Nasdaq, S&P tumble as China’s DeepSeek AI model rattles Big Tech

January 27, 2025 admin

Deepseek logo. | Photo Credit: Reuters The S&P 500 and the Nasdaq dropped on Monday (January 27, 2025), as the surging popularity of a low-cost Chinese artificial intelligence model knocked shares of chipmaker Nvidia and other companies benefiting from investments into the technology. Chinese startup DeepSeek has rolled out a free assistant it says uses…

Business

What is DeepSeek and why is it disrupting the AI sector?

January 27, 2025 admin

Deepseek logo is seen in this illustration taken January 27, 2025. | Photo Credit: Reuters Chinese startup DeepSeek’s launch of its latest AI models, which it says are on a par or better than industry-leading models in the United States at a fraction of the cost, is threatening to upset the technology world order. The…

Business