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Alset AI Provides Update on Majority Acquisition of Cedarcross Technologies and Commentary on DeepSeek AI
VANCOUVER, BC / ACCESS Newswire / January 30, 2025 / Alset AI Ventures Inc. (TSXV:GPUS)(OTC:ALSCF)(FSE:1R60, WKN:A3ESVQ) ("Alset AI" or the "Company") an artificial intelligence (AI) venture company advancing innovation through strategic investment and cloud computing solutions, is pleased to announce progress in its previously announced proposed acquisition of an aggregate 26% stake of Cedarcross International Technologies Inc. ("Cedarcross Technologies"), the Company's flagship AI cloud computing infrastructure portfolio company (the "Acquisition"). While the closing process has taken longer than initially anticipated, the Company is in the final stages of due diligence and is actively working to complete the Acquisition, subject to the approval of the TSX Venture Exchange. Upon closing, Alset AI will hold an approximately 75% equity interest in Cedarcross Technologies, reinforcing its commitment to driving innovation in AI cloud infrastructure.
Meta posts big profit, aims to take AI lead
Social media giant Meta on Wednesday reported surging profits and revenue for 2024, announcing ambitious plans to expand its artificial intelligence infrastructure in the year ahead.
Brazil central bank hikes interest rate as Lula's woes mount
Brazil's central bank on Wednesday hiked its key interest rate to 13.25 percent in more bad news for leftist President Luiz Inacio Lula da Silva's government, which is struggling to curb high inflation.
Global stocks mixed as market awaits ECB decision
Equity markets were mixed Wednesday as attention turned away from tech stocks to the outlook for monetary policy, with the Federal Reserve holding steady on interest rates ahead of an ECB decision.
Tesla results miss estimates, citing lower vehicle prices
Tesla reported lower than expected profits Wednesday, citing declining vehicle prices as a factor as it projected a return to volume growth in 2025.
US Fed pauses rate cuts, will 'wait and see' on Trump policies
The US Federal Reserve left its key lending rate unchanged Wednesday and adopted a patient "wait and see" approach to Donald Trump's economic policies, in the first decision since his return to the White House.
Rwanda-backed fighters advance into DR Congo after mostly seizing city
Rwanda-backed fighters advanced on a second front in their lightning offensive across eastern DR Congo on Wednesday after seizing control of most of the key city of Goma during heavy fighting with the Congolese military.
US Fed pauses rate cuts, resisting Trump pressure
The US Federal Reserve left its key lending rate unchanged Wednesday, resisting pressure from President Donald Trump to continue with cuts in the first rate decision since his return to office.
Germany's far-right 'firewall' crumbles as migration debate flares
Weeks before Germany's elections, a heated immigration debate inflamed by a deadly knife attack sparked a political earthquake Wednesday when conservative parties for the first time cooperated with the far-right AfD.
With China's DeepSeek, US tech fears red threat
The emergence of the DeepSeek chatbot has sent Silicon Valley into a frenzy, with calls to go faster on advancing artificial intelligence and beat communist-led China before it is too late.
Immigration 'flooding' remark row piles pressure on French PM
Prime Minister Francois Bayrou was at risk on Wednesday of losing the little tacit opposition support he relies on in parliament after suggesting that immigrants were "flooding" France.
Frenchman on trial for killing ex-partner after years of alleged abuse
A Frenchman went on trial Wednesday accused of stabbing to death his former partner, who had filed repeated complaints with authorities over years of abuse and warned that she could end up being killed.
Maison Margiela names new director during Paris Haute Couture Week
Belgian designer Glenn Martens was unveiled Wednesday as the successor to John Galliano as creative director of French fashion house Maison Margiela on a busy day of Haute Couture Week in Paris.
German industry sounds alarm as government cuts growth forecast
The German government on Wednesday slashed its growth forecasts for 2025 as industry leaders sent dire warnings over the country's economic health and staged nationwide protests to urge reforms.
Rwanda-backed group controls most of DRC city as mediator urges talks
Rwanda-backed fighters controlled almost all of the DR Congo city of Goma Wednesday where residents were re-emerging after days of deadly fighting and Angola urged leaders of both countries to urgently hold peace talks.
