The Information reports DeepSeek's annualized revenue reached dlr 400-500 mln.

U.S. President Trump said the Strait of Hormuz is open to all vessels except Iran, saying Iran's habitually deceptive leadership is driving the country toward total ruin.

Financial Times reports multiple people familiar say the European Commission plans to issue several separate enforcement decisions against Google within the next week, imposing fines totalling in the hundreds of millions of euros. The measures are said to include the threat of daily penalty payments and new regulatory orders under the EU Digital Markets Act. Under the DMA, breaches can carry fines of up to 10% of global turnover; Alphabet’s revenue last year was $402.83 bln.