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Day: January 27, 2025

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DeepSeek’s rise triggers Nvidia’s biggest-ever $465 billion market crash

The steep decline follows the rise of DeepSeek, a Chinese AI company whose low-cost, open-source AI model has sparked fears of an industry-wide shift. DeepSeek’s latest offering, released last week, has drawn comparisons to products from OpenAI and Meta Platforms Inc., delivering competitive performance at a fraction of the cost.