Us stock market: In a dramaatic turn of events, chipmaker nvidia experienced the largest single-day loss in us stock market history on Monday (January 27). This came just a week after it was haled as the most Valuable Publicly Traded Company. The Tech Giant Saw Its Market Value Plummet by a Staggering $ 600 Billion. As per reports, this steep drop was triggered by the Sudden Rise of a New Competitor in the Artificial Intelligence (AI) Sector, Deepsek-A China-Bosed AI Company THE SERSELY AIS Ivel to nvidia.
Deepsek, which has made headlines with its chatbot now available in both the apple and google app stores, have sparked concern amONMG Investors. As news of Deepsek’s entry into the market spores, many investors rushed to sell off their nvidia stocks, Signalling Growing Anxiety Over the New Competition.
Industry Reports Reveal that Deepsek’s Ai Model is not only cheaper than nvidia’s, but it is also emerging as a serial competitor to establesed ai systems, Including Chhattisgarh. While Nvidia has spent over $ 30 billion over the past Decade Developing Its Specialized Chips for AI Data Processing, Deepseek Claims to have developed its ai model for $ 6 Million. This stark differentce in investment has caused waves in the tech industry, raising questions about nvidia’s future dominance in ai technology.
Nvidia, which has powered AI data with its high-end, AI-specific graphics processing units (GPUs), now faces competition from DeepSeek, whose more affordable AI model is quickly gaining attention. Major companies such as meta and amazon relay on nvidia’s gpus to train their own ai models. However, with Deepseek’s Affordable Technology Threatening to disrupt the market, Nvidia’s Once Unassible Position in the Ai Space is NOW Under Serious Challenge.
What is Deepsek?
Deepsek’s AI Assistant Secame The No.1 Downloaded Free App On Apple’s iPhone Store Monday, Propelled by Curiosity About The Chatgpt Competitor. Part of what’s worrying some us tech industry observers is the idea that the chinese startup has causedt up with the American companies at the forefront of generative a friction of the cost. The Startup Deepsek was founded in 2023 in Hangzhou, China and released its first ai large language model later that year.
Its Ceo Liang Wenfeng Previous Co-Founded One of China’s Top Hedge Funds, High-Flyer, Which Focuses on Ai-Driven Quantitative Trading. Deepsek began attraction more attation in the ai industry last month when it is released a new ai model Ive in its use of expensive nvidia chips to Train the system on huge troves of data. The chatbot is more widely accessible when it appeared on apple and google app stores early this year.
Also read: Nvidia overtakes apple, become world’s most valuable company
