How Chinese AI startup Deepseek hurt Nvidia's dominance

Nvidia is on track for the biggest one day loss of any company in history, as Chinese artificial intelligence (AI) startup Deepseek shakes up global tech markets. Chinese AI startup DeepSeek rapidly gained global attention over the weekend as its seemingly impressive – and cheaper – new AI model sparked a sell off in shares for its global competitors. The tech firm launched its flagship AI chatbot in January, which is capable of delivering high performance while using less advanced hardware. Read more of the story here 👇 https://www.cityam.com/what-is-chinese-ai-startup-deepseek/ Get more of City AM 👇 🌐 http://www.cityam.com X(formerly Twitter): http://twitter.com/CityAM Facebook: http://www.facebook.com/cityam Instagram: http://www.instagram.com/city_am LinkedIn: www.linkedin.com/company/cityam Produced by: Emmanuel Nwosu, Joseph Curay Teneda, Saskia Koopman #deepseek #nvidia #chatgpt #ai #artificialintelligence #chatbot #tech #technology #news #stocks #stockmarket #startup #china