Option chain shows key data for Great Lakes Graphite's stock options at various strike prices and expiration dates. Traders use this information to analyze potential trades and assess market sentiment for Great Lakes Graphite.

Great Lakes Graphite (OTC:GLKIF) Stock, Option Chain

Great Lakes Graphite Inc is an industrial minerals company focused on bringing carbon properties and products. It focuses on the manufacture, marketing, and sales of graphite products. Its product is categorized in types: graphite and advanced carbon products. Some of its natural flake graphite products are Micronized, High purity micronized, Ultra-high purity micronized, Spherical purified, and Coated spherical purified. The advanced carbon products include ALD-Coated graphite, Graphene, and Carbon composite materials.

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GREAT LAKES GRAPHITE INC by Great Lakes Graphite, Inc.

Great Lakes Graphite Inc

Macro Economic Events

Econ #s

Economics

Reported Earlier, Australia Trimmed Mean Consumer Price Index (QoQ) For Q4 0.5% Vs. 0.6% Est.; 0.8% Prior

Reported Earlier, Australia Consumer Price Index (YoY) For Q4 0.2% Vs. 0.3% Est.; 0.2% Prior

Reported Earlier, Australia Consumer Price Index (QoQ) For Q4 2.4% Vs. 2.5% Est.; 2.8% Prior

Palmer Luckey, founder of Oculus and Anduril Industries, has voiced strong criticism against the reaction to DeepSeek, labeling it as an overreaction.
What Happened: On Tuesday, Luckey took to X, formerly Twitter, and described the hysteria surrounding DeepSeek, a China-based AI startup, as an &#8220;indictment of so many.&#8221;
He dismissed the $5 million figure associated with DeepSeek as false.
He said the Chinese hedge fund aims to deter investment in American AI startups and benefit from short positions against U.S. tech giants like Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>).
See Also:&nbsp;<a href="https://www.benzinga.com/markets/25/01/43258349/deepseek-flags-fake-founders-account-on-x-as-open-source-ai-model-surpasses-openais-chatgpt-on-apple-store" target="_blank" rel="noreferrer noopener">DeepSeek Flags Fake Founder's Account On X As Open-Source AI Model Surpasses OpenAI's ChatGPT On Apple Store</a>
DeepSeek is backed by High-Flyer, an $8 billion Chinese quantitative hedge fund co-founded by Liang Wenfeng.
Luckey also accused the fund of attempting to obscure sanction evasion. &#8220;America is a fertile bed for psyops like this because our media apparatus hates our technology companies and wants to see President Trump fail.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">DeepSeek is legitimately impressive, but the level of hysteria is an indictment of so many. The $5M number is bogus. It is pushed by a Chinese hedge fund to slow investment in American AI startups, service their own shorts against American titans like Nvidia, and hide sanction…
&mdash; Palmer Luckey (@PalmerLuckey) <a href="https://twitter.com/PalmerLuckey/status/1884351579240927677?ref_src=twsrc%5Etfw">January 28, 2025</a></blockquote>
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Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Why It Matters: DeepSeek has said that it developed its low-cost R1 model in just two months with an <a href="https://www.benzinga.com/tech/25/01/43223228/satya-nadella-said-we-should-take-development-out-of-china-very-very-seriously-now-deepseeks-r1-has-emerged-as-chatgpt-killer-outperforming-openai-with-50x-cheaper-prices-heres-more">investment of $5.6 million</a>. This has sparked questions regarding the rationale behind some U.S. tech companies&#8217; commitments to invest billions in AI.
On Monday, Nvidia's stock plummeted 17%, wiping out <a href="https://www.benzinga.com/markets/equities/25/01/43256425/nvidia-says-deepseek-an-illustration-of-how-new-ai-models-can-be-created-while-being-export-control-compliant-amid-600-billion-market-value-plunge">roughly $600 billion</a> from its market value — marking its largest single-day loss. Meanwhile, the Nasdaq 100 dropped more than 3%, experiencing its <a href="https://www.benzinga.com/economics/macro-economic-events/25/01/43244872/tech-stocks-tumble-on-ai-nightmare-nvidia-eyes-worst-day-since-march-2020-bitcoin-drops-below-100000-whats-driving-markets-monday">steepest decline</a> since Dec. 18.
Billionaire investor Bill Ackman has raised concerns about whether DeepSeek&#8217;s <a href="https://www.benzinga.com/markets/equities/25/01/43293842/bill-ackman-questions-whether-deepseek-ais-hedge-fund-affiliate-profited-from-nvidias-sell-off-a-fortune-could-have-been-made">hedge fund partner may have benefited</a> from the tech stock downturn on Monday. &#8220;A fortune could have been made.&#8221;
The <a href="https://www.benzinga.com/25/01/43293506/chinas-deepseek-under-white-house-scrutiny-over-potential-national-security-risks">White House</a> announced on Tuesday that the National Security Council is reviewing DeepSeek&#8217;s implications, citing potential national security risks.
Meanwhile, Jeff Bezos-backed <a href="https://www.benzinga.com/25/01/43293869/jeff-bezos-backed-perplexity-rolls-out-self-hosted-deepseek-r1-model-amid-controversy-over-chinese-ai-influence-ceo-aravind-srinivas-says-theres-a-lot-of-misconception">Perplexity AI</a> has launched a self-hosted version of the DeepSeek R1 model.
Photo Courtesy: Shutterstock.com
Check out more of Benzinga&#8217;s Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/25/01/43259545/deepseeks-r1-is-impressive-but-openai-ceo-sam-altman-says-they-will-crush-it-with-much-better-models-looking-forward-to-bringing-you-all-agi-and-beyond">DeepSeek&#8217;s R1 Is Impressive But OpenAI CEO Sam Altman Says Will Deliver Much Better Models: &#8216;Looking Forward To Bringing You All AGI And Beyond&#8217;</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Tech

