Low-cost China AI model shakes global markets
Global markets experienced significant turmoil after Chinese AI startup DeepSeek released a new low-cost AI model, leading to substantial losses for tech giants like Nvidia. The sensex also dropped 824 points, affected by foreign fund selling and global concerns over DeepSeek's superior AI performance and its potential impact on high-cost AI-chip manufacturers.
Global markets experienced significant turmoil after Chinese AI startup DeepSeek released a new low-cost AI model, leading to substantial losses for tech giants like Nvidia. The sensex also dropped 824 points, affected by foreign fund selling and global concerns over DeepSeek's superior AI performance and its potential impact on high-cost AI-chip manufacturers.
