Nvidia drops 17% as China's cheaper AI model DeepSeek sparks global tech sell-off

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  DeepSeek’s New AI Model Sparks Shock, Awe, and Questions From US Competitors

  Some worry the Chinese startup’s impressive tech indicates the US is losing its lead in AI, but it may really be a sign that a new approach to building models is gaining traction.
  
  Wired - 13h

• Nvidia calls China’s DeepSeek R1 model ‘an excellent AI advancement’

  Nvidia called DeepSeek's R1 model "an excellent AI advancement," despite the Chinese startup's emergence causing the chipmaker's stock price to plunge 17%.
  
  CNBC - 11h
• 

  OpenAI’s Altman vows ‘better models’ as China’s DeepSeek disrupts global race

  Executives and investors question valuations and whether vast capital outlays are needed after all
  
  Financial Times - 19h
• 

  Tech stocks slump as China’s DeepSeek stokes fears over AI spending

  Nvidia loses almost $600bn in market value on worries US groups are facing a ‘Sputnik moment’
  
  Financial Times - 1d

• How the buzz around Chinese AI model DeepSeek sparked a massive Nasdaq sell-off

  DeepSeek's emergence is shaking up investor confidence of the AI story that has been lifting the U.S. bull market in the past two years.
  
  CNBC - 1d
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  Nvidia, Microsoft shares tumble amid rise of China-based AI DeepSeek

  DeepSeek chatbot tops Apple's app-store charts.
  
  ABC News - 1d
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  Tech stocks fall as China's DeepSeek sparks U.S. worries about the AI race

  Tech stocks plunged Monday morning, as fears mounted that Chinese artificial intelligence firm DeepSeek leapfrogged U.S. dominance in AI development.
  
  NBC News - 1d
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  Tech stocks drop amid rise of China's DeepSeek AI model

  Shares in major technology companies leading the artificial intelligence (AI) race took a tumble Monday morning amid investor concern about a new Chinese AI model with growing popularity.  Nvidia, ...
  
  The Hill - 1d

• How China’s new AI model DeepSeek is threatening U.S. dominance

  An AI lab out of China has ignited panic in Silicon Valley after releasing impressive AI models more cheaply and with less-powerful chips than U.S. AI giants.
  
  CNBC - 4d

More from CNBC

• U.S. Navy bans use of DeepSeek due to 'security and ethical concerns'

  The U.S. Navy issued a warning to its members to avoid using DeepSeek "in any capacity," due to "potential security and ethical concerns."
  
  CNBC - 1h

• Starbucks earnings top estimates, but same-store sales decline for fourth straight quarter

  Starbucks said its same-store sales fell 4%, fueled by a 6% decline in visits to its stores.
  
  CNBC - 1h

• The Fed meets for the first time since Trump's term started. Here's what to expect

  If virtually every indication so far is accurate, the new leader of the free world is unlikely to get what he wants, at least not yet.
  
  CNBC - 2h

• Trump administration offering buyouts to nearly all federal workers

  The Trump administration is offering millions of federal workers the option to accept buyouts through a government-wide "deferred resignation" program.
  
  CNBC - 1h

• Judge pauses Trump funding freeze order until Feb. 3

  A federal judge has paused a Trump administration order that would have frozen the issuance of existing federal grants and loans until agencies vetted them.
  
  CNBC - 1h

More in Business

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  Rachel Reeves to warn that UK must ‘fight’ for economic growth

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• 

  US judge blocks Trump’s plan to freeze federal grants and loans

  Temporary order caps day of chaos as White House forced to clarify move to halt government programmes
  
  Financial Times - 28m

• Apple supplier Qorvo sees swift reversal in stock price after warning of weakness in smartphone parts

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• Nucor CEO says he's optimistic about what Trump policies mean for steel trade

  In a Tuesday interview with CNBC's Jim Cramer, Nucor CEO Leon Topalian expressed optimism about what Trump's tariff policies mean for the U.S. steel industry.
  
  CNBC - 36m