U.S. President Donald Trump's administration is considering tightening restrictions on artificial intelligence leader Nvidia's sales of its H20 chips designed for the China market, three people familiar with the matter said.

Silicon Valley and Washington leaders said the app shows China can challenge the U.S. The Nasdaq lost 3 percent and chipmaker Nvidia shed $589 billion in market capitalization.

The details of Stargate Project involve a collision of money, politics, and egos—with many potential conflicts down the road.

The $500 billion Stargate project will be critical to "maintain American leadership in AI," one of the partners said in a statement.

Shares for leading US chip firm Nvidia dropped by almost 17% on Monday after the emergence of DeepSeek stunned Silicon Valley.

After Donald Trump announced the $500 billion Stargate project, we examine the U.S.-listed beneficiaries which are least expensive to own.

A competitive artificial intelligence model from a Chinese startup showed high-powered AI can be done much cheaper than U.S. models perform. The prices of eggs are estimated to rise, despite promises from the White House otherwise. USA soccer player Naomi Girma has set a record for women in the sport.

The Chinese company says its AI model is cheaper and uses less energy than those of its competitors, driving questions about predictions of enormous power

DeepSeek, a Hangzhou-based startup founded in 2023, shot to the top of Apple’s App Store free app chart after releasing a new open-source AI model it says rivals OpenAI's work. Its website was hit by outages amid a spike in interest.

The fallout: Several tech stocks slid yesterday, with AI chip maker Nvidia losing $589 billion in market capitalization. Trump said DeepSeek should be “ a wake-up call ” to tech leaders. Holocaust survivors marked the 80th anniversary of the liberation of Auschwitz.