· Updated January 31, 2025 2:01 PM · 3 min read read
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A low-cost Chinese artificial intelligence model hampered the American stock market this week.
DeepSeek launched its free artificial intelligence assistant and the company said it could use less data and cost less money than American AI leaders. Notably, this caused Nvidia to lose a record-breaking $593 billion in market value on January 27, according to Reuters. Nvidia is a tech company known for its graphics processing units (known as GPUs) used in gaming, Artificial Intelligence, and data ce
A low-cost Chinese artificial intelligence model hampered the American stock market this week.
DeepSeek launched its free artificial intelligence assistant and the company said it could use less data and cost less money than American AI leaders. Notably, this caused Nvidia to lose a record-breaking $593 billion in market value on January 27, according to Reuters. Nvidia is a tech company known for its graphics processing units (known as GPUs) used in gaming, Artificial Intelligence, and data ce…