NVDA

Palmer Luckey Blasts Hysteria Over DeepSeek, Oculus-Founder Says Chinese Hedge Fund's 'Psyops' Targeted US AI Giants Like Nvidia

Jim Cramer took aim at panic sellers Tuesday as major tech stocks recovered from a sharp decline triggered by Chinese artificial intelligence startup DeepSeek&#8216;s market entrance, with NVIDIA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) leading the rebound with an 8.82% gain.
What Happened: &#8220;The shoot first learn later crew really got hosed today,&#8221; CNBC&#8217;s Cramer wrote on X, following Monday&#8217;s tech sector selloff that <a href="https://www.benzinga.com/markets/equities/25/01/43221806/nvidia-amd-broadcom-smci-tsmc-and-other-tech-giants-lead-monday-pre-market-selloff-as-nasdaq-100-futures-plummet-over-650-points-amid-reports-of-chinese-ai-startup-deepseek-overtaking-chatgpt">erased nearly $600 billion </a>from Nvidia&#8217;s market value amid concerns over DeepSeek&#8217;s claims of matching OpenAI&#8217;s performance at lower costs.
The phrase &#8220;shoot first, learn later&#8221; originates from the idiom &#8220;shoot first, ask questions later,&#8221; implying a hasty or impulsive action, often criticized in financial contexts for lacking due diligence.<a href="https://usdictionary.com/idioms/shoot-first-ask-questions-later/" target="_blank" rel="noreferrer noopener"></a>
The recovery saw Taiwan Semiconductor Manufacturing Co. Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) surge 5.25% and Broadcom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>) climb 2.57%, according to <a href="https://pro.benzinga.com/dashboard">data from Benzinga Pro</a>, as market sentiment shifted away from initial panic over DeepSeek&#8217;s potential disruption of the AI chip market.
Fundstrat Global Advisors&#8216; head of research Tom Lee characterized Monday&#8217;s selloff as &#8220;an overreaction&#8221; during CNBC&#8217;s &#8220;Closing Bell,&#8221; drawing parallels to Nvidia&#8217;s March 2020 decline that proved to be a <a href="https://www.benzinga.com/markets/equities/25/01/43259288/fundstrats-tom-lee-sees-nvidias-17-plunge-as-an-opportunity-calls-nasdaqs-over-600-points-plunge-drop-a-market-overreaction">strategic entry point for investors</a>.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The shoot first learn later crew really got hosed today
&mdash; Jim Cramer (@jimcramer) <a href="https://twitter.com/jimcramer/status/1884357707634778187?ref_src=twsrc%5Etfw">January 28, 2025</a></blockquote>
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See Also: <a href="https://www.benzinga.com/25/01/43294364/apple-surprises-iphone-users-by-teaming-up-with-spacex-and-t-mobile-to-bring-starlink-satellite-texting-heres-what-you-need-to-know-about-the-new-feature">Apple Surprises Users With Starlink Beta, Teams Up With Elon Musk&#8217;s SpaceX And T-Mobile To Bring Satellite Texting For iPhone Users In iOS 18.3</a>
Why It Matters: The market response has raised questions about <a href="https://www.benzinga.com/25/01/43266135/jim-cramer-squashes-deepseek-hype-warns-of-ai-sputnik-moment-as-investor-frenzy-and-inferiority-complex-vs-china-grips-market">U.S.-China AI competition</a>. &#8220;The sudden emergence of DeepSeek is a Sputnik-like moment for the U.S. and potentially undermines U.S. AI exceptionalism, but we see yesterday&#8217;s panic selling to be overdramatic,&#8221; Appreciate CEO Subho Moulik told Benzinga.
Adding complexity to the narrative, billionaire investor Bill Ackman questioned whether DeepSeek&#8217;s hedge fund affiliate, High-Flyer, potentially profited from the <a href="https://www.benzinga.com/markets/equities/25/01/43293842/bill-ackman-questions-whether-deepseek-ais-hedge-fund-affiliate-profited-from-nvidias-sell-off-a-fortune-could-have-been-made">selloff through options trading</a>. The Chinese startup emerged from High-Flyer, an $8 billion quantitative hedge fund co-founded by Liang Wenfeng.
OpenAI CEO Sam Altman acknowledged DeepSeek&#8217;s R1 as &#8220;an impressive model,&#8221; while <a href="https://www.benzinga.com/markets/equities/25/01/43256425/nvidia-says-deepseek-an-illustration-of-how-new-ai-models-can-be-created-while-being-export-control-compliant-amid-600-billion-market-value-plunge">Nvidia defended its position</a>, stating that DeepSeek&#8217;s operations still &#8220;requires significant numbers of Nvidia [chips] and high-performance networking.&#8221;
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/25/01/43293715/cathie-wood-dumps-tesla-stock-ahead-of-q4-earnings-ark-invest-loads-up-on-amazon">Cathie Wood Dumps Tesla Stock Ahead Of Q4 Earnings, Ark Invest Loads Up On Amazon</a></li>
</ul>
Image Via Shutterstock 
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Equities

