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Fed’s Paulson: “Hasn’t Gotten Worse” Isn’t Good Enough—More Hikes on the Table

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‼️ Philadelphia Fed President Anna Paulson said Thursday that further rate hikes may be needed to bring inflation back to target, warning in prepared remarks at a fintech conference in her home district that underlying inflation trends remain worrying—coming just a week after the FOMC raised rates by a quarter point—and noting that “the best I can say about underlying inflation this year is that it hasn’t gotten worse.”

DeepSeek’s Revenue Run Rate Tops $1 Billion as Chinese AI Upstart Eyes $75 Billion Valuation

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‼️ 🇨🇳 🧠 DeepSeek’s annualized revenue run rate has surpassed $1 billion, more than doubling in recent months, The Information reported, citing comments from CEO Liang Wenfeng to investors. The Chinese AI startup is reportedly planning a second funding round of up to 50 billion yuan ($7.45 billion) at a 500 billion yuan valuation by end-October, while also exploring a Shanghai listing. Revenue growth was partly driven by 2.3–4.5x price increases for its AI models.