Low-cost China AI model shakes global markets

Quick Summary:

Global markets experienced significant turmoil after Chinese AI startup DeepSeek released a new low-cost AI model, leading to substantial losses for tech giants like Nvidia.

The sensex also dropped 824 points, affected by foreign fund selling and global concerns over DeepSeek's superior AI performance and its potential impact on high-cost AI-chip manufacturers.

With US markets deep in the red in early trades and the US Federal Reserve's rate setting committee meeting scheduled later this week, domestic investors are still edgy, market players said.

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Article Details

Author / Journalist: TNN

Category: EconomyBusiness

Markets: IndiaChina

Topics: Low-cost AI model DeepSeek AI model Global market turmoil AI chip manufacturers Nvidia stock decline

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-28 @ 09:17:47 (2 days ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 664 words

Reading Time: 4 minutes read

Sentences: 28 lines

Sentence Length: 24 words per sentence (average)

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

Copyright Owner: © Times of India

News ID: 25551508

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About Times of India

Main Topics: EconomyBusiness

Official Website: timesofindia.indiatimes.com

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