AVGO

Jim Cramer Says The 'Shoot First Learn Later' Crowd Got 'Hosed' As Nvidia And Other Tech Stocks Stage Recovery After DeepSeek Turmoil

Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) has joined forces with Elon Musk's SpaceX and T-Mobile US Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TMUS#NASDAQ">TMUS</a>) to bring Starlink satellite texting capabilities to iPhones.
What Happened: Apple has integrated the Starlink satellite network into its latest <a href="https://www.benzinga.com/25/01/43257851/ios-183-released-with-urgent-security-fixes-heres-why-every-iphone-user-should-update-immediately">iPhone software update</a> iOS 18.3, released on Monday, <a href="https://www.bloomberg.com/news/articles/2025-01-29/apple-and-spacex-link-up-to-support-starlink-satellite-network-on-iphones">reported</a> Bloomberg.
T-Mobile has initiated a limited beta test, allowing some iPhone users to experience the Starlink service.
Participants in the beta received messages from T-Mobile, informing them of their inclusion in the Starlink program. The company said that the test will initially support select smartphones, with plans to expand to more devices, the report noted.
See Also: <a href="https://www.benzinga.com/tech/25/01/43221500/ios-18-4-preview-updates-to-siri-more-languages-for-apple-intelligence-and-robot-vacuum-support-everything-we-know-so-far">iOS 18.4 Preview: Updates To Siri, More Languages For Apple Intelligence, And Robot Vacuum Support — Everything We Know So Far</a>
Currently, the Starlink service is limited to texting, but SpaceX and T-Mobile aim to include data and voice capabilities in the future.
The service is available only in the U.S. for now, contrasting with Apple&#8217;s satellite connectivity provider Globalstar (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/GSAT#AMEX">GSAT</a>) service, which operates in multiple countries.
Why It Matters: This partnership marks a significant shift, as T-Mobile had previously only mentioned Starlink compatibility with Samsung Electronics Co. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SSNLF#OTC">SSNLF</a>) devices.&nbsp;
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
T-Mobile has also expanded the beta to include some users with Android 15, the newest version of Alphabet Inc's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Google's operating system.
Both the Starlink and Apple satellite services are intended for use in remote areas, like hiking trails, where <a href="https://www.benzinga.com/news/23/07/33350183/iphone-14-crash-detection-feature-saves-drivers-life-in-terrifying-400-feet-cliff-fall">cellular coverage is unavailable</a>.
The Apple satellite service is supported on most modern iPhone models, and the company is also planning to introduce it on the Ultra smartwatch later this year, the report noted.
T-Mobile US is set to discuss its fourth-quarter earnings on Wednesday, Jan. 29, 2025. The company&#8217;s <a href="https://www.benzinga.com/news/earnings/24/10/41501756/t-mobile-reports-strong-q3-results-service-revenues-grew-5-yoy-fcf-grew-29-raised-fy24-guidance">third-quarter revenue</a> reached $20.16 billion, surpassing the analyst consensus estimate of $20.01 billion. Apple&#8217;s <a href="https://www.benzinga.com/25/01/43198886/apples-q1-earnings-might-not-miss-a-beat-even-as-iphone-sales-stumble-analyst">first-quarter earnings</a> report is expected on Jan. 30.
Price Action: Apple&#8217;s stock rose by 3.65% on Tuesday, ending the day at $238.26, and saw a further increase of 0.038% in after-hours trading, according to <a href="https://benzinga.grsm.io/lxquj26b2sag">data from Benzinga Pro</a>. TMUS&#8217;s stock dropped 0.17% on Tuesday, closing at $221.06, but gained 0.12% in after-hours trading.
Photo Courtesy: Shutterstock.com
Check out more of Benzinga's Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/25/01/42900737/stephen-king-slams-elon-musks-h-1b-visa-stance-musk-thinks-smart-immigrants-can-stay-the-rest-of-you-washing-dishes-get-lost" target="_blank" rel="noreferrer noopener">Stephen King Slams Elon Musk&#8217;s H-1B Visa Stance: ‘Musk Thinks Smart Immigrants Can Stay – The Rest of You Washing Dishes … Get Lost&#8217;</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.

