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Trump: DeepSeek’s AI should be a ‘wakeup call’ to US industry
Date: January 28, 2025Source: The IndependentUS President Donald Trump has warned that the new Chinese AI startup DeepSeek's technology should serve as a 'wake-up call' for the American tech industry. The latest large language model from DeepSeek has been described as a 'Sputnik moment' for Silicon Valley.Link: https://www.independent.co.uk/news/world/americas/us-politics/donald-trump-deepseek-ai-china-b2687418.htmlNasdaq futures tumble over 3% as China’s AI push rattles Big Tech
Date: January 27, 2025Source: Economic TimesNasdaq futures tumbled over 3% as China's AI push rattled Big Tech. Nvidia, the poster child of AI, dropped 6.9% in premarket trading, while other chipmakers like AMD and Micron Technology fell 3.7% and 6.4%, respectively. Chinese startup DeepSeek rolled out a free AI assistant using lower-cost chips and less data, challenging the bet that AI will drive demand along a supply chain from chipmakers to data centers.Link: https://economictimes.indiatimes.com/markets/stocks/news/nasdaq-futures-tumble-over-3-as-chinas-ai-push-rattles-big-tech/articleshow/117601077.cmsDeepSeek sparks AI stock selloff; Nvidia posts record market-cap loss
Date: January 28, 2025Source: ReutersGlobal investors dumped tech stocks on Monday amid concerns over the emergence of a low-cost Chinese artificial intelligence model threatening the dominance of AI leaders like Nvidia. The chipmaker lost $593 billion in market value, marking the largest one-day loss for any company on Wall Street. The tech-heavy Nasdaq fell 3.1%, with Nvidia shares tumbling nearly 17%, registering a record one-day loss in market capitalisation.Link: https://kathmandupost.com/world/2025/01/28/deepseek-sparks-ai-stock-selloff-nvidia-posts-record-market-cap-lossTech stocks tank as a Chinese competitor threatens to upend the AI frenzy; Nvidia sinks nearly 17%
Date: January 27, 2025Source: InvestopediaShares of Nvidia tumbled after the release of a sophisticated AI model from a Chinese startup, DeepSeek, which rivals U.S. tech giants' models despite using fewer, less powerful chips. This has led investors to question the necessity of massive AI spending by U.S. tech companies, causing a sell-off in Nvidia stock and other high-flying AI stocks.Link: https://www.investopedia.com/why-nvidia-stock-is-plummeting-today-deepseek-ai-wall-street-8780814What is DeepSeek, the Chinese AI company upending the stock market?
Date: January 27, 2025Source: PBS NewsHourDeepSeek, a Chinese AI startup founded in 2023, has released an AI large language model that has become the No. 1 downloaded free app on Apple's iPhone store. The company's AI assistant is a ChatGPT competitor, sparking debates over economic and geopolitical competition between the U.S. and China in AI technology. U.S. tech industry observers are concerned that DeepSeek has caught up with American companies at a fraction of the cost, questioning the huge investments in data centers and computer chips by U.S. tech companies.Link: https://www.pbs.org/newshour/science/what-is-deepseek-heres-a-quick-guide-to-the-chinese-ai-companyDeepSeek hit by cyberattack as users flock to Chinese AI startup
Date: January 27, 2025Source: ReutersDeepSeek suffered a cyberattack, causing it to temporarily limit registrations. The Chinese startup claims it uses cheaper chips and less data, challenging the idea that advanced semiconductors, like those made by Nvidia, are needed to run AI applications.Link: https://www.youtube.com/watch?v=DeLoc9hgnPAOil hits 2-week low as China’s DeepSeek AI spurs demand fears
Date: January 28, 2025Source: Business TodayOil prices slid to a two-week low on Monday, falling about 2%, as the rise of Chinese AI startup DeepSeek's low-cost model stoked fears of reduced energy demand. The breakthrough by DeepSeek in producing artificial intelligence technology at a lower cost has raised concerns that a U.S. electricity boom could be stymied.Link: https://www.businesstoday.com.my/2025/01/28/oil-prices-hit-two-week-low-as-chinas-deepseek-raises-demand-concerns/European tech shares tumble as China’s AI push spooks investors
Date: January 27, 2025Source: The Jakarta PostEuropean tech shares fell significantly as investors were spooked by China's upgraded low-cost, low-power AI model. The news led to a 5.8% drop in the European tech index, with chip equipment maker ASML sliding 11.5% and Siemens Energy sinking 17.4%. The move was attributed to concerns over the profits of rivals and the need for costly chips.Link: https://www.thejakartapost.com/business/2025/01/27/european-tech-shares-tumble-as-chinas-ai-push-spooks-investors.htmlAuschwitz anniversary and China AI ‘tumbles’ US tech
Date: January 27, 2025Source: BBC.comChina's new AI model DeepSeek is causing a stir in the tech world, with its low development costs and impressive performance. The model, which rivals OpenAI's ChatGPT, has sent US tech stocks tumbling. The article also commemorates the 80th anniversary of Auschwitz.Link: https://www.bbc.com/newsFrench AI chatbot taken offline after wild answers led to online ridicule
Date: January 27, 2025Source: CNNA French-language AI chatbot named Lucie, backed by the French government, was taken offline after providing nonsensical answers to simple mathematical equations and recommending eating cow's eggs. The chatbot was launched prematurely and its limitations were not clearly communicated to users. The Linagora Group, which developed Lucie, plans to update the model and test a beta version before a public relaunch.Link: https://ktvz.com/money/cnn-business-consumer/2025/01/27/french-ai-chatbot-taken-offline-after-wild-answers-led-to-online-ridicule/A shocking Chinese AI advancement called DeepSeek is sending US stocks plunging
Date: January 27, 2025Source: CNBCChinese AI startup DeepSeek is sending tech stocks plunging as the market digests what its cheaper and more efficient model means for the AI trade. DeepSeek claims it spent only $5.6 million to train its V3 model, compared to the billions spent by Microsoft and Alphabet. The model's efficiency and cost-effectiveness have opened eyes to significant algorithmic advances in China, particularly with the mixture of expert architecture. This breakthrough has implications for the global AI race, with potential economic gains and efficiency improvements in corporations and daily life.Link: https://www.youtube.com/watch?v=FJvSFTMNTu4Citește și articolul: AI News Briefs #28 by Alexandru Dan
