DeepSeek Shatters Beliefs About The Cost Of AI, Leaving US Tech Giants Reeling

DeepSeek Shatters Beliefs About The Cost Of AI, Leaving US Tech Giants Reeling

Independentng | 02-02-2025 04:36pm |

Almost A$1 trillion (US$600 bil­lion) was wiped off the value of artificial intelligence microchip maker Nvidia overnight on Mon­day, when a little-known Chinese startup, DeepSeek, threatened to upend the US tech market. While Nvidia suffered the biggest one-day loss in sharemarket history, other tech giants – Microsoft, Alpha­bet and Amazon, who are investing heavily in [...]

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