Trump Embraced AI and It Exploded Spectacularly in His Face

Quick Summary:

The AI industry is set to lose more than $1 trillion after an open-source Chinese AI company DeepSeek's ChatGPT competitor skyrocketed in popularity over the weekend, sparking fears that the massive hype surrounding the tech was unwarranted.

Today was a real bloodbath for Silicon Valley, with AI chipmaker wiping out over half a trillion in market value alone, possibly the biggest one-day market loss for a single company in history.

The news certainly isn't a vote of confidence in president Donald Trump, who made a massive stake in the AI industry during the first week of his second term.

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Article Details

Author / Journalist: Victor Tangermann

Category: Technology

Markets: United StatesJapan

Topics: Donald trump Ai chatbots China Chatgpt Stargate OpenAI Artificial Intelligence NVIDIA Deepseek

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-27 @ 19:35:41 (3 days ago)

News Timezone: GMT +8:00

News Source URL: futurism.com

Language: English

Article Length: 511 words

Reading Time: 3 minutes read

Sentences: 21 lines

Sentence Length: 25 words per sentence (average)

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

Copyright Owner: © Futurism

News ID: 25529777

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Main Topics: Technology

Official Website: futurism.com

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News Last Updated: 16 hours ago

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