Immigration row piles pressure on French PM after 'flooding' remark
Prime Minister Francois Bayrou was at risk Wednesday of losing the little tacit opposition support he relies on in parliament after suggesting that immigrants were "flooding" France.
'Good news': Dutch chip giant ASML welcomes DeepSeek
The head of Dutch giant ASML, which makes chip-making machines that power the tech industry, Wednesday welcomed the emergence of China's low-cost AI firm DeepSeek and predicted others would disrupt the sector.
Stocks firm after tech rout; dollar steady before Fed rate call
Stock markets mostly rose Wednesday, tracking a rally on Wall Street, where tech titans led by Nvidia recovered some of their hefty losses thanks to easing worries over Chinese artificial intelligence startup DeepSeek.
Tesla to report results for 1st time since Trump elected president
Tesla is set to report earnings Wednesday for the first time since President Donald Trump -- a close ally of CEO Elon Musk -- returned to the White House.
Spanish economy shines in 2024 with 3.2% growth
The Spanish economy expanded 3.2 percent last year thanks to buoyant exports and consumption that have made it one of the fastest-growing developed countries, official data showed on Wednesday.
Shares in Dutch chip giant ASML soar on bullish orders
Shares in Dutch tech giant ASML soared Wednesday despite a dip in annual net profit, as investors cheered better-than-expected orders for its cutting-edge chip-making machines.
Dutch chip giant ASML's net profits dip in 2024
Dutch tech giant ASML, which sells cutting-edge machines to make semiconductor chips, reported a drop in annual net profits Wednesday, as geopolitical headwinds and the emergence of Chinese AI start-up DeepSeek disrupt the sector.
Sony names new CEO in management reshuffle
Japanese electronics and entertainment giant Sony Group said Wednesday that it has promoted Hiroki Totoki to chief executive officer as part of a wider management reorganisation.
UK eyes third Heathrow runway in growth takeoff bid
Britain's finance minister Rachel Reeves is on Wednesday expected to announce controversial plans for a third runway at London's Heathrow airport as the Labour government seeks to kickstart economic growth.
Japan #MeToo survivor says media are failing in wake of Fuji TV scandal
Japanese media are still failing to report sexual assault cases properly, a key figure in the country's nascent #MeToo movement told AFP in the wake of the scandal surrounding celebrity Masahiro Nakai and Fuji TV.
SpaceX mission to return US astronauts to happen 'soon': Trump
US President Donald Trump said Tuesday that Elon Musk's company SpaceX will "soon" begin a mission to repatriate two American astronauts who have been stranded for months on the International Space Station.
Who might buy TikTok in the US?
As the clock ticks down on TikTok's 75-day reprieve from divesting from its Chinese owners or being banned in the United States, several contenders are in the running.
Fire-hardened house offers lessons on rebuilding Los Angeles
The house that Michael Kovac built is the only one on his street still standing after a huge fire raced through his Los Angeles neighborhood.
Starbucks profits fall but points to progress in turnaround
Starbucks reported lower profits Tuesday in results that still topped expectations as the company's new CEO described various pilot program tests to reinvigorate the chain.
Alphinat Announces a Second Consecutive Three Month Profit of over $100,000 for the Quarter Ended November 30, 2024
MONTREAL, QC / ACCESS Newswire / January 29, 2025 / Alphinat Inc. (TSXV:NPA.H:NEX) announces an unaudited net profit of $105,204 for the first quarter ended November 30 th , 2024 compared to a net loss of ($10,856) for the same period in 2023.
Alset AI Announces Filing of Amended and Restated Interim Management Discussion and Analysis
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Alset AI Announces Delay in Filing Audited Annual Financial Statements
VANCOUVER, BC / ACCESS Newswire / January 29, 2025 / Alset AI Ventures Inc.(TSXV:GPUS)(OTC:ALSCF)(FSE:1R60, WKN:A3ESVQ)("Alset AI" or the "Company") an artificial intelligence (AI) venture company advancing innovation through strategic investment and cloud computing solutions, announces that the filing of its audited annual financial statements for the year ended September 30, 2024, including the related management discussion and analysis, and Chief Executive Officer and Chief Financial certifications (collectively, the "Annual Financial Filings") were not filed by the required filing deadline of January 28, 2025 (the "Filing Deadline").