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This article is an on-site version of our FirstFT newsletter. Subscribers can sign up to our Asia, Europe\/Africa or Americas edition to get the newsletter delivered every weekday morning. Explore all of our newsletters here<\/p>\n
Good morning, happy Friday and welcome to FirstFT Asia. In today\u2019s newsletter:<\/p>\n
DeepSeek\u2019s delay<\/p>\n<\/li>\n
Surprising research on Hiroshima and Nagasaki survivors<\/p>\n<\/li>\n
Zelenskyy\u2019s darkest hour<\/p>\n<\/li>\n
The Pacific nation making sporting history<\/p>\n<\/li>\n<\/ul>\n
We start with a setback at DeepSeek, as the Chinese artificial intelligence company delayed the release of its new model after failing to train it using Huawei\u2019s chips.<\/p>\n
What happened:<\/strong> DeepSeek was encouraged by authorities to adopt Huawei\u2019s Ascend processor rather than use Nvidia\u2019s systems after releasing its R1 model in January, according to three people familiar with the matter. But the Chinese start-up encountered persistent technical issues during its R2 training process using Ascend chips, which were the main reason the model\u2019s launch was delayed from May.<\/p>\n Why it matters:<\/strong> DeepSeek\u2019s difficulties show how Chinese chips still lag behind their US rivals for critical tasks, highlighting the challenges facing China\u2019s drive to be technologically self-sufficient. This week, Beijing ordered its tech giants to justify their orders of Nvidia chips on national security concerns. But industry insiders have said the Chinese chips suffer from stability issues, slower inter-chip connectivity and inferior software compared with Nvidia\u2019s products. Read more about DeepSeek\u2019s stumble.<\/p>\n Here\u2019s what else we\u2019re keeping tabs on today and over the weekend:<\/p>\n Economic data:<\/strong> Japan, Malaysia, Taiwan and Hong Kong report second-quarter GDP figures. China publishes July industrial output, retail sales and the house price index.<\/p>\n<\/li>\n Trump-Putin summit:<\/strong> The US and Russian leaders meet in Alaska for high-stakes talks on the war in Ukraine. <\/p>\n<\/li>\n India:<\/strong> Prime Minister Narendra Modi gives a speech at the Red Fort in Delhi to mark Indian Independence Day.<\/p>\n<\/li>\n Singapore:<\/strong> Prime Minister Lawrence Wong delivers the National Day Rally speech on Sunday.<\/p>\n<\/li>\n<\/ul>\n How well did you keep up with the news this week? <\/em>Take our quiz<\/em>.<\/em><\/p>\n 1. Cancers caused by radiation from the atomic bombs dropped on Hiroshima and Nagasaki<\/strong> 80 years ago have killed or will kill under 1 per cent of those who initially survived the explosions and radiation exposure, according to a new study. The research suggests high doses of radiation, while dangerous, pose a lower cancer risk than often assumed. <\/p>\n 2.<\/strong> US wholesale prices jumped in July, rising 3.3 per cent from a year earlier,<\/strong> in the latest signal that Trump\u2019s trade war is hitting the American economy.\u00a0\u201cTariffs are causing businesses to raise the prices they charge each other, which will show up in higher consumer prices over time,\u201d said Bill Adams, chief economist at Comerica Bank. Read the full story.<\/p>\n 3.<\/strong> Warren Buffett\u2019s Berkshire Hathaway resumed selling shares of Apple in the second quarter,<\/strong> dumping a stake worth more than $4bn after pausing his dispositions of the iPhone maker for nearly a year. The conglomerate has reduced its exposure to publicly traded equities over the past three years.<\/p>\n 4. US shale producers are idling drilling rigs and holding back spending<\/strong> as they shelter from an Opec-induced price slump that is likely to send American output sharply lower. While Trump has called for the US to pump more crude, one shale executive told the FT: \u201cWhat the administration doesn\u2019t quite understand is that we\u2019ve gone from drill, baby, drill to wait, baby, wait.\u201d<\/p>\n 5. Four Boston Consulting Group staff quit the team advising on a new aid system for Gaza<\/strong> in the early stages of the work, raising concerns about the project months before it spiralled into a reputational crisis for the firm. Here\u2019s what we know about the departures.<\/p>\n Volodymyr Zelenskyy on a trip to north-east Ukraine last week<\/span> \u00a9 Sven Simon\/Reuters\/ddp<\/span><\/p>\n Diminished at home by a political crisis, Volodymyr Zelenskyy is trying to shape this week\u2019s Alaska summit between Trump and Putin. Confined outside the room where his country\u2019s fate will be decided while losses on the frontline pile up, he faces his darkest hour yet.<\/p>\n AI relationships:<\/strong> Companies such as OpenAI are running what amounts to a giant social experiment, writes Richard Waters.<\/p>\n<\/li>\n Japan\u2019s new realpolitik:<\/strong> At a Tokyo defence show, the shocking reality of preparing for possible future wars was unmissable, writes Leo Lewis.<\/p>\n<\/li>\n What trade war?<\/strong> Gregory Meyer reports from Cincinnati, where experts\u2019 dire warnings about the consequences of Trump\u2019s tariffs have so far failed to materialise.<\/p>\n<\/li>\n<\/ul>\n The Marshall Islands, a remote nation in the Pacific with fewer than 40,000 inhabitants, is the \u201conly country on earth\u201d to have never played an international football match. That changes today when the national team plays the US Virgin Islands on a high school pitch in Arkansas.<\/p>\n As birth rates plummet, Italians are channelling more of their emotional energy \u2014 and cash \u2014 to pets. The FT\u2019s Rome correspondent Amy Kazmin tells how dogs replaced children in Italy.<\/p>\n Senator Michaela Biancofiore recently won the right to bring her beloved 12-year-old dog, Puggy to work, setting a precedent<\/span> \u00a9 Michaela Biancofiore\/Facebook<\/span><\/p>\n","protected":false},"excerpt":{"rendered":" This article is an on-site version of our FirstFT newsletter. Subscribers can sign up to our Asia, Europe\/Africa or Americas edition to get the newsletter delivered every weekday morning. Explore all of our newsletters here Good morning, happy Friday and welcome to FirstFT Asia. In today\u2019s newsletter: DeepSeek\u2019s delay Surprising research on Hiroshima and Nagasaki<\/p>\n","protected":false},"author":1,"featured_media":15851,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[49],"tags":[4261,4019,9352,1016,3807,4029,812],"class_list":{"0":"post-15850","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-chinese","9":"tag-chips","10":"tag-deepseeks","11":"tag-delayed","12":"tag-issues","13":"tag-model","14":"tag-tech"},"_links":{"self":[{"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=\/wp\/v2\/posts\/15850","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=15850"}],"version-history":[{"count":0,"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=\/wp\/v2\/posts\/15850\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=\/wp\/v2\/media\/15851"}],"wp:attachment":[{"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=15850"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=15850"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=15850"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}\n
Five more top stories<\/h3>\n
The Big Read<\/h3>\n
We\u2019re also reading\u2009.\u2009.\u2009.\u2009<\/h3>\n
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Map of the day<\/h3>\n
Take a break from the news\u2009.\u2009.\u2009.\u2009<\/h3>\n