Chinese AI Firm DeepSeek Disrupts US Market; NVIDIA Sheds US$600 Billion in Value

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Chinese AI Firm DeepSeek Disrupts US Market; NVIDIA Sheds US$600 Billion in Value - Lowyat.net

Quick Summary:

Global technology shares took a hit as the emergence of a low-cost artificial intelligence (AI) model from Chinese startup DeepSeek raised concerns about the sector’s reliance on high-cost, high-tech chips.

The fallout was especially evident in US tech giant NVIDIA, whose shares plummeted nearly 17% on Wall Street, wiping out almost US$600 billion in market […]

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