Why the markets are freaking out about Chinese AI newcomer DeepSeek

Ars Technica
By Tim Bradshaw, George Steer, Michael Acton,…Jan 28, 2025, 9:22 am139 pts
A Chinese company’s claim of a $5.6 million artificial intelligence breakthrough wiped almost $600 billion from Nvidia’s market value on Monday, shattering Wall Street’s confidence that tech companies’ AI spending spree will continue and dealing an apparent blow to US tech leadership. Yet many in…

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