Category News

How China’s New AI Model DeepSeek Is Threatening U.S. Dominance


CNBC


China’s DeepSeek AI lab has caused concern in Silicon Valley with its cost-effective AI models outperforming top American counterparts. The lab’s large-language model, developed in just two months for less than $6 million, has raised questions about the US’s AI dominance. DeepSeek’s model surpassed Meta’s Llama 3.1, OpenAI’s GPT-4o, and Anthropic’s Claude Sonnet 3.5 in third-party tests.



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S.Africa’s Richards Bay exports up 10% in 2024 amid rail improvement


CNBC AFRICA


South Africa’s coal exports from RBCT increased by 10% to 52.08 million tons in 2024, the highest in three years, due to improved freight rail performance. Transnet’s capacity issues led to a decline in exports in previous years. Some exporters noted better rail performance in 2024. Asia received the majority of exports, with India and Pakistan as key importers. Shipments to Europe declined to 3.54 million tons in 2024.



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Smith and Limberg raid: Parties call for suspension of Cape Town mayco pair


Daily Maverick


Political parties demand suspension of Cape Town councillors JP Smith and Xanthea Limberg (DA) after police raid on their offices. Mayor Geordin Hill-Lewis seeks briefing from SAPS to understand allegations. Smith is safety and security committee member, Limberg is energy committee member. ANC calls for suspension pending investigation, similar to past case.



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Silicon Valley Bank collapse renews calls to address disparities impacting entrepreneurs of color


CNN


Silicon Valley Bank’s collapse on March 10, after a $42 billion bank run, has raised concerns about lending discrimination and disparities in capital for people of color. The bank was known for supporting minority entrepreneurs, but its failure has left many seeking funding alternatives. Industry experts emphasize the need to address systemic racism in banking and lending practices.



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UK teenager jailed for minimum of 52 years for ‘harrowing’ Southport girls’ murders


Daily Maverick


Axel Rudakubana, 18, admitted to killing two girls and stabbing 10 others in Southport, England, sparking nationwide rioting. The court heard he was obsessed with violence and genocide, inflicting sadistic injuries. He was sentenced to a minimum of 52 years but could not receive a full life sentence due to his age at the time of the attack. Rudakubana was removed from court twice for shouting he was unwell and refused to hear his sentence.



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Cyril Ramaphosa signs expropriation bill in South Africa


BBC News


South African President Cyril Ramaphosa signs law allowing land seizures without compensation, sparking controversy within his government. Black ownership of farmland remains low post-apartheid, leading to frustration. While ANC praises the law as a milestone, some coalition members may challenge it in court. The law permits expropriation without compensation in specific cases deemed just and in the public interest.



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