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By proving that a massive AI model can be trained with significantly fewer resources, DeepSeek has challenged assumptions about the link between financial investment and model quality In the world of US-dominated Big Tech, where training colossal AI models often demands eye-watering budgets and proprietary black boxes, a Chinese AI team has pulled off a hat trick: building a top-tier model that’s faster, cheaper and radically open. Meet DeepSeek-V3 – a 671-billion-parameter beast that runs like a lean startup, outmuscling giants like GPT-4o while costing just $5.5 million to train. DeepSeek, the company behind the DeepSeek-V3, is a Chinese AI research organisation specialising in open-source large language models. Founded in 2023 in Hangzhou, Zhejiang, DeepSeek has quickly risen to prominence due to its innovative approach to model training and deployment. Unlike many competitors, the company prioritises transparency, releasing its research openly for developers worldwide. One of its most significant achievements came in January 2025, when DeepSeek released its AI Assistant based on the DeepSeek-R1 model. The chatbot rapidly climbed the App Store rankings, surpassing ChatGPT to become the most downloaded free app in the US. This milestone underscored DeepSeek’s ability to compete with – and, in some cases, outperform – established Western AI firms. A major part of DeepSeek’s success lies in its strategic resource management. While OpenAI and Google DeepMind rely on supercomputers equipped with up to 16,000 GPUs, DeepSeek trained its flagship models using just 2,000 Nvidia H800 chips. This not only reduced costs but also showcased the power of algorithmic efficiency over...
Historical precedents remind us, that technological disruptions often generate pockets of acute job displacement, while real-world data from the IMF and World Bank highlight persistent and systemic barriers that can hinder job transitions and reskilling efforts. Every year, the World Economic Forum (WEF) publishes its highly anticipated Future of Jobs report. These reports spark widespread discussion among policymakers, business leaders, and journalists, largely due to their sweeping predictions about job creation, job displacement, and the overall impact of technological advancements on employment. Although the WEF’s view that emerging technologies will lead to a net positive outcome for the global workforce is encouraging, it is essential to explore the underlying optimism bias that may shape such projections. WEF’s forecasts may not fully account for the complexities of real-world labour markets – especially when juxtaposed with historical precedents and data from the International Monetary Fund (IMF) and the World Bank or even corporate sector forecasts. A recent Bloomberg report predicts that global banks will cut as many as 200,000 jobs in the next three to five years as artificial intelligence encroaches on tasks currently carried out by human workers. The number of new jobs to be created in this sector is anyone’s guess. Job Creation vs. Job Displacement: A Fragile Balance WEF Projections: The WEF’s Future of Jobs 2025 report estimates a net increase of 78 million jobs globally by 2030. Within this figure, 170 million new roles are expected to emerge while around 92 million existing jobs will be lost due to automation and restructuring. At...
While the withdrawal of FIIs and FPIs is concerning, the increased participation of domestic investors offers a silver lining.The ongoing outflow story underscores the need for India to bolster its investment climate by addressing valuation concerns, accelerating reforms, and ensuring macroeconomic stability In recent months, India’s financial markets have faced an unsettling phenomenon: the mass exodus of Foreign Institutional Investors (FIIs) and Foreign Portfolio Investors (FPIs). These investors, whose cumulative investments play a critical role in shaping the equity landscape, have been withdrawing substantial amounts of capital, leading to a ripple effect on market indices, valuations and broader sentiment. While significant in itself, this gains greater relevance when juxtaposed with a global economic environment marked by inflation concerns, central bank monetary tightening, geopolitical uncertainties and shifting risk appetites. For context, FIIs have pulled out over $19 billion from Indian equities since their peak in September 2024, marking the second-largest outflow in absolute terms in India’s history. Concurrently, about 75% of India’s benchmark BSE200 stocks are trading below their 200-day moving average. Such numbers are not just data points – they signify the shifting sands of global investor preferences and pose critical questions about India's economic resilience and attractiveness in a volatile world. Image: The second-largest FII selling in India’s history, based on absolute flows;Source: Goldman Sachs research (Jan. 24, 2025) Why the Exodus? The exodus of FIIs and FPIs from Indian equity markets (and emerging market equities as a whole) is not a random occurrence – it is the culmination of several interwoven factors ranging...
From theoretical possibility to a thriving criminal enterprise, ransomware has come a long way. Read on to know more: According to a recent survey, ransomware payments have nearly doubled $1.5 million over the past year, with the highest-earning organisations the most likely to pay attackers. These ransomware attacks, characterised by hackers encrypting sensitive data and demanding ransoms for its release, have become increasingly common and sophisticated, affecting governments, businesses, and individuals alike and posing an emerging threat to cryptocurrencies, particularly Ethereum. Figure 1: Global ransomware damage costs and forecasts; Source: World Economic Forum/The Conversation The Proliferation of Ransomware Ransomware attacks have become so frequent that they often fail to make significant headlines. However, exceptions occur, such as the May and June 2023 attack exploiting a vulnerability in the Moveit file transfer app, which garnered widespread attention due to its high-profile victims, including British Airways, the BBC, and Boots. This alarming trend is exemplified by the fact that the average ransomware payment by UK organisations in 2023 was even higher, at US$2.1 million. The National Cyber Security Centre (NCSC) in the UK thus issued new guidance in 2022, urging organisations to bolster their cybersecurity defences amid concerns of state-sponsored cyberattacks linked to the conflict in Ukraine. These attacks, frequently involving Russia, have highlighted the geopolitical implications of ransomware. Ransomware attacks can have diverse and severe financial and societal impacts, affecting various sectors, including government, healthcare, education, and small businesses. The May 2023 Dallas City Government attack, for instance, disrupted hearings, trials, and jury duty, leading to...
You want to succeed, surround yourself with the right kind of people who will support and encourage you all the way. Be with people who have utmost conviction and patience. The battle is never lost until you’ve abandon your vision. But what if you’re really exhausted physically, mentally, and most of all emotionally? Here are some sources of motivation to prompt you in reaching the peak of accomplishment. “Success is the result of perfection, hard work, learning from failure, loyalty, and persistence” Philip Reyes Let me share with you one of my favorite quotes, as stated in that quote, there are three key factors to achieve massive success in your life: Urban life in the city Never ever think of giving up. Winners never quit and quitters never win. Take all negative words out of your mental dictionary and focus on the solutions with utmost conviction and patience. The battle is never lost until you’ve abandon your vision. Martial arts figure prominently in many Asian cultures, and the first known traces. Seeing trends before they start Success needs hard work. Don’t listen to these ‘get rich quick’ schemes. You need to build your character and work hard on yourself and your business to achieve greatness. Work hard and work smart. Do the right things and do them in the right way. Don’t procrastinate. Take bold actions. Work long hours and craft your legacy. Learning from failure Successful people do not see failures as failures. They see them as important learning lessons. Lessons that are capable...
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