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Chip Stocks Tumble After China’s DeepSeek AI Models Raise Doubts Over U.S. Tech Dominance
Global chip stocks slumped Monday on DeepSeek revealing it had developed AI models that nearly matched American rivals despite using inferior chips.
China's DeepSeek AI sows doubts about US tech edge. Nasdaq, S&P 500 slide but Dow edges up
Nvidia shares closed down almost 17%, posting its biggest drop since March 2020 and erasing nearly $600 billion from the company's market cap. Broadcom fell 17.4%, and other chip stocks like Micron declined 11.
Trump calls DeepSeek a "wake-up call" for U.S. tech and welcomes China’s AI gains
President Donald Trump said DeepSeek’s AI advances should be a “wake-up call” for the U.S.
Swarajya
20h
US Faces Tough Competition From China In 'AI Race': Largest American Chip Maker Nvidia's Shares Fall After Chinese DeepSeek's Success
DeepSeek, a startup from the eastern Chinese city of Hangzhou, has developed a chatbot that reportedly exhibits the ability ...
21h
American AI firms try to poke holes in disruptive DeepSeek
SAP said on Tuesday that the prospect of cheaper and more energy-efficient artificial intelligence models, presaged by ...
8d
on MSN
Future of CHIPS Act under Trump admin in question
President Donald Trump previously criticized the CHIPS and Science Act, leading to speculation over whether the law could be ...
tom's Hardware on MSN
12d
China investigates whether CHIPS and Science Act harms its chip companies
The Chinese Ministry of Commerce alleges that U.S. subsidies to semiconductor industry harm government-funded Chinese ...
1d
on MSN
What to Know About DeepSeek, the Chinese AI Company Causing Stock Market Chaos
Some AI researchers hailed DeepSeek’s R1 as a breakthrough on the same level as DeepMind’s AlphaZero, a 2017 model that ...
1d
on MSN
Trump crypto czar praises ending of Biden-era executive order that 'hamstrung' American AI companies
David Sacks, Trump's crypto czar, said former President Biden's executive order on Artificial Intelligence has hamstrung ...
1d
on MSN
Trump Vows To Put Tariffs On Computer Chips, Drugs, Steel And Aluminum
If he follows through, it could raise prices on many day-to-day items as economists are almost unanimous that tariffs are ...
eWeek
13d
Tech Companies Push Back on U.S. Restrictions on Chip Exports as “Misguided”
Explore the implications of President Biden's proposed restrictions on advanced computer chip exports, aimed at preserving ...
12d
China to probe US exports of legacy chips as Biden administration rushes to offload tech containment curbs
The Chinese Ministry of Commerce (MOFCOM) said on Thursday that it has received reports from domestic companies of concerns ...
1d
on MSN
What is DeepSeek, the Chinese AI company upending the stock market?
The startup DeepSeek was founded in 2023 in Hangzhou, China and released its first AI large language model later that year.
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