Morgan Stanley analysts were surprised by the response to DeepSeek's launch, a development that underscores the intense competition from China's crucial AI sector. Despite dismissing the knee-jerk reaction of markets on Monday,
Investors sold technology stocks across the globe as they worried that the emergence of a low-cost Chinese artificial intelligence (AI) model would threaten the dominance of current leaders.
Even as DeepSeek has rattled the US tech industry with its R1 artificial intelligence (AI) model, the Chinese economy continues to perform poorly amid slowing manufacturing sector
Shares in Nvidia, whose semiconductors power the AI industry, fell nearly 17 percent on Wall Street, erasing nearly $600 billion of its market value.
US stocks opened lower after Chinese startup DeepSeek's AI model shows AI can be built cheaply. That sparked fears AI spending will stall.
Nvidia, which soared to the top of the stock market by selling the computer chips fueling the world’s artificial intelligence boom, has been dealt a tough reality check by a small Chinese company that showed it could do more
Chipmakers and other AI-connected industries saw stocks drop Monday amid concerns over advancements by DeepSeek
Tech stocks tumbled on Monday as advances by Chinese artificial intelligence (AI) start-up, the Hangzhou DeepSeek Artificial Intelligence Co., Ltd.’s DeepSeek, cast doubt on whether the United States could sustain its leadership in AI by spending billions of dollars on chips.
China AI startup DeepSeek just released its R-1 model that compares favorably with OpenAI's o1 reasoning model. DeepSeek claims to have trained R1 at a fraction of the cost of o1 and Meta's Llama 3.1.
Broadcom's panic sell-off was triggered by unverified claims about DeepSeek's low development costs. See why I continue to rate AVGO stock a strong buy.
Deepseek: DeepSeek, a Chinese AI startup has shaken the Silicon Valley, becoming the leading free app on Apple's App Store in the US. DeepSeek's claim that its R1 model was made at a fraction of the cost of its rivals,