Trusted News Discovery Since 2008
{{/content}}
Nvidia loses nearly $600 billion in value as Chinese AI firm jolts tech shares
Credit: IndiaTimes- Published on January 28, 2025
In a significant shake-up of the tech industry, Nvidia's shares dropped by nearly 17% after a new Chinese generative AI model by DeepSeek emerged as a formidable competitor. The AI model, developed at a fraction of the cost, challenges US dominance in the AI sector, causing widespread market reactions.
Video credit: euronews (in English)
Published 3 weeks ago - 01:12
Chinese startup DeepSeek rattles global markets as Nvidia shares plunge
The unveiling of Chinese AI startup DeepSeek's latest AI model, which outperforms its US rivals, caused a sharp decline in the value of US and Europe's tech stocks.
You are here
Related videos from verified sources
JD Vance to EU: Deregulate AI or the US Will Lead, Slams Europe’s Overregulation of Tech 03:04

Credit: Oneindia - Published 1 week ago
Trump’s Big Warning About China’s DeepSeek AI| What Is It And Why Is It a Threat? | Details 03:30
Credit: Oneindia - Published 3 weeks ago
Trump Vs Zelensky Now? U.S. Suspends Ukrainian Refugee Program Amid Major Immigration Crackdown 03:46
Credit: Oneindia - Published 3 weeks ago