Why the markets are freaking out about Chinese AI newcomer DeepSeek
A Chinese company’s claim of a $5.6 million artificial intelligence breakthrough wiped almost $600 billion from Nvidia’s market value on Monday, shattering Wall Street’s confidence that tech companies’ AI spending spree will continue and dealing an apparent blow to US tech leadership.
DeepSeek AI, favored by investors over ChatGPT, uses rapid advancements with cheaper chips as U.S. tech restrictions fuel ...
Global investors are worried the emergence of a low-cost Chinese AI model will threaten the dominance of AI leaders.
Chinese state-linked social media accounts amplified narratives celebrating the launch of Chinese startup DeepSeek's AI ...
Several experts, including Elon Musk and Howard Lutnick, nominated to head the US Commerce Department, recently suggested ...
The tech-heavy Nasdaq composite closed down nearly 3% on Monday, with shares of AI-focused chipmaker Nvidia plunging 17% and ...
Barrett Woodside, co-founder of the San Francisco AI hardware company Positron, said he and his colleagues have been abuzz ...
Nvidia crossed below its 200-day moving average this week for the first time since 2023. Analysts say the correction could ...
The emergence of DeepSeek came shortly after President Trump unveiled his "Stargate" project to invest $500bn in advancing AI.
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