Based on credit reporting agency TransUnion, telecom fraud resulted in a US$38.95 billion loss in 2023. The worldwide Leaders’ Forum, a community of leaders from the world’s largest international carriers, reported that sixty four per cent of carriers consider fraudulent traffic a top priority. Verses AI inventory (CBOE:VERS) opened trading greater than 13 per cent decrease at C$1.37. Liang’s fund introduced in March 2023 on its official WeChat account that it was "starting again", going beyond trading to focus resources on making a "new and unbiased research group, to discover the essence of AGI" (Artificial General Intelligence). Chinese universities, state-backed labs, and research arms of American tech giants, such because the Beijing-based Microsoft Research Asia, have helped groom a large group of local researchers. Big Tech oligarchs in Silicon Valley fear Chinese AI companies like DeepSeek. Free DeepSeek’s rapid rise has had a significant impact on tech stocks. "If DeepSeek’s price numbers are real, then now pretty much any large organisation in any company can construct on and host it," Tim Miller, a professor specialising in AI at the University of Queensland, advised Al Jazeera. DeepSeek’s success is a win for open source, says Meta VP and chief AI scientist Yann LeCun.