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DeepSeek fever fuels patriotic bets on Chinese AI stocks

The Star LogoThe Star3h ago

DeepSeek fever fuels patriotic bets on Chinese AI stocks - The Star

Quick Summary:

SHANGHAI/HONGKONG: Chinese investors are rushing into AI-related stocks, betting the artificial intelligence advance of home-grown startup DeepSeek will lead to a boom in the sector and give the initiative to China in an intensifying Sino-U.S.technology war.

DeepSeek shocked Silicon Valley and rocked Wall Street late last month with the announcement of a competitive large language model that was ostensibly cheaper to develop than those of big-spending U.S.leaders such as OpenAI and Meta.

Feverish buying has pumped up shares of Chinese chipmakers, software designers and data centre operators amid patriotic calls for an upward repricing of Chinese assets as U.S.


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Article Details

Category: EconomyBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-06 @ 16:57:00 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 626 words

Reading Time: 4 minutes read

Sentences: 26 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 25922851

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About The Star

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Main Topics: EconomyBusiness

Official Website: thestar.com.my

Update Frequency: 50 posts per day

Year Established: 1971

Headquarters: Malaysia

News Last Updated: 24 minutes ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #22

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