Nvidia Loses $500 bn in Value as Chinese AI Firm Jolts Tech Shares

This is Beirut, 27/01 20:05 - Reading : 4 minute(s)

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US chip-maker Nvidia led a rout in tech stocks Monday after the emergence of a low-cost Chinese generative AI model that could threaten US dominance in the fast-growing industry. The chatbot developed by DeepSeek, a startup based in the eastern Chinese city of Hangzhou, has apparently shown the ability to match the capacity of US AI pace-setters ...