The New Nuclear AI Arms Race Between China and the USA
Two weeks ago, Chinese AI firm DeepSeek turned the tech world on its head with a breakthrough announcement. They’d developed a new AI that could rival ChatGPT for a fraction of the cost, which only required a fraction of the processing power. This announcement sent shares of Nvidia (NVDA) into an instant tailspin, with the stock crashing 17% and shedding a record-breaking $600 billion in market cap before the closing bell rang.
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