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 American dominance in the fast-growing industry.
A new and largely unknown Chinese AI system called DeepSeek has rocked the tech industry and global markets. Tech shares plunged and chip maker Nvidia suffered falls of nearly 17 per cent on Monday, ...
Despite DeepSeek’s negative impact on the industry, some tech stocks even saw gains. According to John Belton, portfolio manager at Gabelli Funds, the possibility that AI expenses could decrease and ...