CryptoNews.com.au
The launch of a new, cheaper AI model by Chinese tech firm DeepSeek — known as R1— has sent tremors through global stock markets and the crypto market. Around US$1 trillion (AU$1.5 trillion) of value was wiped off the tech-heavy US-based NASDAQ in a single day yesterday…
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China’s Cut-Price AI Model Shocks Global Markets, Coincides With Boost to Chinese Shares
Jody McDonald
03:20
The launch of a new, cheaper AI model by Chinese tech firm DeepSeek — known as R1— has sent tremors through global stock markets and the crypto market. Around US$1 trillion (AU$1.5 trillion) of value was wiped off the tech-heavy US-based NASDAQ in a single day yesterday…