Media

AAPL

GOOG

GOOGL

GSAT

SSNLF

TMUS

Apple Surprises Users With Starlink Beta, Teams Up With Elon Musk's SpaceX And T-Mobile To Bring Satellite Texting For iPhone Users In iOS 18.3

Wedbush Securities analyst Dan Ives expects Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) and Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) to stand firm on their ambitious artificial intelligence spending plans during their upcoming earnings calls, despite recent market jitters over Chinese AI startup DeepSeek&#8216;s emergence.
What Happened: Ives, writing on X on Tuesday, said he anticipates both tech giants to reiterate their substantial 2025 AI-driven capital expenditure targets – $60-65 billion for Meta and $80 billion for Microsoft – during their Wednesday earnings calls.
The analyst&#8217;s comments come as both companies prepare to report quarterly results amid market uncertainty triggered by DeepSeek&#8217;s surprise <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/01/43236579/chinas-deepseek-ai-rattles-tech-stocks">announcement of a new large language model</a> that reportedly cost just $6 million to develop using restricted Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) chips.
While DeepSeek&#8217;s achievement sent tremors through tech stocks, On Monday, Ives dismissed concerns about its <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/01/43236579/chinas-deepseek-ai-rattles-tech-stocks">impact on established players</a>. &#8220;No US Global 2000 is going to use a Chinese start-up DeepSeek to launch their AI infrastructure and use cases,&#8221; he noted, characterizing the recent market reaction as a &#8220;golden buying opportunity.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">We expect Meta and Microsoft to reiterate their massive 2025 AI driven Capex numbers of $60 billion-$65 billion and $80 billion respectively with a firm tone on tomorrow night's conf call. This is what the Street is focused on after the DeepSeek LLM/model heard around the world&#x1f37f;
&mdash; Dan Ives (@DivesTech) <a href="https://twitter.com/DivesTech/status/1884370285790421282?ref_src=twsrc%5Etfw">January 28, 2025</a></blockquote>
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See Also: <a href="https://www.benzinga.com/markets/equities/25/01/43293842/bill-ackman-questions-whether-deepseek-ais-hedge-fund-affiliate-profited-from-nvidias-sell-off-a-fortune-could-have-been-made">Bill Ackman Questions Whether DeepSeek AI&#8217;s Hedge Fund Affiliate Profited From Nvidia&#8217;s Sell-Off: &#8216;A Fortune Could Have Been Made&#8217;</a>
Why It Matters: For Meta&#8217;s upcoming report, analysts expect robust <a href="https://www.benzinga.com/general/social-media/25/01/43283942/meta-q4-earnings-preview-analysts-say-advertising-strength-could-drive-above-industry-topline-growth">advertising momentum to drive revenue growth</a>. Goldman Sachs analyst Eric Sheridan projects &#8220;above-industry topline growth over the next several quarters,&#8221; citing strong ad performance and untapped potential in platforms like WhatsApp and Messenger.
Microsoft investors will focus on Azure&#8217;s <a href="https://www.benzinga.com/25/01/43287988/microsoft-q2-preview">cloud computing performance</a>, with analysts projecting 31-32% revenue growth. Oppenheimer analyst Timothy Horan, however, cautioned that the Street might be &#8220;too optimistic&#8221; about near-term returns on AI investments.
The broader AI landscape continues to evolve rapidly, with both companies <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/01/43236579/chinas-deepseek-ai-rattles-tech-stocks">heavily invested in the sector</a>. &#8220;The focus of AI right now is the enterprise use cases and broader infrastructure propelling this $2 trillion of Cap-Ex over the next 3 years,&#8221; Ives emphasized, highlighting the strategic importance of maintaining planned investment levels despite market volatility.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/equities/25/01/43293219/teslas-30k-ev-risks-being-a-nothing-burger-says-gary-black-warns-of-cannibalization-without-a-new-compact-design">Tesla&#8217;s $30K EV Risks Being A &#8216;Nothing Burger,&#8217; Says Gary Black—Warns Of Cannibalization Without A New Compact Design</a></li>
</ul>
Image Via Shutterstock 
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

MSFT

Dan Ives Expects Meta And Microsoft To Stand Firm On $60 - $80 Billion AI Spending Plans Amid DeepSeek's Disruptive AI Model

