China's new DeepSeek R1 language model has been shaking things up by reportedly matching or even beating the performance of established rivals including OpenAI while using far fewer GPUs. Nvidia's response?
A chatbot made by Chinese artificial intelligence startup DeepSeek has rocketed to the top of Apple’s App Store charts in the US this week, dethroning OpenAI’s ChatGPT as the most downloaded free app.
Yesterday, a piece of breaking news sent technology stocks into a tailspin. The Chinese start-up DeepSeek developed an AI chatbot that reportedly rivaled models from industry leaders like OpenAI, Anthropic,
Nvidia's US$589 billion loss in stock market value is the deepest ever one-day loss for a company on Wall Street, according to LSEG data. It was more than double the previous one-day record loss, set by Nvidia last September. The tech-rich Nasdaq index finished down more than three per cent.
The surprise success of China’s AI startup, DeepSeek, led to tech stocks being hammered in the US market. Nvidia, the leading supplier of AI chips, was largely impacted; its shares plunged 17 per cent,
Nvidia lead a rebound on US stock markets a day after suffering record losses following the emergence of a low-cost Chinese artificial intelligence model.
After losing $589B in market cap on Monday, shares of Nvidia (NVDA) climbed about 4% premarket on Tuesday, showing signs of recovery after DeepSeek AI impact.
A new chatbot released by Chinese start-up DeepSeek has caused U.S. tech giant Nvidia's stock to plunge around 17% on Monday alone. The Chinese company's innovation suggests Nvidia's chips may be less crucial to the future of AI than previously thought,
The chatbot developed by DeepSeek has shown the ability to match the capacity of US AI pace-setters for a fraction of the investments made by US companies.