Shockwaves in Tech Valley: How a Chinese AI Startup Jolts Silicon Giants
DeepSeek, a Chinese AI startup, unveiled a cost-effective AI tool, triggering a significant drop in tech stocks, including a 17% decline for Nvidia. The announcement caused concern about potential overspending by major tech companies like Meta, Google, and OpenAI, though doubts about DeepSeek’s claims arose. Bond markets reacted differently, with yields falling, resulting in lower … Read more