Trump says DeepSeek a 'wake-up call' for US tech firms

Quick Summary:

DeepSeek's claim that it model was made at a fraction of the cost of its rivals has shaken up the AI industry.

Shares in major tech firms like Nvidia fell sharply, with the chip giant losing more than $500bn (£400bn) in market value.

To continue their work without steady supplies of imported advanced chips, Chinese AI developers have shared their work with each other and experimented with new approaches to the technology.

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Category: Business

Markets: United KingdomAustraliaChinaCubaJapanOman

Topics: Deepseek Firms Chinese Company Industry President China Technology Tech Model

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-28 @ 05:38:03 (2 days ago)

News Timezone: GMT +0:00

News Source URL: bbc.com

Language: English

Article Length: 812 words

Reading Time: 5 minutes read

Sentences: 44 lines

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