Tesla stock dropped in the DeepSeek sell off, but nothing like Nvidia stock. Deutsche Bank, however, believes investors should consider what Chinese AI means for self-driving cars too.
Key tech stocks were a mixed bag in early trading Thursday after executives at Meta and Microsoft said they plan to keep pouring billions of dollars into AI – despite lingering anxiety over the
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While new developments from Chinese AI startup DeepSeek sparked a tech rout, a renewed market focus on AI and its permutations may be good news for Tesla.
DeepSeek’s cost-efficient AI training advancements rocked tech markets on Monday and came in just in time to give U.S. tech investors a reason to pay close attention to earnings season. Tech earnings will kick off on Wednesday,
DeepSeek was reportedly developed in just two months at a cost of under $6 million — a stark contrast to the billions typically spent by US giants.
Nvidia shares' 9% recovery Tuesday was the second-best day in terms of market cap added for any company ever—but the company faced another selloff Wednesday.
The sudden emergence of China’s DeepSeek roiled the tech market just ahead of earnings season, when industry giants will update investors on their AI spending.
Markets are looking for assurances that DeepSeek hasn't completely disrupted the AI investment thesis. They may be disappointed.
China's DeepSeek took the world by storm this week by introducing an AI model that runs efficiently on older NVIDIA GPUs, using only a tiny fraction of the budget OpenAI, Meta, Tesla, Microsoft, and others have spent building their AI infrastructure. It has raised serious questions about future spending for AI build-outs.
DeepSeek is a Chinese AI firm specializing in large language models (LLMs). Founded in 2023 by Liang Wenfeng, a co-founder of hedge fund High-Flyer, the company develops open-source AI models.