Category: 3. Business

  • LATAM Airlines Group’s financials continue to shine against macroeconomic unpredictability | CAPA – Centre for Aviation

    LATAM Airlines Group’s financials continue to shine against macroeconomic unpredictability | CAPA – Centre for Aviation

    LATAM Airlines Group’s impressive second quarter performance was against a backdrop of significant macroeconomic uncertainty, and occurred in what is typically a weak seasonal period for the company.

    Some of the momentum is driven by an increase in passengers opting for premium products, and there is less seasonality among that customer base. LATAM also has one of the most diverse networks across Latin America, and beyond, that provides a buffer against seasonality.

    It’s not clear whether a permanent shift is under way from historical second quarter trends, but LATAM appears to be laying the groundwork to withstand more challenging periods of the year.

    Summary

    • LATAM’s financial momentum continues into 2Q2025.
    • Premium revenues remain strong, and LATAM is working on product investments for that customer segment.
    • Expansion of premium traffic is helping to offset headwinds triggered by seasonality.
    • LATAM’s unit costs remain close to pre-pandemic (COVID-19) levels.
    • Five years after entering bankruptcy protection, LATAM remains laser-focused on costs and growth opportunities.

    LATAM ups its guidance in some financial metrics as macroeconomic uncertainty remains in place

    As many other airlines worldwide yanked their yearly guidance in 1Q2025, due largely to unpredictable US trade policy, LATAM upped its guidance for its adjusted operating margin for 2025 – from 12%-13.5% to 13%-15%.

    After posting a 66% jump year over year in net income for 2Q2025, to USD242 million, and recording a 12.9% operating margin, LATAM has upped its guidance again.

    Its projected operating margin for 2025 is now 14%-15%.

    “These results are particularly significant when considering the context of ongoing macroeconomic volatility across several of our key markets,” said the LATAM CEO Roberto Alvo during a recent earnings discussion.

    “Looking ahead, current booking trends remain solid across both domestic and international markets,” he stated.

    LATAM has domestic franchises in Brazil, Chile, Colombia, Ecuador and Peru, and it also has a strong intra-regional network in Latin America, operating numerous intercontinental routes.

    LATAM’s NPS among premium passengers grows as it expands upscale offerings

    LATAM has been working to broaden its premium offerings, and those efforts are bearing fruit.

    During 2Q2025 LATAM’s total passenger revenues increased 8.5%, to USD2.6 billion, and revenue from premium passengers increased 12%.

    The company has several initiatives under way to increase its share of premium passengers, including modernising its widebody fleet with the installation of new premium business class cabins – LATAM stated that it had completed reconfigurations on 64% of its widebody fleet.

    LATAM Airlines Group: fleet summary, as of early Aug-2025

    Source: CAPA – Centre for Aviation Fleet Database.

    Approximately 90% of LATAM’s narrowbodies now feature WiFi, and connectivity should be available across its widebody fleet next year after a USD60 million investment to equip its twin-aisle jets with WiFi.

    During the second quarter LATAM’s net promoter score among premium customers was 60, compared with 56 in 2024 and 54 in 2023.

    LATAM Airlines Group: NPS for passenger operations and premium passengers, from 2019 to 2Q2025

    Source: LATAM Airlines Group.

    A higher mix of premium passengers and network diversification help to weaken some seasonal headwinds for LATAM

    Explaining the seasonality patterns that LATAM typically faces in the second quarter, Mr Alvo stated that “we have holidays in January, February and in July in this part of the world, and no holidays, or not important holidays, in the second quarter.”

    He believes that those trends will remain intact, “it’s not linked to demand,” Mr Alvo stated.

    However, the growing premium passenger segment is less seasonal, “and our mix is changing,” said Mr Alvo, which is helping to ease some of the challenges stemming from seasonality in the second quarter.

    “We have been able to drive significant growth on premium traffic revenue that is less seasonal than the leisure revenue, and that is certainly helping to change a little bit the seasonality curve as well,” Mr Alvo explained.

    What LATAM has seen is “an untapped avenue of premium revenue that we hadn’t identified in the past,” he said.

    “And shame on me…” Mr Alvo quipped. “I was the commercial guy…” Before assuming his role as LATAM CEO in Mar-2020, Mr Alvo was the company’s chief commercial officer.

    LATAM’s network diversification also helps relieve some headwinds associated with seasonality in the second quarter, as Mr Alvo said that “not all countries have the same seasonality”. The company’s network encompasses 153 destinations to 27 countries.

