Chinese AI company DeepSeek made global headlines for helping spark a massive sell-off in U.S. tech stocks on Monday, with Nvidia dropping almost 20%. In China, the hype around DeepSeek has sent ...
Now, Business Insider reports that DeepSeek’s founder, Liang Wenfeng, went viral on Chinese social media, mostly due to the plummeting of the US stock market. On Weibo, viral threads call ...
A Chinese AI company, DeepSeek ... casting doubt on the AI-driven spending boom. Big Tech stocks faced significant losses, with Nvidia plunging 14.4%, pulling the Nasdaq Composite down by 2.8 ...
A frenzy over an artificial intelligence chatbot made by Chinese tech startup DeepSeek was upending stock markets Monday and fueling debates over the economic and geopolitical competition between ...
The impact was immediate and widespread. The S&P 500 dipped 1.7%, with tech stocks suffering the brunt of the losses. Shares of Microsoft and Meta Platforms, both heavily invested in AI ...
The US markets got a loud wake-up call on Monday when shares of major US artificial intelligence and semiconductor companies slumped on a wave of fear that Chinese companies were poised to surpass ...
In Asia, stocks edged 0.1 percent lower in Shanghai after a survey of manufacturers showed export orders in China dropping to a five-month low.
A frenzy over an artificial intelligence chatbot made by Chinese tech start-up DeepSeek upended stock markets on Monday, fuelling debates over the economic and geopolitical competition between the ...
A frenzy over an artificial intelligence chatbot made by Chinese tech startup DeepSeek was upending stock markets Monday and fueling debates over the economic and geopolitical competition ...
Chipmaker Nvidia saw almost $600bn wiped off its market value - the biggest drop in US stock market history - as a low-cost AI competitor from China took chunks out of several tech firms.
High-Flyer had thrived by capitalizing on a market dominated by China’s retail investors, who are known for jumping in and out of stocks impulsively. In 2021, High-Flyer found itself pressured ...