Bets favoring approval of a Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) exchange-traded fund in 2025 surged on Polymarket after cryptocurrency fund manager&nbsp;Bitwise Asset Management formally applied with the SEC.
What Happened: The odds on the Polygon (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">POL</a>)-<a href="https://polymarket.com/event/doge-etf-approved-in-2025?tid=1738100634583">based </a>prediction platform increased from 43% to 56% in the last 24 hours before falling back to 53% as of this writing. On Jan. 2, the likelihood of Dogecoin ETF was just 26%.
The surge followed Bitwise&#8217;s official submission with the SEC to list a Bitwise Dogecoin ETF that will provide exposure to the market moves of the world&#8217;s largest meme coin. The S-1 filing is a prerequisite for issuers to file to offer new securities.
The firm had submitted an <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/43153205/bets-favoring-dogecoin-etf-approval-in-2025-jump-after-bitwises-delaware-filing-top-trader-paints-over-4000-upside-for-memecoin">ETF filing</a> to Delaware&#8217;s Department of State&#8217;s Division of Corporations last week, typically seen as a precursor to an official SEC filing.
See Also:<a href="https://www.benzinga.com/24/12/42735744/pharma-bro-martin-shkreli-predicts-doom-for-michael-saylors-microstrategy-as-stock-dips-below-300-in-after-hours-trading"> </a><a href="https://www.benzinga.com/25/01/43256704/robert-kiyosaki-predicts-yet-another-stock-market-crash-advises-bitcoin-investments-heres-what-you-should-know-about-the-rich-dad-poor-dad-authors-previous-forecasts">Robert Kiyosaki Predicts Yet Another Stock Market Crash, Pitches Bitcoin Investments — Here&#8217;s What The &#8216;Rich Dad Poor Dad&#8217; Author Said</a>
Why It Matters: The news of the filing spurred a 4% rise in Open Interest for Dogecoin futures over the last 4 hours, <a href="https://www.coinglass.com/BitcoinOpenInterest">according </a>to Coinglass, indicating high speculative interest.
Additionally, bullish bets for the coin surged, with more than 53% of futures traders placing long positions, <a href="https://www.coinglass.com/LongShortRatio">data </a>from Long/Short ratio showed.
Bitwise's registration comes after&nbsp;REXShares&nbsp;and&nbsp;Osprey&nbsp;filed several ETF applications with the SEC last week,&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/25/01/43105356/meme-coin-supercycle-dogecoin-trump-bonk-futures-etf-applications-filed" target="_blank" rel="noreferrer noopener">including one</a>&nbsp;for Dogecoin. 
Influential trader Ali Martinez stated previously that an ETF could propel DOGE&#8217;s price to $15.
Price Action: At the time of writing, Dogecoin was exchanging hands at $0.3282, down 1.80% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA.." target="_blank" rel="noreferrer noopener">data from Benzinga Pro</a>. Year-to-date, the cryptocurrency has gained 3.70%. 
Image via Shutterstock
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Polymarket Bets Turn Bullish On 2025 Dogecoin ETF After Bitwise Move

A nationwide lockout of federal health payment systems, reportedly due to an &#8220;outage&#8221;, has led to widespread criticism of the White House. The lockout affected several organizations and agencies, including state Medicaid programs, federally funded Head Start early education programs, and community health centers.
What Happened: The White House attributed the lockout to an &#8220;outage.&#8221; White House Press Secretary Karoline Leavitt said on X that the administration is &#8220;aware&#8221; of the Medicaid website not functioning.
&#8220;We have confirmed no payments have been affected — they are still being processed and sent,&#8221; said Leavitt.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The White House is aware of the Medicaid website portal outage. We have confirmed no payments have been affected — they are still being processed and sent. We expect the portal will be back online shortly.
&mdash; Karoline Leavitt (@PressSec) <a href="https://twitter.com/PressSec/status/1884329868030271759?ref_src=twsrc%5Etfw">January 28, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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The lockout prevented multiple state Medicaid programs from accessing their payment systems. However, operations resumed later the same day, according to a CBS News <a href="https://www.cbsnews.com/news/medicaid-head-start-health-centers-trump-funding-freeze/">report</a>. The incident coincided with President Donald Trump&#8217;s controversial decision to freeze spending across the federal government, leading to heightened criticism from state governments, nonprofits, and lawmakers.
The entities affected were unable to access the Payment Management Services web portal, run by the Department of Health and Human Services (HHS), which processes billions of dollars in payments annually. 
The lockout and the ongoing communication &#8220;pause&#8221; imposed by the Trump administration at HHS led to a flurry of requests for comment from various stakeholders, including the National Association of Medicaid Directors and several lawmakers.
See Also: <a href="https://www.benzinga.com/markets/equities/25/01/43293219/teslas-30k-ev-risks-being-a-nothing-burger-says-gary-black-warns-of-cannibalization-without-a-new-compact-design">Tesla&#8217;s $30K EV Risks Being A &#8216;Nothing Burger,&#8217; Says Gary Black—Warns Of Cannibalization Without A New Compact Design</a>
Why It Matters: The lockout occurred amidst the administration&#8217;s decision to freeze spending across the federal government, a move that has been challenged legally. A federal judge issued a <a href="https://www.benzinga.com/government/regulations/25/01/43292056/judge-blocks-trumps-order-to-freeze-federal-grant-money">temporary stay on the funding freeze</a>, halting the move until further arguments can be heard.
The freeze put<a href="https://www.benzinga.com/25/01/43290381/trumps-federal-spending-freeze-puts-3-trillion-in-limbo-threatens-industries-like-clean-energy-defense-healthcare"> $3 trillion in funding under scrutiny</a>. This directive required all federal agencies to halt disbursements while programs were reviewed for alignment with Trump&#8217;s policy priorities.
The move is expected to hit sectors such as healthcare, education, clean energy and others. Stocks of clean energy companies like Sunnova Energy International Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOVA#NYSE">NOVA</a>). and Sunrun Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RUN#NASDAQ">RUN</a>) suffered a downturn. Shares of healthcare-sector firms like Universal Health Services Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UHS#NYSE">UHS</a>) and Tenet Healthcare Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/THC#NYSE">THC</a>) also were in the red on Tuesday.
Photo Courtesy: Shutterstock.com
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This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