    LATAM keeps costs in line as it evaluates adding more aircraft to its operations

    As it works to balance seasonality and grow its premium passenger numbers, LATAM remains focused on keeping costs in line.

    Noting that LATAM’s cost per available seat kilometre has remained at essentially the same level as before the COVID-19 pandemic, Mr Alvo said “that provides us with a good set of opportunities for growth in the upcoming years”. During the second quarter LATAM’s adjusted unit cost excluding fuel was USD4.8 cents, and its guidance for 2025 is USD4.65-4.75 cents.

    LATAM’s evaluation of growth opportunities also includes analysing the addition of more aircraft during the next two to three years. Mr Alvo said the company was examining taking the additional aircraft “from various manufacturers and lessors”. That includes additions to its widebody and narrowbody fleets, “…the latter including aircraft from the A320[neo] family, as well as other similar jets from manufacturers such as Airbus and Embraer,” he added.

    His citing of Embraer in aircraft evaluations occurs after a report published by Reuters in 2024 quoting LATAM Airlines Brazil’s CEO Jerome Cadier as saying the company was weighing the possibility of adding smaller aircraft to its fleet, such as the Embraer E2 or the Airbus A220.

    LATAM’s management did not offer a timeline about when any fleet decisions would be made, but it is notable that executives referenced smaller jets in the company’s fleet studies.

    LATAM could be laying the groundwork to combat seasonality in weaker periods of the year

    Just five years ago LATAM was forced into Chapter 11 bankruptcy protection after the COVID-19 pandemic, and the associated travel restrictions, vapourised demand.

    Now a few years later, Latin America’s largest airline is laser-focused on cost control and expanding high value traffic.

    Mr Alvo said he couldn’t “…speak for the second quarter of 2026 yet”, but there is little doubt that LATAM is striving for a repeat performance of 2Q2025’s impressive results.

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  • Like an umbrella in your back pocket! The plastic health harms e-dashboard.

    Every day, even before we are born, we are exposed to harmful chemicals that leach out of the plastic that has become so integrated into every aspect of our lives.

    PLASTIC IS MAKING US SICK.

    But, with so many findings published across thousands of articles, it is nearly impossible to get a clear picture of the chemicals and effects that are most concerning.

    Minderoo’s Plastics & Human Health (PHH) research team uses ‘umbrella review’ methodologies that deliver a comprehensive overview of evidence without diluting or ‘cherry picking’ results to fit a particular view or narrative.

    So, Minderoo partnered with Boston College to develop a tool to collect, analyze and broadcast the consistency and statistical significance of the evidence on plastic and human health on a single platform – the PlasticHealthAware Dashboard.

    The beauty of the Dashboard is that it delivers findings from a broad and complex body of research in an easy to digest format, that anyone can access from a computer or mobile device.

    It includes data from the original Plastic Health Umbrella Review, updated to include the data from studies published between 2020 and 2023 – data from over one thousand primary studies in total, representing more than 1.3 million participants from countries around the world.

    The newly presented evidence shows the impacts of increasing plastic chemical exposure include increased odds of miscarriage, as well as diabetes and hypertension in pregnant women.

    Babies are at increased risk of being born before-term, having reduced head circumference, asthma and bronchitis. Children are more likely to have autism, changes in kidney function and inflammatory markers, and reduced vaccine responses. And babies and children are at increased risk of developing atopic dermatitis and thyroid function issues.

    The new evidence linking plastics to health impacts in pregnant women, babies and children is particularly worrying.

    These and a range of other health impacts consistently and significantly associated with plastic chemical exposures can be visualised on the Dashboard’s pictorial overview of each life stage. Science lovers can also take a deep dive into the data underpinning each finding.

    Minderoo and Boston College are proud to launch PlasticHealthAware from Geneva during INC 5.2, the meeting the world is watching with bated breath, in the expectation that a Global Plastics Treaty (GPT) to end plastic pollution and protect human health will finally be agreed.

    We need an ambitious Global Plastics Treaty that includes regulation of chemicals with consistent links to health harms and a financing mechanism that ensures all countries can implement the regulations, protecting all peoples.

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  • IFC funds Oman solar project over US objection

    IFC funds Oman solar project over US objection

    Listen to article


    WASHINGTON:

    The World Bank’s International Finance Corporation on Friday approved a loan and investment worth up to $250 million in a polysilicon manufacturing project in Oman for solar power applications, over the objections of the IFC’s US executive director, two sources familiar with the board vote said.

