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Founded Date June 4, 1922
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Chinese Chatbot Brought down the United States Stock Market
The Chinese chatbot DeepSeek demolished the US stock market, reducing the capitalization of American business by a trillion dollars. This is reported by the world media.
Chinese AI ChatGPT and lowered global stock exchange, writes, in specific, Reuters.
The appearance on the market of the Chinese chatbot DeepSeek-R1 following the results of one exchange day, on January 27, cost the American microchip producer Nvidia nearly $ 600 billion in market worth, the BBC reports.
According to information released in a variety of other media outlets, the remaining innovation giants related to the advancement of synthetic intelligence have lost numerous tens of billions of dollars more. In specific, Broadcom lost 17.4%, or about $ 200 billion. Microsoft’s stock price fell by 2.14% (about $ 70 billion) throughout the day, and the shares of Google’s owner, Alphabet, decreased by 4% ($95 billion).
The total index of American innovation companies Nasdaq-100 fell by nearly 3%.
American companies have actually invested and plan to invest hundreds of billions of dollars in the development of expert system systems. While the Chinese business DeepSeek it cost $ 5.6 million.