Rawxstudios
Overview
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Sectors Accounting / Finance
Company Description
Chinese Chatbot Brought down the uS Stock Exchange
The Chinese chatbot DeepSeek demolished the US stock exchange, bringing down the capitalization of American companies by a trillion dollars.
This is reported by the world media.
Chinese AI DeepSeek overtook ChatGPT and reduced global stock markets, composes, in particular, Reuters.
The appearance on the market of the Chinese chatbot DeepSeek-R1 following the outcomes of one exchange day, on January 27, cost the American microchip producer Nvidia practically $ 600 billion in market price, the BBC reports.
According to information released in a variety of other media outlets, the remaining technology giants related to the development of expert system have lost numerous 10s of billions of dollars more.
In specific, 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, went down by 4% ($95 billion).
The general index of American innovation business Nasdaq-100 fell by nearly 3%.
American business have actually and strategy to invest hundreds of billions of dollars in the advancement of artificial intelligence systems.
While the Chinese business DeepSeek it cost $ 5.6 million.