    Three other executive directors on the IFC board abstained from the vote on the United Solar Polysilicon project, including those representing Germany, the Netherlands and Nordic countries, the sources said.

    United Solar plans to build a $1.6 billion plant to produce 100,000 metric tonnes of polysilicon a year in Oman’s Sohar Port Freezone. The company has some links to China, partly through its chairman and founder, Zhang Longgen, a US citizen who was previously CEO of Chinese polysilicon maker Daqo New Energy Corp.

    A key United Solar shareholder, Chinese private equity investor IDG Capital, spent much of last year on a US Defence Department list of companies with links to China’s military before its removal in December. Other shareholders include Zhang and Oman’s sovereign wealth fund.

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  • World Kinect Corporation (WKC) Releases Second-Quarter 2025 Earnings

    World Kinect Corporation (WKC) Releases Second-Quarter 2025 Earnings

    World Kinect Corporation (NYSE:WKC) is included in our list of the 13 Best Oil Refinery Stocks to Buy Right Now.

    World Kinect Corporation (WKC) Releases Second-Quarter 2025 Earnings

    A drilling rig in action, operated by an oilfield services team.

    World Kinect Corporation (NYSE:WKC) reported its performance for the second quarter of 2025 on July 31, 2025. The company beat EPS estimates of $0.48 per share with adjusted EPS of $0.59. While the quarter was marked by macroeconomic headwinds, the company showed resilience, particularly in aviation, where gross profit grew 8% YoY to $138 million. Aviation segment performance was driven by European aircraft operations and private aviation. The Land segment, on the other hand, recorded a 17% gross profit decline due to divestitures in the U.K. and Brazil, along with softness in North American liquid fuels demand.

    Meanwhile, World Kinect Corporation (NYSE:WKC) recorded a $367 million goodwill impairment related to its Land segment. While the Marine segment suffered with a one-time tax hit, its overall performance remained stable. Furthermore, the company’s financial health remained strong, thanks to a 10% reduction in operating expenses and $13 million in free cash flow generated. As a result of robust quarterly performance, WKC returned $64 million to shareholders and paid dividends.

    Operating in the U.S., the Americas, Europe, the Middle East, Africa, and the Asia Pacific, World Kinect Corporation (NYSE:WKC) is engaged in aviation, land, and marine sub-segments within the broader energy market.

    While we acknowledge the potential of WKC as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

    READ NEXT: 12 Cheap Value Stocks to Buy Now According to Warren Buffett and 7 Best Potash Stocks to Buy According to Analysts.

    Disclosure: None.

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  • Eventbrite, Inc. (EB) Launches New “Lineup” Tool with New Music-Focused Features

    Eventbrite, Inc. (EB) Launches New “Lineup” Tool with New Music-Focused Features

    Eventbrite, Inc. (NYSE:EB) is included in our list of the 10 Best AI Stocks to Buy Under $3.

    Eventbrite, Inc. (EB) Launches New “Lineup” Tool with New Music-Focused Features

    A diverse and enthusiastic live audience attending a sold out WWE event.

    Eventbrite, Inc. (NYSE:EB) launched new music-focused features on June 17, 2025. With this update, the company offers a “lineup” tool, allowing independent artists and organizers to highlight performances with artist profiles, photos, and links. Furthermore, this feature will sync across platforms like Bandsintown, Google Events, and soon, Spotify.

    With this, Eventbrite, Inc. (NYSE:EB) bridges digital discovery with real-world audiences, offering major-market exposure to smaller venues at no additional cost. As 95% of young adults are eager to translate their online interests into in-person experiences, this upgrade aligns with the ongoing trend. Having handled 35 million music ticket sales in 2024, Eventbrite, Inc. (NYSE:EB) is also launching tools like VIP guest management and “Buy Now, Pay Later” for U.S. customers.

    Eventbrite, Inc. (NYSE:EB), a global events marketplace, integrates AI-powered tools to streamline operations, attract audiences, and boost ticket sales for event creators. It is included in our list of the best AI stocks.

    While we acknowledge the potential of EB as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

    READ NEXT: 12 Cheap Value Stocks to Buy Now According to Warren Buffett and 7 Best Potash Stocks to Buy According to Analysts.

    Disclosure: None.

