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Founded Date 1955-02-24
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Chinese Chatbot Brought down the United States Stock Market
The Chinese chatbot DeepSeek destroyed the US stock market, bringing down the capitalization of American business by a trillion dollars. This is reported by the world media.
Chinese AI DeepSeek surpassed ChatGPT and reduced global stock exchange, writes, in specific, Reuters.
The look on the market of the Chinese chatbot DeepSeek-R1 following the results of one exchange day, on January 27, cost the American microchip producer Nvidia practically $ 600 billion in market value, the BBC reports.
According to information published in a variety of other media outlets, the staying innovation giants associated with the advancement of synthetic intelligence have actually lost many tens of billions of dollars more. In particular, Broadcom lost 17.4%, or about $ 200 billion. Microsoft’s stock price fell by 2.14% (about $ 70 billion) throughout the day, and the shares of Google’s owner, Alphabet, decreased by 4% ($95 billion).
The overall index of American technology companies Nasdaq-100 fell by 3%.
American companies have actually invested and plan to invest numerous billions of dollars in the development of expert system systems. While the Chinese business DeepSeek it cost $ 5.6 million.