Nvidia shares' 9% recovery Tuesday was the second-best day in terms of market cap added for any company ever—but the company faced another selloff Wednesday.
OpenAI itself has been accused of building ChatGPT by inappropriately accessing content it didn't have the rights to.
The Trump administration is reportedly considering expanding the bans and sanctions against China, which could mean that the Nvidia H20 chip will no longer be legal to sell in the country.
Shares for leading US chip firm Nvidia dropped by almost 17% on Monday after the emergence of DeepSeek stunned Silicon Valley.
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.
Investors sold technology stocks across the globe over the emergence of the low-cost Chinese artificial intelligence model. Read more at straitstimes.com.
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.
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.
Stock futures were mostly higher and benchmark Treasury yields slipped ahead of the Federal Reserve decision, with Wall Street expecting the central bank to keep its key interest rate unchanged, but its first decision under Trump will be one to watch nonetheless.
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