Good morning. US tech futures plunge as a Chinese AI newcomer threatens to shake things up. Donald Trump briefly proposes tariffs on Colombia. And Elon Musk’s Department of Government Efficiency is now hiring. Listen to the day’s top stories.
Nasdaq 100 futures plunged amid concerns that AI models from Chinese startup DeepSeek may disrupt US tech dominance. It’s expected to challenge Silicon Valley valuations, Aletheia Capital said. Tech shares dragged the Nikkei 225 lower.
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