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  • White House crypto adviser Bo Hines announces departure – Reuters

    1. White House crypto adviser Bo Hines announces departure  Reuters
    2. White House crypto council head Bo Hines to step down, return to private sector  The Block
    3. White House Crypto Adviser Bo Hines to Return to Private Sector  Bloomberg.com
    4. White House crypto adviser departs Trump administration  The Hill
    5. Bo Hines, director of the White House Crypto Council, steps down  Cointelegraph

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  • Do wellness drinks really do what they say?

    Do wellness drinks really do what they say?

    Ruth Clegg

    Health and wellbeing reporter

    Getty Images A woman with pink nail varnish pours a bright orange coloured can into a glass filled with ice. The liquid is pink and fizzyGetty Images

    Calm in a can. Relaxation after a few sips.

    That’s what some drinks companies are promising with beverages formulated specifically to help you chill out.

    Lucy and Serena swear by them. They’re good friends who, like many, are juggling careers, the chaos of having small children, trying to stay fit, and everything else in between.

    “These drinks aren’t going to get rid of all my worries and anxieties,” Serena says, “but if they give me a little boost – then I’ll take it.”

    Lucy finds them really useful too, especially when she’s feeling a bit overwhelmed.

    “If I get that low-level panic, then with a drink of Trip or something like it, I can bring it back round.”

    But after an advert by one of the industry’s best-known brands was banned for suggesting its drinks helped with stress and anxiety, there have been questions about whether drinks of this kind are quite as effective as they make out.

    BBC News has spoken to nutritionists and dietitians who are sceptical the small amounts of supplements the drinks contain could really bring about that sense of zen.

    One psychologist has suggested that we might actually “create our own calm” when we set aside time for ourselves with something that feels like a treat.

    Steven Oakes Lucy and Serena sitting on a park bench drinking TRIPSteven Oakes

    Lucy and Serena say the drinks can make them feel calm if life gets stressful

    The “functional beverage” market – that’s drinks with additional health benefits – is booming, with British supermarkets seeing sales jump by 24.5% in the last 12 months, according to one market research firm. Almost 30% of UK households now buy these functional drinks, Worldpanel by Numerator says.

    So, what’s actually in them that’s supposed to help you feel more mellow or give your health a boost? Well, that’s where things can get complicated, as each brand takes a different approach.

    Along with Trip’s Mindful Blend, other companies like Rheal, Grass&Co, Goodrays and supermarket own-brands, advertise that their drinks contain supplements including:

    • Lion’s Mane extract – a type of mushroom found in east Asian countries
    • L-theanine – an amino acid found primarily in green and black tea
    • Ashwagandha – a herb cultivated in areas of Asia, Africa, and Europe
    • Magnesium – a mineral the human body needs to function properly

    These supplements are all commonly found in many health and wellbeing products and are associated with enhancing mood, boosting energy, supporting cognition, and helping with stress.

    But how robust is the evidence for that? It’s tricky because there are many studies of varying credibility each suggesting different levels of efficacy.

    Trip’s advert, which suggested its ingredients were stress and anxiety busters, breached the Advertising Standards Agency’s (ASA) code, with the ASA ruling that Trip’s claims their drinks could “prevent, treat or cure disease” were a step too far.

    Trip told BBC News the ruling related to “a single page on the website” and it has made the “changes requested”. It says it’s confident it’s ingredients permit the use of the word “calm” which is “widely and lawfully used by many brands”.

    Getty Images Clockwise from left: Lion's Mane, Ashwagandha root and powder, magnesium supplement pills, and black tea - a source of L-theanineGetty Images

    Clockwise from left: Lion’s Mane, Ashwagandha root and powder, magnesium supplement pills, and black tea – a source of L-theanine

    Dietitian Reema Patel is concerned the amount of supplement in these drinks may not give consumers the emotional balance, feelings of calm, or stress relief that is advertised across the industry. She highlights a growing body of evidence around the funghi Lion’s Mane, but says there are no conclusive findings about whether it can have any impact – as yet.

    “The research is still very much in its infancy,” she says. “In one of the more advanced clinical trials, a small number of participants were given 1800mg – that’s at least four times more than what is in some of these drinks.”

    Studies suggest women are more likely to consume these kinds of supplements, but they’re not always front and centre in the research.

    The lack of research that includes female participants is partly down to menstrual cycles and fluctuating hormones, making it more “complicated to track”, Ms Patel explains.

