Nvidia shares sink as Chinese AI app spooks markets
US tech giant Nvidia lost over a sixth of its value after the surging popularity of a Chinese artificial intelligence (AI) app spooked investors in the US and Europe. DeepSeek, a Chinese AI chatbot reportedly made at a fraction of the cost of its rivals, launched last week but has already become the the most downloaded free app in the US.
Top of the line GPUs. DeepSeek has said it has access to 10,000 of Nvidia’s older generation A100 GPUs—chips that were ...
Nvidia Corp., the biggest provider of chips used to train artificial intelligence software, said a new model released by ...
DeepSeek was created by a top Chinese quantitative trading firm. It’s not unusual for Wall Street quant luminaries to try ...
DeepSeek said it spent only $5.6 million developing its model—peanuts when compared with the billions U.S. tech giants have ...
A major tech stock sell-off ensued Monday as the debut of DeepSeek rattled investors. Nvidia, Alphabet, and Microsoft were ...
DeepSeek released an open-source artificial intelligence model in December, saying it took only two months and less than $6 ...
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Wall Street’s superstars tumbled Monday as a competitor from China threatens to upend the artificial-intelligence frenzy they ...
The AI assistant is powered by the startup’s “state-of-the-art” DeepSeek-V3 model, allowing users to ask questions, plan ...
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