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News Highlights – March 11, 2025

Chinese Retail Traders Embrace DeepSeek in a Nod to Quants

Source: Reuters

Chinese mom-and-pop investors are increasingly turning to DeepSeek and other AI tools to gain an edge in stock trading, contrasting with last year’s government crackdown on computer-driven quantitative traders. The trend represents a shift in retail investor strategy as they adopt AI-powered analysis tools rather than competing against algorithmic trading systems.

Ex-Facebook Employee Alleges Sexual Harassment and Human Rights Failures

Source: NBC News

Sarah Wynn-Williams, a former Facebook executive, has published a memoir detailing allegations of sexual harassment and what she calls ‘lethal carelessness’ in the company’s handling of international human rights issues. Her book raises concerns about Facebook’s approach to China and claims the company leadership ignored serious warnings about potential human rights impacts of their policies.

X Platform Hit by ‘Massive Cyberattack,’ Claims Elon Musk

Source: NBC News

Thousands of users reported access issues to Elon Musk’s X platform on Monday, with the billionaire owner claiming the outage resulted from a ‘massive cyberattack.’ According to monitoring site Downdetector, problems began around midday and affected users worldwide. The incident represents another challenge for the platform, which has already faced declining ad revenue and controversial policy changes since Musk’s acquisition.

ServiceNow Adds AI Muscle with Record $2.9 Billion Moveworks Deal

Source: Reuters

ServiceNow announced it would acquire AI firm Moveworks for $2.85 billion in cash and stock, marking the software maker’s largest-ever acquisition. The move comes as enterprises are spending heavily on AI technology to enhance their IT operations. The acquisition will allow ServiceNow to enhance its AI-powered service automation capabilities and tap into new customer segments.

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