    But these drinks can make a good alternative to drinking alcohol she says, and she has clients who have made the switch from having a wine or a gin and tonic every night to opening a can of one of these drinks to help them unwind.

    “I think you can take a lot of the claims with a pinch of salt, but they are definitely giving people that other option.”

    Emily May Emily MayEmily May

    Emily May says older clientele at the coffee shop where she works are really into wellness drinks

    Dr Sinead Roberts, a performance nutritionist, says supplements can make a difference, but they tend to work for certain groups of people in specific circumstances – such as high-performing athletes who want that extra edge, or people who are deficient in a certain nutrient – not necessarily for the general population.

    If you enjoy the taste, “crack on”, Dr Roberts says, but if you want to reduce stress and anxiety you’re probably best saving your £2 or £3 and putting it towards a “therapy session or a massage at the end of the month”.

    “A trace of Lion’s Mane or Ashgawanda in a fizzy drink is not going to make any difference,” she adds.

    Emily May, 25, first discovered these drinks at Glastonbury a couple of years ago. She’s not overly bothered about trying to reach a state of zen through them – she just likes the taste.

    “I’m ADHD,” Emily says, “so I would definitely need a lot more than one of those drinks to calm me down.”

    TRIP via ASA Part of a screen shot of the Trip banned advert from its website, showing a light blue can of Trip drink. In text it says a host of ingredients are "crafted for calm".
TRIP via ASA

    Trip’s banned advert made health claims which are prohibited, the Advertising Standards Authority (ASA) said

    There is a fine line between advertising that a product will give you a feeling of calm and quiet, and claiming these kinds of drinks will help with mental health problems.

    Psychologist Natasha Tiwari says mental health and well-being are “increasingly conflated” in the wellness sector, creating a “toxic mix”.

    There can be a positive – yet temporary – change in mood and consumers might feel a buzz, she says, not because of the ingredients necessarily, but because “everything around the experience of the product is real”.

    “So you’ve bought a drink which, let’s say, is a little bit pricier than the alternatives in the market. Therefore you make a commitment to sit down quietly and enjoy it nicely,” she says. “You look at the branding – which is lovely and calming – you’re processing your environment in the moment, and then actually what you’re experiencing truly is a calm moment in your otherwise busy day. That’s not fake.”

    And it’s that little window of peace that Lucy and Serena yearn for – and for a few minutes a fizzy drink in a can gives them that, whether the science really agrees, or not.

    BBC News contacted all the brands mentioned in this article. Grass&Co told us it’s their mission “to deliver high-strength natural adaptogen and vitamin-packed blends formulated by experts… which are supported by approved health claims.”

    Additional reporting by Megan Fisher

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  • It shocked the US market but has China’s DeepSeek changed AI?

    It shocked the US market but has China’s DeepSeek changed AI?

    Lily Jamali

    Reporting fromSan Francisco
    Shutterstock The DeepSeek app from a Chinese AI technology company is displayed on a mobile phone Shutterstock

    US President Donald Trump had been in office scarcely a week when a new Chinese artificial intelligence (AI) app called DeepSeek jolted Silicon Valley.

    Overnight, DeepSeek-R1 shot to the top of the Apple charts as the most downloaded free app in the US.

    The firm said at the time its new chatbot rivalled ChatGPT. Not only that. They asserted it had cost a mere fraction to develop.

    Those claims – and the app’s sudden surge in popularity – wiped $600bn (£446bn) or 17% off the market value of chip giant Nvidia, marking the largest one-day loss for a single stock in the history of the US stock market.

    Several other tech stocks with exposure to AI were caught in the downdraft, too.

    DeepSeek also cast doubt on American AI dominance. Up until then, China had been seen as having fallen behind the US. Now, it seemed as though China had catapulted to the forefront.

    Venture capitalist Marc Andreessen referred to the arrival of DeepSeek-R1 as “AI’s Sputnik moment,” a reference to the Soviet satellite that had kicked off the space race between the US and the USSR more than a half century earlier.

    Bloomberg via Getty Images An electronic board displays stock figures outside a securities firm in Tokyo, Japan, on Tuesday, Jan. 28, 2025. Bloomberg via Getty Images

    Shares of Japanese semiconductor-related companies extended a late January drop after the release of Chinese AI model DeepSeek prompted a selloff in US tech stocks

    Still relevant

    It has now been six months since DeepSeek stunned the world.

    Today, China’s breakthrough app has largely dropped out of the headlines. It’s no longer the hot topic at happy hour here in San Francisco. But DeepSeek hasn’t disappeared.

