What is DeepSeek, the Chinese AI company upending the stock market? Jan 28th

There are more investment options in Canada than you can shake a stick at! Stay on top of the best returns right here.

Latest News

Who pays tax on cash gifts in Canada? Mar 19th

Ask MoneySense Is there a tax on cash gifts to children in Ontario? —Virginia Tax on gifts and loans to children in Canada When you give cash to a child, Virginia, there are generally no tax implications for the recipient. They do not have to worry about paying tax on it, no matter where.... More »

Should you sell stocks to simplify with an all-in-one ETF? Aug 12th

Ask MoneySense I have a mixed bag of stocks in my TFSA, RRSP, corporate trading account, and in my non-registered accounts. I am in my mid-50s and looking to simplify my portfolio. I would like to sell all positions within each account and deploy a 2 to 3 ETF portfolio. Am I able to sell off ever.... More »

Planning to use your home equity in retirement Jun 3rd

How much of your net worth is wrapped up in your home? According to Statistics Canada, the median net worth for senior families in 2023 was $1,109,700. The most common type of asset for Canadians was a family home, with a median value of $500,000. Since home equity makes up such a significant all.... More »

4 underused tax and financial benefits Canadians are overlooking + MORE Jul 29th

There are plenty of saving accounts, tax benefits, and federal and provincial programs available to Canadians. Here’s a round-up of four opportunities that you may be missing out on. Canadian Dental Care Plan The Canadian Dental Care Plan (CDCP) was first introduced for children, senio.... More »

How to stop procrastinating and cross two major money moves off your list + MORE Feb 11th

Dying intestate is a term that means someone has died without a will. Dying without a will means that the government gets to use provincial laws to decide how to distribute your estate and appoint your executor.—Willful.co, “Dying Without A Will In Canada.” In 2013, my father took his own.... More »

What is DeepSeek, the Chinese AI company upending the stock market?

– moneysense.ca

A frenzy over an artificial intelligence chatbot made by Chinese tech startup DeepSeek was upending stock markets Monday and fuelling debates over the economic and geopolitical competition between the U.S. and China in developing AI technology.

DeepSeek’s AI assistant became the No. 1 downloaded free app on Apple’s iPhone store Monday, propelled by curiosity about the ChatGPT competitor. Part of what’s worrying some U.S. tech industry observers is the idea that the Chinese startup has caught up with the American companies at the forefront of generative AI at a fraction of the cost.

That, if true, calls into question the huge amounts of money U.S. tech companies say they plan to spend on the data centers and computer chips needed to power further AI advancements.

But hype and misconceptions about DeepSeek’s technological advancements also sowed confusion.

“The models they built are fantastic, but they aren’t miracles either,” said Bernstein analyst Stacy Rasgon, who follows the semiconductor industry and was one of several stock analysts describing Wall Street’s reaction as overblown…

Continue Reading On moneysense.ca »

Stay tuned for more Investment wisdom brought to you by banks.ca!

Share