Nvidia shares drop as investors assess implications of DeepSeek launch
) in particular edging lower in premarket US trading, amid concerns that a new model from Chinese start-up DeepSeek could necessitate less investment in AI infrastructure.
Broader Wall Street futures also fell sharply, after DeepSeek launched a set of new open-source models over the past week claiming to match offerings from rivals such as ChatGPT-maker OpenAI for a fraction of the cost. They added that the AI industry needed innovations like DeepSeek to keep progressing, because it could help squeeze more performance out of existing hardware.
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