Nvidia shares sink as Chinese AI app spooks markets
US tech giant Nvidia lost over a sixth of its value after the surging popularity of a Chinese artificial intelligence (AI) app spooked investors in the US and Europe. DeepSeek, a Chinese AI chatbot reportedly made at a fraction of the cost of its rivals, launched last week but has already become the the most downloaded free app in the US.
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DeepSeek's claims that it cost mere millions to build fanned fears that the huge investments into AI by U.S. firms are ...
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DeepSeek was created by a top Chinese quantitative trading firm. It’s not unusual for Wall Street quant luminaries to try ...
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EST Nvidia releases its first statement on DeepSeek as its stock dipped to a 18% loss on the day, calling the Chinese company ...
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