Health Care

Politics

NOVA

Trump White House Blames 'Outage' For Medicaid Website Lockout: 'We Have Confirmed No Payments Have Been Affected'

On Monday, Jeff Bezos-backed Perplexity AI unveiled a self-hosted version of the DeepSeek R1 model.
What Happened: Perplexity CEO Aravind Srinivas shared the development on X, formerly Twitter, saying the model is now available for research purposes.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The world&#39;s most powerful reasoning model, DeepSeek R1, with reasoning traces, is now on Perplexity, for supporting your daily deep web research! Enjoy! Limits will be increased during the day. Updates coming shortly. <a href="https://t.co/ZDSUKnfmyK">pic.twitter.com/ZDSUKnfmyK</a>
&mdash; Aravind Srinivas (@AravSrinivas) <a href="https://twitter.com/AravSrinivas/status/1883914158481306017?ref_src=twsrc%5Etfw">January 27, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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See Also: <a href="https://www.benzinga.com/25/01/43259545/deepseeks-r1-is-impressive-but-openai-ceo-sam-altman-says-they-will-crush-it-with-much-better-models-looking-forward-to-bringing-you-all-agi-and-beyond">DeepSeek&#8217;s R1 Is Impressive But OpenAI CEO Sam Altman Says Will Deliver Much Better Models: &#8216;Looking Forward To Bringing You All AGI And Beyond&#8217;</a>
The announcement led to misconceptions, with some fearing that DeepSeek data might be accessible to the Chinese government or that search results could be censored.
Srinivas addressed these concerns, stating, "All DeepSeek usage in Perplexity is through models hosted in data centers in the USA and Europe. DeepSeek is &#x2A;open-source&#x2A;. None of your data goes to China."
<figure class="wp-block-image size-large"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/28215041/Screenshot-2025-01-29-at-8.20.34%E2%80%AFAM-1024x293.png" alt="" class="wp-image-754792" /><figcaption class="wp-element-caption">Source: LinkedIn</figcaption></figure>
He also assured users that the DeepSeek R1 model on Perplexity remains uncensored by sharing a screenshot of an unfiltered response as proof.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Uncensored DeepSeek R1 on Perplexity <a href="https://t.co/TPmHrf0xWr">pic.twitter.com/TPmHrf0xWr</a>
&mdash; Aravind Srinivas (@AravSrinivas) <a href="https://twitter.com/AravSrinivas/status/1884047035994890370?ref_src=twsrc%5Etfw">January 28, 2025</a></blockquote>
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</figure>
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Why It Matters: Earlier, Ross Gerber criticized DeepSeek&#8217;s privacy policy, expressing <a href="https://www.benzinga.com/tech/25/01/43258810/ross-gerber-slams-deepseeks-privacy-policy-as-the-chinese-ai-models-rise-triggers-market-chaos-i-dont-trust-a-thing-china-does">distrust in Chinese data practices</a>.
The White House has also placed DeepSeek under a <a href="https://www.benzinga.com/25/01/43293506/chinas-deepseek-under-white-house-scrutiny-over-potential-national-security-risks">national security review</a>.
Previously, in an interview, David Sacks, the White House AI and crypto czar said, &#8220;There's substantial evidence that what DeepSeek did here is they distilled knowledge out of OpenAI models and I don't think OpenAI is very happy about this.
Srinivas also spoke about it saying, &#8220;There's a lot of misconception that China &#8216;just cloned&#8217; the outputs of OpenAI. This is far from true and reflects incomplete understanding of how these models are trained in the first place.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">There's a lot of misconception that China "just cloned" the outputs of openai. This is far from true and reflects incomplete understanding of how these models are trained in the first place. DeepSeek R1 has figured out RL finetuning. They wrote a whole paper on this topic called…
&mdash; Aravind Srinivas (@AravSrinivas) <a href="https://twitter.com/AravSrinivas/status/1884130395437908205?ref_src=twsrc%5Etfw">January 28, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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DeepSeek has been recognized for its capabilities, reportedly <a href="https://www.benzinga.com/news/25/01/43261256/satya-nadella-said-we-should-take-development-out-of-china-very-very-seriously-now-deepseeks-r1-has">outperforming other major AI models</a> like OpenAI&#8217;s ChatGPT. Access to DeepSeek-R1 via API begins at $0.14 per million tokens, approximately 750,000 words. The newest DeepSeek model is said to be most comparable to OpenAI's "o1" model, which costs $7.50 per million tokens.
Photo Courtesy: Shutterstock.com
Check out more of Benzinga's Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Jeff Bezos-Backed Perplexity Rolls Out Self-Hosted DeepSeek R1 Model Amid Chinese AI Controversy: CEO Aravind Srinivas Says, 'There's A Lot Of Misconception...'

