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