“Nvidia plummets 11% to lead global tech sell-off as China’s DeepSeek raises questions about AI chip spending”
January 27, 2025
“U.S. technology firms like Nvidia plunged, as Chinese startup DeepSeek sparked concerns over competitiveness in AI and America’s lead in the sector, triggering a global sell-off.
DeepSeek launched a free, open-source large language model in late December, claiming it was developed in just two months at a cost of under $6 million.
These developments have bolstered questions about the large amounts of money big tech companies have been investing in artificial intelligence models and data centers…”