Billionaire investor Bill Ackman questioned whether DeepSeek&#8216;s hedge fund affiliate potentially profited from Monday&#8217;s tech stock rout, which saw Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) shares plunge 17% following the Chinese artificial intelligence startup&#8217;s emergence as a potential disruptor.
What Happened: &#8220;What are the chances that Deepseek AI&#8217;s hedge fund affiliate made a fortune yesterday with short-dated puts on Nvidia, power companies, etc.?&#8221; Ackman wrote Tuesday on X, formerly Twitter. &#8220;A fortune could have been made.&#8221;
DeepSeek, which emerged from High-Flyer, an $8 billion Chinese quantitative hedge fund co-founded by Liang Wenfeng, according <a href="https://www.wsj.com/tech/ai/deepseek-ai-china-tech-stocks-explained-ee6cc80e">to</a> The Wall Street Journal, sparked market concerns after announcing its R1 AI model could match OpenAI&#8216;s performance at significantly lower costs without using advanced chips.
The announcement triggered a broader tech selloff that erased <a href="https://www.benzinga.com/markets/equities/25/01/43221806/nvidia-amd-broadcom-smci-tsmc-and-other-tech-giants-lead-monday-pre-market-selloff-as-nasdaq-100-futures-plummet-over-650-points-amid-reports-of-chinese-ai-startup-deepseek-overtaking-chatgpt">approximately $1 trillion in market value</a>. Companies like Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) and Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) also saw significant declines as investors questioned the massive AI infrastructure investments by U.S. tech giants.
Ackman, <a href="https://www.benzinga.com/markets/24/07/39778021/billionaire-bill-ackman-launching-new-fund-should-income-investors-search-elsewhere">through his hedge fund</a> Pershing Square Capital Management, holds a significant stake in tech giants such as Google parent Alphabet, according to 13F filings with the U.S. Securities and Exchange Commission.
High-Flyer and DeepSeek did not immediately respond to <a href="http://pro.benzinga.com/" target="_blank" rel="noreferrer noopener">Benzinga</a>'s request for comment.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">What are the chances that <a href="https://twitter.com/deepseek_ai?ref_src=twsrc%5Etfw">@deepseek_ai</a>'s hedge fund affiliate made a fortune yesterday with short-dated puts on <a href="https://twitter.com/nvidia?ref_src=twsrc%5Etfw">@nvidia</a>, power companies, etc.? A fortune could have been made.
&mdash; Bill Ackman (@BillAckman) <a href="https://twitter.com/BillAckman/status/1884359958952571329?ref_src=twsrc%5Etfw">January 28, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also: <a href="https://www.benzinga.com/markets/equities/25/01/43293219/teslas-30k-ev-risks-being-a-nothing-burger-says-gary-black-warns-of-cannibalization-without-a-new-compact-design">Tesla&#8217;s $30K EV Risks Being A &#8216;Nothing Burger,&#8217; Says Gary Black—Warns Of Cannibalization Without A New Compact Design</a>
Why It Matters: OpenAI CEO Sam Altman acknowledged R1 as &#8220;an impressive model, particularly around what they&#8217;re able to deliver for the price,&#8221; on X, announcing plans to <a href="https://www.benzinga.com/25/01/43259545/deepseeks-r1-is-impressive-but-openai-ceo-sam-altman-says-they-will-crush-it-with-much-better-models-looking-forward-to-bringing-you-all-agi-and-beyond">accelerate some product releases in response</a>.
Nvidia <a href="https://www.benzinga.com/markets/equities/25/01/43256425/nvidia-says-deepseek-an-illustration-of-how-new-ai-models-can-be-created-while-being-export-control-compliant-amid-600-billion-market-value-plunge">defended its position</a>, stating that DeepSeek&#8217;s operations &#8220;requires significant numbers of Nvidia [chips] and high-performance networking.&#8221;
DeepSeek&#8217;s success using lower-cost chips raises <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/01/43267966/deepseeks-low-cost-model-reshapes-ai-landscape-experts-predict-shift-to-application-layer">questions about U.S. export controls</a> on advanced semiconductors to China, suggesting either their ineffectiveness or the possibility of alternative technological approaches in AI development.
The privately-held Chinese company&#8217;s R1 model, released as open-source software, allows other companies to adapt it for their use, potentially accelerating the democratization of AI technology beyond <a href="https://www.benzinga.com/trading-ideas/movers/25/01/43289107/will-deepseek-hurt-magnificent-7-stocks-valuation">traditional tech giants</a>.
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Image Via Shutterstock 
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors

