Tech stocks tank as a Chinese competitor threatens to upend the AI frenzy; Nvidia sinks nearly 17%
Wall Street’s superstars tumbled as a competitor from China threatens to upend the artificial-intelligence frenzy they’ve been feasting on. The S&P 500 fell 1.5% Monday.
What is DeepSeek, the Chinese AI startup shaking up tech stocks and spooking investors?
Chinese tech startup DeepSeek released a model of its AI service that seemingly is on-par with U.S.-based competitors like ChatGPT, but required far-less computing power.
Chinese AI DeepSeek’s rout of tech stocks may benefit mortgage rates
The tech-heavy Nasdaq composite closed down nearly 3% on Monday, with shares of AI-focused chipmaker Nvidia plunging 17% and shaving nearly $590 billion from the company’s market cap.
Nvidia plunges 18% and tech stocks slide as China's DeepSeek spooks investors
DeepSeek topped the Apple App Store chart and sparked fears the Chinese company was quickly catching up with OpenAI's ChatGPT while costing far less.
DeepSeek Rattles Tech Stocks: Chinese Startup’s Rise Against OpenAI Challenges U.S. AI Lead
Chinese startup DeepSeek’s app has climbed to the top of the iPhone charts as its newest AI assistant showed competitive performance against rivals like OpenAI and Meta.
Nightmare on Wall Street as tech stocks lose $1T over Chinese AI startup DeepSeek
DeepSeek was reportedly developed in just two months at a cost of under $6 million — a stark contrast to the billions typically spent by US giants.
What is DeepSeek, the Chinese AI company upending the stock market?
A frenzy over an AI chatbot made by Chinese startup DeepSeek was upending stock markets Monday. But what is DeepSeek and how is it different from competitors such as OpenAI?
Why Chinese AI company DeepSeek's new tech is rattling investors
Tech stocks on Wall Street took a tumble on Monday after Chinese artificial intelligence startup DeepSeek released a free AI chatbot and their app climbed to the top of app stores. CBS News MoneyWatch correspondent Kelly O'Grady explains why the company is causing a stir.
Tech stocks fall as China's DeepSeek sparks U.S. worries about the AI race
DeepSeek released an open-source artificial intelligence model in December, saying it took only two months and less than $6 ...
DeepSeek Panic Live Updates: Nvidia Stock Drops 4%—As Trump Reportedly Mulls China Chip Sale Restrictions
Nvidia shares' 9% recovery Tuesday was the second-best day in terms of market cap added for any company ever—but the company ...
China's AI drive hammers tech stocks
By Lawrence Delevingne, Samuel Indyk and Tom Westbrook BOSTON/LONDON/SINGAPORE (Reuters) -U.S. stock futures steadied, the ...
Global Tech Stocks Plunge as China’s DeepSeek Undercuts Rivals
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers ...
'China is hard at work': Why tech stocks are down
The Big Money Show' co-host Jackie DeAngelis explains why tech stocks are declining as Chinese A.I. gains popularity on ...
Chip Stocks Tumble After China’s DeepSeek AI Models Raise Doubts Over U.S. Tech Dominance
Global chip stocks slumped Monday on DeepSeek revealing it had developed AI models that nearly matched American rivals ...
Tech stocks tumble as a Chinese competitor threatens to upend the AI industry; Nvidia down 16%
NEW YORK (AP) — Wall Street is tumbling on fears the big U.S. companies that have feasted on the artificial-intelligence ...
DeepSeek founder called China’s ‘AI hero’ after US stock market tanks
DeepSeek founder is now considered an 'AI hero' in China, following the recent announcements made by the company that changed ...