China's DeepSeek fuels US stock market chaos: Tech stocks slump, NVIDIA plunges 17% - what we know so far
Monday, 27 January 2025 () 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.
Former U.S. President Donald Trump has issued a stark warning about China's breakthrough in artificial intelligence with the launch of DeepSeek's R1 chatbot. Describing it as a "wake-up call" for American tech firms, Trump highlighted DeepSeek's ability to rival AI giants like ChatGPT and Google’s...
Donald Trump’s controversial proposal to relocate Palestinians from Gaza to Egypt and Jordan has drawn sharp criticism from the United Nations and Arab nations, who have labeled the plan as “ethnic..
In a bold move, U.S. President Donald Trump has announced plans to impose tariffs on China, India, and Brazil, accusing these nations of harming America's economy. Trump's "America First" approach..
Monday, 27 January 2025 ()
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