Nvidia, Microsoft shares tumble as China-based AI app DeepSeek hammers tech giants
DeepSeek deals blow to Nvidia with its cheap, revolutionary AI model, and shares fall 13%.
[Financial Times] NVIDIA on course to lose more than $300bn of market value, the biggest recorded drop for any company. This comes after Chinese artificial intelligence start-up, DeepSeek, claims to use far fewer Nvidia chips than its US rivals, OpenAI and Meta.
