DeepSeek, the hottest name in artificial intelligence, took a Chinese hammer to several tech companies on Monday, with Microsoft, Google and especially Nvidia seeing their stock prices take a noticeable hit.
Many quantum computing stocks have risen well above Wall Street's price targets, but this one still has room to climb.
DeepSeek was reportedly developed in just two months at a cost of under $6 million — a stark contrast to the billions typically spent by US giants.
Artificial intelligence stocks were moving higher today as earnings season kicked into full swing and as investors continue to digest the impact of DeepSeek on the AI sector. The
Alphabet subsidiary Google recently announced two major technical achievements with its Willow quantum computing chip. In response to the news, shares of Rigetti Computing (NASDAQ: RGTI) and D-Wave Quantum (NYSE: QBTS) during the next three weeks advanced 280% and 110%,
The S&P 500 dropped 1.7 per cent, and the Nasdaq 100 slipped 3.1 per cent. With big tech stocks crashing, US stocks were set for their worst day since the last US Federal Reserve policy verdict roiled
Several hackers from different countries specifically from China and Iran are leveraging US AI technologies like Google Gemini chatbot to eventually assist them with the malicious codes and then plan severely dangerous cyberattacks.
The cash infusion comes on top of the $2 billion that Google has already provided to the artificial intelligence developer. Separately, Anthropic is said to be raising $2 billion from a group of institutional investors led by Lightspeed Venture Partners. The latter deal is expected to value the company at $60 billion.
World markets are mostly higher following gains on Wall Street driven by Tesla, IBM and Meta Platforms after strong profit reports.
The weak pace of loan growth is a worry, particularly for regional lenders.
Mark Zuckerberg said it was too risky to let Trump on his platform. But he's now cutting a check to stay in Trump's good graces and settle a lawsuit over his ban, the WSJ reports.
Leaders at Microsoft and Meta told investors that China’s DeepSeek doesn’t harm their businesses and that they will still spend billions on AI data centers.