China's DeepSeek fuels US stock market chaos: Tech stocks slump, NVIDIA plunges 17% - what we know so far

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Chinese AI startup DeepSeek has emerged as a strong competitor, causing a major sell-off in US tech stocks. Nvidia witnessed a dramatic 17.95% drop. DeepSeek’s R1 model, which matches US-developed AI systems at a lower cost, has raised investor concerns about the future of AI investments. Accusations of secret access to NVIDIA’s chips add to the controversy.

from World News Today, Trending World News, Latest International News, World Breaking News - Times of India https://ift.tt/wjinPeD
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