2 months, 2 weeks ago
What is DeepSeek and why did US tech stocks drop?
Chinese Artificial Intelligence company DeepSeek has become one fo the most downloaded free apps on the Apple App Store following its release this month in the United States. Reports suggest that it took only $6 million to build the app, much less than the money spent by other AI companies in the US. After the news of DeepSeek’s performance spread widely, hundreds of billions of dollars were wiped off big tech stocks. On Monday, Nvidia nearly lost $600 billion in market value, the largest one-day drop for any company in US history.






























Discover Related

5 days, 18 hours ago
US stock market sinks lower after wild swings over Trump’s tariff plans

6 days, 6 hours ago
At Startup Mahakumbh, 3,000 vied for funding—but few will make the cut

6 days, 7 hours ago
Forget ChatGPT? China’s DeepSeek is working on smarter, self-improving AI models

Trending
1 week, 2 days ago
IT stocks bleed as stock market crashes. Why TCS, Infosys, Wipro shares are down?

Trending
1 week, 2 days ago
Trump confident in TikTok sale as US ban deadline approaches

1 week, 3 days ago
Washington nears TikTok deal: US firms looking to seize control from China

Top News
1 week, 3 days ago
Amazon buying TikTok? Jeff Bezos-led org battles THESE bidders for Chinese app

1 week, 4 days ago
Alibaba prepares for flagship AI model release as soon as April: Report

1 week, 5 days ago
Nifty IT declines for 3rd month despite market rebound; Infosys top laggard

1 week, 5 days ago
Infosys, TCS, HCLTech: Why are IT stocks down today?

1 week, 6 days ago
Blackstone mulls small stake in U.S. TikTok spinoff

Trending
2 weeks, 4 days ago
China floods the world with new low-cost AI models after DeepSeek’s success, undercutting OpenAI, Google, and others

2 weeks, 4 days ago
European investors say clock is ticking for AI adopters to deliver

Trending
2 weeks, 4 days ago
DeepSeek rolls out V3 AI model updates in race against OpenAI. What's New?

2 weeks, 6 days ago
AI startup Perplexity confirms interest to buy TikTok

3 weeks, 1 day ago
AI startup Perplexity confirms interest to buy TikTok

3 weeks, 2 days ago
Beijing boosts AI startup Manus, as China looks for the next DeepSeek

3 weeks, 3 days ago
Tariffs only accelerate China's self-reliance in high-tech sector

3 weeks, 5 days ago
China's DeepSeek AI Banned By US Commerce On Govt Devices: Here's Why

3 weeks, 5 days ago
Nvidia's Jensen Huang to unveil cutting-edge AI and quantum computing processors

3 weeks, 6 days ago
Why DeepSeek has banned its employees from leaving China

3 weeks, 6 days ago
Why DeepSeek has banned its employees from leaving China

3 weeks, 6 days ago
China's Baidu launches two new AI models as industry competition heats up

4 weeks, 1 day ago