The $1 trillion shock: How China's DeepSeek shook the foundations of US tech

The $1 trillion shock: How China’s DeepSeek shook the foundations of US tech

Despite DeepSeek’s claims, doubts remain about its access to advanced chips. For over two years, artificial intelligence (AI) has driven one of the most dramatic stock market rallies in history. Nvidia, the chipmaking giant and cornerstone of the AI revolution, became synonymous with the soaring optimism surrounding AI’s potential to reshape industries. Yet, on Monday,…

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Tech war in 2024: China catches up fast in AI race, but US chip curbs cast shadow

Tech war in 2024: China catches up fast in AI race, but US chip curbs cast shadow

Shi Yuxiang is eager to find out what the latest artificial intelligence (AI) technology has to offer in video-making. But with OpenAI’s long-awaited Sora video generation tool launching only earlier this month, the 34-year-old entertainment industry professional from Beijing has been experimenting with a wide range of Chinese alternatives. “Whenever there’s a new product release,…

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