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ChatGPT rival had been building for days.

DeepSeek. As DeepSeek’s innovative approach disrupts the AI market and garners praise from even OpenAI’s CEO, Sam Altman, netizens debate about India’s readiness to claim a significant position in this rapidly evolving sector. While India has made strides in technology, many believe structural issues in education, funding, and risk-taking hold the country back from developing groundbreaking AI systems.

Nvidia said DeepSeek and its large language models (LLMs) are an «excellent advancement» in artificial intelligence (AI) space, even as the rise of the China startup wiped nearly $600 billion in market capitalisation for the company.

Anant Raj slumped as low as 19.75% to an intraday low of Rs 536.05 on the BSE on Tuesday, January 28 amid a global sell-off being witnessed in technology stocks amid fears of the emergence of a low-cost Chinese artificial intelligence model. Anant Raj, primarily a player in the real estate market, has also diversified into data center services through its subsidiary, Anant Raj Cloud, offering secure, reliable, and scalable solutions tailored to various business needs.

Asian shares are trading mixed after Wall Street’s tech superstars tumbled as a competitor from China raised doubts over the recent artificial-intelligence market frenzy

Subscribe to enjoy similar stories. In a flash, euphoria over artificial intelligence (AI) has turned to panic. Since early trading began on January 27th the market value of Nvidia, an AI chipmaking champion, has slumped by 17% at the time of writing.

AI leader Nvidia sank 17%, and it erased about $593 billion in stock market value, the deepest ever one-day loss for a company on Wall Street, according to LSEG data. It was more than double the previous one-day record loss, set by Nvidia last September.

Nvidia on Monday said Chinese AI firm DeepSeek's advances show the usefulness of its chips for the Chinese market and that more of its chips will be needed in the future to meet demand for DeepSeek's services. Nvidia issued a statement on Monday after its shares tumbled 17% to $118.58 on investor concerns that DeepSeek had matched rivals such as OpenAI using far fewer Nvidia chips than U.S. firms. Nvidia rival Advanced Micro Devices' shares also slid more than 6% to $115.01. «DeepSeek's work illustrates how new models can be created using that technique, leveraging widely-available models and compute that is fully export control compliant,» Nvidia said in its statement. One of DeepSeek's research papers showed that it had used about 2,000 of Nvidia's H800 chips, which were designed to comply with U.S. export controls released in 2022, rules that experts told Reuters would barely slow China's AI progress.

A selloff was triggered after a cheap AI model from Chinese startup DeepSeek climbed to the top of Apple’s appstore, sparking concerns that valuations of the technology may be tough to justify. Japanese stocks fell, with chip-related shares extending Monday’s declines. That was after the S&P 500 dropped 1.5% and the Nasdaq 100 sank 3%. Nvidia Corp., the poster child of the AI boom, suffered the biggest market-cap loss for a single stock in market history.

Nvidia shares tumbled 17% Monday, the biggest drop since March 2020, erasing $589 billion from the company’s market capitalization. That eclipsed the previous record — a 9% drop in September that wiped out about $279 billion in value — and was the biggest in US stock-market history.

DeepSeek launched a free AI assistant that it says uses less data at a fraction of the cost of incumbent services. By Monday, the assistant had overtaken U.S. rival ChatGPT in downloads from Apple's app store. This led the tech-heavy Nasdaq to fall 3.1% on Monday. Nvidia was the Nasdaq's biggest drag, with its shares tumbling just under 17% and marking a record one-day loss in market capitalization for a Wall Street stock, according to LSEG data. Nvidia's market-cap loss on Monday was more than double the previous one-day record, set by Nvidia last September.

A frenzy over an artificial intelligence chatbot made by Chinese tech startup DeepSeek was upending stock markets Monday and fueling debates over the economic and geopolitical competition between the U.S. and China in developing AI technology

Nvidia share price on Monday crashed more than 15 percent in midday deals on Wall Street. The US-Chipmaker, whose semiconductors power the AI industry, erased more than $500 billion of its market value.

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Wall Street is tumbling Monday on fears that the market’s winners who have feasted on the artificial-intelligence frenzy are under threat from a competitor in China that can do similar things for much cheaper.

DeepSeek, a Chinese AI startup that’s just over a year old, has stirred awe and consternation in Silicon Valley after demonstrating breakthrough artificial intelligence models that offer comparable performance to the world’s best chatbots at seemingly a fraction of the cost.

Nvidia Corp. and ASML Holding NV shares plunged early Monday as Chinese artificial intelligence startup DeepSeek appeared to provide comparable performance to Western chatbots at a fraction of the price.

Investors dumped technology stocks in premarket trading Monday, sending U.S. indexes sharply lower after Chinese artificial intelligence startup DeepSeek demonstrated a chatbot that it says rivals the top versions from OpenAI and Google for a fraction ...

Nvidia, Oracle and other Artificial Intelligence firms are experiencing an unexpected jolt Chinese startup DeepSeek's AI Assistant on Monday became the top-rated free application available on Apple's App Store in the United States overtaking rival ChatGPT, according to reports.

Subscribe to enjoy similar stories. DeepSeek said training one of its latest models cost $5.6 million, compared with the $100 million to $1 billion range cited last year by U.S. rival Anthropic.

Subscribe to enjoy similar stories. DeepSeek, an AI startup just over a year old, stirred awe and consternation in Silicon Valley with its breakthrough artificial intelligence (AI) model that offered comparable performance to the world’s best chatbots at seemingly a fraction of the cost. Created in China’s Hangzhou, DeepSeek carries far-reaching implications for the global tech industry and supply chain, offering a counterpoint to the widespread belief that the future of AI will require ever-increasing amounts of power and energy to develop.