This man wiped $600 billion off Nvidia’s valuation by marrying quant trading with AI

DeepSeek was created by a top Chinese quantitative trading firm. It’s not unusual for Wall Street quant luminaries to try their hand at tech.

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‘Sputnik moment’: $1tn wiped off US stocks after Chinese firm unveils AI chatbot

Trump calls emergence of DeepSeek a ‘wake-up call’ amid doubts about sustainability of western artificial intelligence boom. What is DeepSeek and why did US tech stocks fall? DeepSeek hit ...
The Guardian - 2d
Nvidia sheds almost $600 billion in market cap, biggest one-day loss in U.S. history

Nvidia shares plunged 17% on Monday, resulting in a market cap loss of close to $600 billion, the biggest drop ever for a U.S. company.
CNBC - 2d
Nvidia loses nearly $600 billion in market value after Chinese AI startup bursts onto scene

Shares of chipmaker Nvidia plunged Monday, for its worst day since the global market sell-off in March 2020 triggered by the coronavirus pandemic.
NBC News - 2d
Saudi Arabia Says It Will Increase U.S. Trade and Investment by $600 Billion

The Saudi media reported that Crown Prince Mohammed bin Salman had spoken with President Trump, who made the kingdom the first stop on his first overseas presidential trip in 2017.
The New York Times - 6d
AI Startup Anthropic Plans to Raise $2 Billion at a $60 Billion Valuation

The new funding round, led by Lightspeed Venture Partners, sees the company at more than triple its 2024 valuation of $18 million.
Inc. - Jan. 8
Anthropic’s $60 billion valuation would obscure a stark reality in AI

Anthropic may be joining rival OpenAI with its own eye-popping valuation, but the hefty valuations for the two biggest AI startups obscure the fact that, for now, these companies are burning ...
MarketWatch - Jan. 8
Anthropic in talks to raise funding at $60 billion valuation

AI startup Anthropic is in late-stage talks to raise as much as $2 billion at a $60 billion valuation, according to a person familiar with the deal.
CNBC - Jan. 7
AI start-up Anthropic closes in on $60bn valuation

Maker of the Claude AI chatbot nears fresh $2bn investment in the latest sign of how much money is pouring into the sector
Financial Times - Jan. 7
Nvidia’s stock rallies as AI chip trade reloads for fresh run higher

Nvidia Corp.’s stock continued its rally Monday, embodying the red-hot momentum in the artificial-intelligence chip trade so far this year.
MarketWatch - Jan. 7

This man wiped $600 billion off Nvidia’s valuation by marrying quant trading with AI

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Related

‘Sputnik moment’: $1tn wiped off US stocks after Chinese firm unveils AI chatbot

Nvidia sheds almost $600 billion in market cap, biggest one-day loss in U.S. history

Nvidia loses nearly $600 billion in market value after Chinese AI startup bursts onto scene

Saudi Arabia Says It Will Increase U.S. Trade and Investment by $600 Billion

AI Startup Anthropic Plans to Raise $2 Billion at a $60 Billion Valuation

Anthropic’s $60 billion valuation would obscure a stark reality in AI

Anthropic in talks to raise funding at $60 billion valuation

AI start-up Anthropic closes in on $60bn valuation

Nvidia’s stock rallies as AI chip trade reloads for fresh run higher

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