Think BRICS
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Explore #BRICS & the Global South with us. Unravel global economics, tech & societal changes. In-depth videos & unique insights into emerging economies. Subscribe for comprehensive analyses.

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Daily Chronicles
Today, we find ourselves resisting the First War on BRICS in its various salients. We are in madness, in a strategy of chaos from the side of the empire who cannot fight but are singularly talented at fomenting chaos in order to swoop in, brutally kill, grab and gain benefit. The strategy of empire going forward will be one of denial of world development through chaos creation.

Daily Chronicles features issues, small or large, that have the potential to change our world. We focus on anti-human...  Read more »
Forwarded from Multipolar Market
China's Response to Trump's AI Project: A Trillion Yuan for Next-Gen AI Development

China has announced plans to allocate a staggering 1 trillion yuan to develop its next-generation AI, positioning itself as a leader in the global AI race.

Unlike Trump’s hypothetical proposals, these funds are concrete. The Bank of China has already committed $138 billion over five years.

Major players like Baidu, ByteDance, Alibaba, and DeepSeek will spearhead this ambitious project for the Chinese government.

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🌐 WTA rankings: Sabalenka remains No. 1, Azarenka goes 29th  
 Despite the defeat in the final match of the Australian Open in Melbourne, Aryna Sabalenka remains world No. 1.
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In phone call, PM Modi, US President Trump resolve to promote global peace, security
New Delhi: Prime Minister Narendra Modi and US President Donald Trump on Monday vowed to work towards a “trusted” partnership between India and US and advance global peace and security in their first phone conversation since the American leader’s inauguration last week.

Modi and Trump exchanged views on global issues, including the situation in West Asia and Ukraine, and deliberated on measures to boost bilateral cooperation in areas such as technology, trade, investment, en...  Read more »
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Relaunching globalization: a paradigm shift for BRICS+?
The drastic changes in the landscape of the global economy that set in starting from January of 2025 with the coming of the new US administration create new challenges for the Global South, including the BRICS+ grouping. The re-configuration of global alliances, growing protectionism and a rise in uncertainty will all generate strong headwinds for globalization, with developing economies likely to increasingly seek solutions in greater South-South economic cooperation. In the coming years, with...  Read more »
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🌐 India and China reach direct flight deal 
New Delhi and Beijing have agreed ‘in principle’ to restart direct flight services after a gap of five years  Read Full Article at RT.com
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Forwarded from Laura Ru (Laura Ru)
China's DeepSeek pricks US inflated ego and a rapidly inflating financial bubble - The Chinese AI app surges to the top of the iPhone’s download charts in the US... and US tech stocks crash. On Monday, the US market crashed, especially the Big Tech stocks such as Nvidia, which reported 17% fall, while the Nasdaq composite declined 5%. ▪️Shares of major US artificial intelligence and semiconductor companies slumped on a wave of fear that Chinese companies were poised to surpass them in the high-stakes battle for supremacy. DeepSeek, the Chinese AI startup just over a year old, offers better performance at a fraction of the cost. The success of DeepSeek carries far-reaching implications for the global tech industry and supply chain, as it contradicts the widespread belief that the future of AI will require ever-increasing amounts of capital, power and energy to develop.

How does DeepSeek R1 compare to OpenAI or Meta AI?
Though not fully detailed by the company, the cost of training and developing DeepSeek’s open-sourced models appears to be only a fraction of what’s required for OpenAI or Meta Platforms Inc.’s best products. The much better efficiency of the model puts into question the need for vast expenditures of capital to acquire the latest and most powerful AI accelerators from the likes of Nvidia Corp. US export curbs of such advanced semiconductors to China were intended to prevent a breakthrough of the sort that DeepSeek has already achieved.

DeepSeek’s progress suggests Chinese AI engineers have worked their way around the restrictions, focusing on greater efficiency with less resources. ▪️Donald Trump earlier talked up a joint venture investing up to $500 billion for infrastructure tied to artificial intelligence by Stargate, a new partnership formed by OpenAI, Oracle and SoftBank.
Stargate plans to build data centers and the electricity generation needed for the further development of AI, its initial investment is expected to be $100 billion and the pyramid scheme was meant to reach five times that sum. DeepSeek, which has only taken two months to build at a cost of $6 million, has pricked that rapidly inflating financial bubble. ▪️Vivek Ramaswamy, recently sacked as co-head of Trump's Department of Government Efficiency (DOGE), described the launch of Chinese AI model DeepSeek as a 'Sputnik moment'. @LauraRuHK
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Forwarded from Laura Ru (Laura Ru)
Chinese New Year in Moscow. The 13-day festival starts today and is held for the second time as part of the 2024-25 Russian-Chinese Years of Culture. The large-scale celebration has gained great popularity - last year it attracted more than 700 thousand visitors. This year, an even richer program awaits Muscovites and tourists. The dragon parade starts at 17:00 on Tverskoy Boulevard and will end at 19:00 with a show on Manezhnaya Square. During the whole duration of the festival one can attend workshops to learn more about Chinese tea and calligraphy, how to make New Year's gifts, play Chinese board games, visit exhibitions of Chinese art, listen to traditional music etc. More than 120 restaurants located near the festival venues will offer a special menu, which includes Peking duck, dim sum, homemade noodles, hot pot and other delicacies. @LauraRuHK
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