynote address during the AWS re:Invent conference in Las Vegas on Dec. 3, 2024. Noah Berger | Getty Images Entertainment | Getty Images Amazon said Thursday that revenue growth from its cloud-computing business slowed slightly to just under 19% year over year in the fourth quarter,…

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