European shares slid on Monday as the technology sector joined the retreat in other markets after China's upgraded low-cost, low-power artificial intelligence (AI) model sparked worries about the profits of rivals and the need for costly tech.
DeepSeek is called “amazing and impressive” despite working with less-advanced chips.
Nasdaq futures slumped and technology shares slid in Japan on Monday as surging popularity of a Chinese discount artificial intelligence model wobbled investors' faith in the profitability of AI and the sector's voracious demand for high-tech chips.
A look at the day ahead in European and global markets from Kevin Buckland For two years, investors and analysts have pondered what - if anything - could take some of the steam out of the AI stocks rally.
Similar to ChatGPT, the chatbot can perform tasks such as answering questions, drafting content and helping users gather information.
ASML Holding NV shares tanked along with global technology stocks on Monday as Chinese artificial intelligence startup DeepSeek sparked fear over Western technological dominance.
Investors say the latest AI model released by China’s equivalent to OpenAI has the potential to disrupt the United States’ grip on generative AI technology.
DeepSeek has far-reaching implications for the global tech industry, upending the widespread belief that the future of AI will require ever-increasing amounts of power.
Good morning. US tech futures plunge as a Chinese AI newcomer threatens to shake things up. Donald Trump briefly proposes tariffs on Colombia. And Elon Musk’s Department of Government Efficiency is now hiring.
A Chinese artificial-intelligence company has Silicon Valley raving, calling it "amazing and impressive,"despite working with less-advanced chips.
U.S. stock futures and Asian shares outside China slumped on Monday as investors weighed the implications of Chinese startup DeepSeek's launch of a free, open-source artificial intelligence model to rival OpenAI's ChatGPT.
DeepSeek has open-sourced its flagship models along with six smaller variants, ranging from 1.5 billion to 70 billion parameters.