    DeepSeek challenged certain key assumptions about AI that had been championed by American executives like Sam Altman, CEO of ChatGPT-maker OpenAI.

    “We were on a path where bigger was considered better,” according to Sid Sheth, CEO of AI chip startup d-Matrix.

    Perhaps maxing out on data centres, servers, chips, and the electricity to run it all wasn’t the way forward after all.

    Despite DeepSeek ostensibly not having access to the most powerful tech available at the time, Sheth told the BBC that it showed that “with smarter engineering, you actually can build a capable model”.

    The surge of interest in DeepSeek took hold over a weekend in late January, before corporate IT personnel could move to stop employees from flocking to it.

    When organisations caught on the following Monday, many scrambled to ban workers from using the app as worries set in about whether user data was potentially being shared with the People’s Republic of China, where DeepSeek is based.

    But while exact numbers aren’t available, plenty of Americans still use DeepSeek today.

    Certain Silicon Valley start-ups have opted to stick with DeepSeek in lieu of more expensive AI models from US firms in a bid to cut down on costs.

    One investor told me for cash-strapped firms, funds saved by continuing to use DeepSeek are helping to pay for critical needs such as additional headcount.

    They are, however, being careful.

    In online forums, users explain how to run DeepSeek-R1 on their own devices rather than online using DeepSeek’s servers in China – a workaround they believe can protect their data from being shared surreptitiously.

    “It’s a good way to use the model without being concerned about what it’s exfiltrating” to China, said Christopher Caen, CEO of Mill Pond Research.

    US-China rivalry

    CFOTO/Future Publishing via Getty Images People watch and learn about the Enflame DeepSeek all-in-one machine with DTU 3.0 chip at the 2025 World Artificial Intelligence Conference in Shanghai, China on July 28, 2025. CFOTO/Future Publishing via Getty Images

    DeepSeek’s arrival also marked a turning point in the US-China AI rivalry, some experts say.

    “China was seen as playing catch-up in large language models until this point, with competitive models but always trailing the best western ones,” policy analyst Wendy Chang of the Mercator Institute for China Studies told the BBC.

    A large language model (LLM) is a reasoning system trained to predict the next word in a given sentence or phrase.

    DeepSeek changed perceptions when it claimed to have achieved a leading model for a fraction of the computational resources and costs common among its American counterparts.

    OpenAI had spent $5bn (£3.7bn) in 2024 alone. By contrast, DeepSeek researchers said they had developed DeepSeek-R1 – which came out on top of OpenAI’s o1 model across multiple benchmarks – for just $5.6m (£4.2m).

    “DeepSeek revealed the competitiveness of China’s AI landscape to the world,” Chang said.

    American AI developers have managed to capitalize on this shift.

    AI-related deals and other announcements trumpeted by the Trump administration and major American tech companies are often framed as critical to staying ahead of China.

    Trump’s AI czar David Sacks noted the technology would have “profound ramifications for both the economy and national security” when the administration unveiled its AI Action Plan last month.

    “It’s just very important that America continues to be the dominant power in AI,” Sacks said.

    DeepSeek has never managed to quell concerns over the security implications of its Chinese origins.

    The US government has been assessing the company’s links to Beijing, as first reported by Reuters in June.

    A senior US State Department official told the BBC they understood “DeepSeek has willingly provided, and will likely continue to provide, support to China’s military and intelligence operations”.

    DeepSeek did not respond to the BBC’s request for comment but the company’s privacy policy states that its servers are located in the People’s Republic of China.

    “When you access our services, your Personal Data may be processed and stored in our servers in the People’s Republic of China,” the policy says. “This may be a direct provision of your Personal Data to us or a transfer that we or a third-party make.”

    Feature China/Future Publishing via Getty Images A peep into the office of Deepseek, in Hangzhou in east China's Zhejiang province Monday, March 03, 2025.
Feature China/Future Publishing via Getty Images

    A new approach?

    Earlier this week, OpenAI reignited talk about DeepSeek after releasing a pair of AI models.

    These were the first free and open versions – meaning they can be downloaded and modified – released by the American AI giant in five years, well before ChatGPT ushered in the consumer AI era.

    “You can draw a straight line from DeepSeek to what OpenAI announced this week,” said d-Matrix’s Sheth.

