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Nvidia Dismisses China AI Threat, Says DeepSeek Still Needs Its Chips
Nvidia has responded to the market panic over Chinese AI group DeepSeek, arguing that the startup's breakthrough still requires "significant numbers of NVIDIA GPUs" for its operation. The US chipmaker, which saw more than $600 billion wiped from its market value on Monday, characterized DeepSeek's a...
The US chipmaker, which saw more than $600 billion wiped from its market value on Monday, characterized DeepSeek's advancement as "excellent" but asserted that the technology remains dependent on its hardware. The company's attempt to calm market fears follows warnings from analysts about potential threats to US dominance in AI technology. The shares stabilized somewhat in afternoon trading but remained on track for their worst session since March 2020, when pandemic fears roiled markets.
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