Markets

China closes gap in AI model development

White House AI czar David Sacks warns that the U.S. may be only three to six months ahead of China in AI development as DeepSeek gains 20 million daily users and tops app store downloads.

Fox Business Briefs 8/4

Markets regain calm after Friday's selloff; Tesla board approves Musk pay package; Wayfair swings to unexpected profit; Martha Stewart launches her first skincare brand.