RE: This may be the reason for our blip today27 Jan 2025 17:47
Has very little relevance to A.I medical stocks in my view
This is more to do with a quiet Monday and a storm in tea cup headline grab after an explosive start to 2025 for US tech stocks
Shares in major US technology firms have fallen steeply in value after the sudden emergence of a low-cost chatbot built by a Chinese artificial intelligence (AI) firm
The DeepSeek app, which was launched last week, has overtaken rivals including ChatGPT to become the most downloaded free app in the US
Shortly after US markets opened, DeepSeek says it was hit with a "large-scale malicious attack"
Earlier, shares in chip giant Nvidia fell 15%, wiping off hundreds of billions in the company's market value
Deepseek was reportedly developed for a fraction of the cost of its rivals, raising questions about the future of America's AI dominance and the scale of investments US firms are planning
Live Reporting
Edited by Brandon Livesay in New