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Japanese tech firms sank Tuesday following a rout on Wall Street after China’s DeepSeek chatbot upended the artificial intelligence sector and sparked questions about huge investments by US titans.The dollar rallied on a report saying Washington was considering universal tariffs on a range of goods, fanning fresh fears about a trade war. Other Asian equity indices …

AI fears weigh on tech stocks, as tariff talk boosts dollar Read More »

Chinese startup DeepSeek, which has sparked panic on Wall Street with its powerful new chatbot developed at a fraction of the cost of its competitors, was founded by a hedgefund whizz-kid who believes AI can change the world.Based out of the eastern Chinese city of Hangzhou — sometimes known as “China’s Silicon Valley” — DeepSeek …

DeepSeek, Chinese AI startup roiling US tech giants Read More »

Having shattered assumptions in the tech sector and beyond about the cost of artificial intelligence, Chinese startup DeepSeek’s new chatbot is now roiling another industry: energy companies.The firm says it developed its open-source R1 model using around 2,000 Nvidia chips, just a fraction of the computing power generally thought necessary to train similar programmes.That has …

DeepSeek breakthrough raises AI energy questions Read More »

Fears of upheaval in the AI gold rush rocked Wall Street on Monday following the emergence of a popular ChatGPT-like model from China, with US President Donald Trump saying it was a “wake-up call” for Silicon Valley.Last week’s release of the latest DeepSeek model initially received limited attention, overshadowed by the inauguration of Trump on …

Trump warns of ‘wake-up call’ as low-cost Chinese AI jolts sector Read More »

Japanese tech firms sank Tuesday following a rout on Wall Street after China’s DeepSeek chatbot upended the artificial intelligence sector and sparked questions about huge investments by US titans.The dollar rallied on a report saying Washington was considering universal tariffs on a range of goods, fanning fresh fears about a trade war.Tokyo-listed companies linked to …

Japanese tech stocks hit by AI fears, dollar boosted by tariff talk Read More »