    “DeepSeek proved that smaller, more efficient models could still deliver impressive performance—and that changed the industry’s mindset,” Sheth told the BBC. “What we’re seeing now is the next wave of that thinking: a shift toward right-sized models that are faster, cheaper, and ready to deploy at scale.”

    But to others, for the major American players in AI, the old approach appears to be alive and well.

    Just days after releasing the free models, OpenAI unveiled GPT-5. In the run-up, the company said it significantly ramped up its computing capacity and AI infrastructure.

    A slew of announcements about new data centre clusters needed for AI has come as American tech companies have been competing for top-tier AI talent.

    Meta CEO Mark Zuckerberg has ploughed billions of dollars to fulfil his AI ambitions, and tried to lure staff from rivals with $100m pay packages.

    The fortunes of the tech giants seemed more tethered than ever to their commitment to AI spending, as evidenced by the series of blowout results revealed this past tech earnings season.

    Meanwhile, shares of Nvidia, which plunged just after DeepSeek’s arrival, have rebounded – touching new highs that have made it the world’s most valuable company in history.

    “The initial narrative has proven a bit of a red herring,” said Mill Pond Research’s Caen.

    We are back to a future in which AI will ostensibly depend on more data centres, more chips, and more power.

    In other words, DeepSeek’s shake-up of the status quo hasn’t lasted.

    And what about DeepSeek itself?

    “DeepSeek now faces challenges sustaining its momentum,” said Marina Zhang, an associate professor at the University of Technology Sydney.

    That’s due in part to operational setbacks but also to intense competition from companies in the US and China, she said.

    Zhang notes that the company’s next product, DeepSeek-R2, has reportedly been delayed. One reason? A shortage of high-end chips.

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  • Emirates to ban power bank use during flights – The Times

    Emirates to ban power bank use during flights – The Times

    1. Emirates to ban power bank use during flights  The Times
    2. Emirates sets new rules for power banks onboard flights from October 1  Khaleej Times
    3. Major Airline Announces New Ban After Series of Mid-Air Scares  Men’s Journal
    4. Another airline restricts the use of portable chargers onboard. What to know.  USA Today
    5. Video: Emirates bans power bank use after smoke fills KLM flight from Brazil this week  NL Times

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  • Favourable Signals For Lakes Blue Energy: Numerous Insiders Acquired Stock

    Favourable Signals For Lakes Blue Energy: Numerous Insiders Acquired Stock

    Generally, when a single insider buys stock, it is usually not a big deal. However, when several insiders are buying, like in the case of Lakes Blue Energy NL (ASX:LKO), it sends a favourable message to the company’s shareholders.

    While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, logic dictates you should pay some attention to whether insiders are buying or selling shares.

    This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality.

    Notably, that recent purchase by Roland Sleeman is the biggest insider purchase of Lakes Blue Energy shares that we’ve seen in the last year. Although we like to see insider buying, we note that this large purchase was at significantly below the recent price of AU$1.13. Because the shares were purchased at a lower price, this particular buy doesn’t tell us much about how insiders feel about the current share price.

    Lakes Blue Energy insiders may have bought shares in the last year, but they didn’t sell any. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

    Check out our latest analysis for Lakes Blue Energy

    ASX:LKO Insider Trading Volume August 9th 2025

    Lakes Blue Energy is not the only stock insiders are buying. So take a peek at this free list of under-the-radar companies with insider buying.

    Over the last three months, we’ve seen significant insider buying at Lakes Blue Energy. Not only was there no selling that we can see, but they collectively bought AU$636k worth of shares. That shows some optimism about the company’s future.

    Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. A high insider ownership often makes company leadership more mindful of shareholder interests. Our data indicates that Lakes Blue Energy insiders own about AU$7.6m worth of shares (which is 9.9% of the company). We do note, however, it is possible insiders have an indirect interest through a private company or other corporate structure. Overall, this level of ownership isn’t that impressive, but it’s certainly better than nothing!

    It’s certainly positive to see the recent insider purchases. And an analysis of the transactions over the last year also gives us confidence. But we don’t feel the same about the fact the company is making losses. While the overall levels of insider ownership are below what we’d like to see, the history of transactions imply that Lakes Blue Energy insiders are reasonably well aligned, and optimistic for the future. In addition to knowing about insider transactions going on, it’s beneficial to identify the risks facing Lakes Blue Energy. Be aware that Lakes Blue Energy is showing 5 warning signs in our investment analysis, and 3 of those don’t sit too well with us…

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