CNBC: ‘Nvidia Drops 17 Percent as China’s Cheaper AI Model DeepSeek Sparks Global Tech Sell-Off’

from blog Daring Fireball, | ↗ original
Jenni Reid and Alex Harring, reporting for CNBC: Nvidia and other U.S. technology firms plunged on Monday, part of a global sell-off as Chinese startup DeepSeek sparked concerns over competitiveness in artificial intelligence and America’s leadership in the sector. Nvidia, the chip designer who has been a major beneficiary of the AI hype, last...