Bill Ackman Questions Whether DeepSeek AI's Hedge Fund Affiliate Profited From Nvidia's Sell-Off: 'A Fortune Could Have Been Made'

Shiba Inu (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>) lead ambassador Shytoshi Kusama hinted at a major partnership announcement for the blockchain ecosystem on Tuesday, stirring up excitement among enthusiasts.
What Happened: Kusama took to X to tease an upcoming &#8220;extremely powerful partnership announcement,&#8221; which appeared to have significant implications for the entire project, including the meme coin SHIB.
The pseudonymous figure offered to discuss the partnership in detail with influencers and those willing to know about it.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">SHIB, the ecosystem, brand, meme, operating system, and network state has an EXTREMELY powerful partnership announcement coming SOON. I know many of you influencers out there book your X SPACES early, so if you are interested in having me speak on any of the above, post below&#x1f447;
&mdash; Shytoshi Kusama&#x2122; (@ShytoshiKusama) <a href="https://twitter.com/ShytoshiKusama/status/1884335037967130751?ref_src=twsrc%5Etfw">January 28, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
The post fueled conjectures, with theories ranging from a possible collaboration with cryptocurrency exchange Binance to social media giant X, which is controlled by Elon Musk.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The best and biggest partnership for me is <a href="https://twitter.com/hashtag/BINANCE?src=hash&amp;ref_src=twsrc%5Etfw">#BINANCE</a>!!! THIS IS FOR EVERYONE.
&mdash; Murat Aydın (@V5Murat) <a href="https://twitter.com/V5Murat/status/1884337632790077679?ref_src=twsrc%5Etfw">January 28, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also:<a href="https://www.benzinga.com/24/12/42735744/pharma-bro-martin-shkreli-predicts-doom-for-michael-saylors-microstrategy-as-stock-dips-below-300-in-after-hours-trading"> </a><a href="https://www.benzinga.com/25/01/43256704/robert-kiyosaki-predicts-yet-another-stock-market-crash-advises-bitcoin-investments-heres-what-you-should-know-about-the-rich-dad-poor-dad-authors-previous-forecasts">Robert Kiyosaki Predicts Yet Another Stock Market Crash, Pitches Bitcoin Investments — Here&#8217;s What The &#8216;Rich Dad Poor Dad&#8217; Author Said</a>
Why It Matters: Kusama&#8217;s tease comes a day after <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/43261673/shytoshi-kusamas-biggest-announcement-ever-tease-triggers-rally-in-shiba-inu-ecosystem-tokens">he revealed</a> that he was preparing for the &#8220;biggest announcement&#8221; he has ever made. The statement triggered a rally in Shiba Inu ecosystem tokens, like SHIB, the recently launched Shiba Inu TREAT&nbsp;(TREAT), and Bone ShibaSwap (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">BONE</a>).
Kusama, fondly called "Shy" within the community, <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/43220991/shytoshi-kusama-steps-down-as-shiba-inu-lead-accomplished-my-initial-goal-with-flying-colors-heres-whats-next-for-the-masked-visionary">stepped down</a> from his role as Shiba Inu&#8217;s lead visionary and assumed the role of a lead ambassador, shifting focus toward execution and communication from vision.
Interestingly, a Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>)-based meme coin called SHY, which is inspired by Kusama, rose 25% in the last 24 hours, <a href="https://dexscreener.com/solana/fkxxlyb169gkemtx3r6zj4mxffu29ay9w9cyj77hhvhb" target="_blank" rel="noreferrer noopener">according&nbsp;</a>to Dex Screener.
Price Action: At the time of writing, SHIB was exchanging hands at $0.00001832, down 4.36% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA.." target="_blank" rel="noreferrer noopener">data from Benzinga Pro</a>.
Image via Shutterstock
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$BONE

$SHIB

Shiba Inu's Shytoshi Kusama Teases 'Extremely Powerful Partnership' — Coin Themed On Him Rallies 25%

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