The emergence of DeepSeek, a new open-source Chinese AI competitor, has sent shockwaves through the AI industry, potentially leading to a loss exceeding $1 trillion as Wall Street reacts negatively to diminishing confidence in foundational AI models. Nvidia has experienced unprecedented losses, significantly impacting the valuations of AI-related companies. The situation is particularly damaging for President Trump, whose recent endorsement of a massive $500 billion AI infrastructure project now faces scrutiny as investors question the viability of such grand investments amidst these challenges.
The AI industry is set to lose more than $1 trillion after DeepSeek's ChatGPT competitor surged in popularity, raising doubts about tech hype.
DeepSeek's rapid rise poses an extinction-level threat to venture capitalists invested in foundational AI models, leading to massive financial losses.
Nvidia has lost over half a trillion in market value, marking what could be the largest single-day market drop for one company in history.
President Trump’s ambitious $500 billion AI infrastructure project now appears precarious, with investors questioning the financial sustainability of AI ventures.
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