Chinese AI app DeepSeek compels US tech giant Nvidia lost over a sixth of its value in stock market

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Chinese AI app DeepSeek compels US tech giant Nvidia lost over a sixth of its value in stock market
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Washington: US tech giant Nvidia lost over a sixth of its value after the surging popularity of a Chinese artificial intelligence app spooked investors in the US and Europe.

President Donald Trump, in one of his first announcements since returning to office, called it “the largest AI infrastructure project by far in history” that would help keep “the future of technology” in the US. To continue their work without steady supplies of imported advanced chips, Chinese AI developers have shared their work with each other and experimented with new approaches to the technology.It also means that they cost a lot less than previously thought possible, which has the potential to upend the industry.

“This idea of a low-cost Chinese version hasn’t necessarily been forefront, so it’s taken the market a little bit by surprise,” said Fiona Cincotta, senior market analyst at City Index.

ہم نے اس خبر کا خلاصہ کیا ہے تاکہ آپ اسے جلدی سے پڑھ سکیں۔ اگر آپ خبر میں دلچسپی رکھتے ہیں تو آپ مکمل متن یہاں پڑھ سکتے ہیں۔ مزید پڑھ:

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