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DeepSeek threat? Softbank, Advantest, other Japanese tech stocks sink up to 10%
SoftBank, ASML stock hit by DeepSeek fears; electrification names crushed
In international markets, chipmaking and electrification companies saw pressure on the fears over the DeepSeek AI service. SoftBank -- the company that said it would fund up to $500 billion in AI infrastructure as well as the main shareholder of microchip designer ARM -- saw its stock dive 8%.
Nvidia, Softbank among AI stocks fall sharply as Chinese AI firm launches DeepSeek LLM
Former SoftBank exec Akshay Naheta's startup, Distributed Technologies Research, is trying to bridge the gap between banking and blockchain tech. Akshay Naheta, a former SoftBank dealmaker, builds new-age pipes to modernize global payment networks.
American stocks crashed on Monday as focus shifted to the upcoming Federal Reserve interest rate decision and as concerns about DeepSeek’s success. Futures tied to the Dow Jones index fell by over 1%,
Group, led by Japanese billionaire Masayoshi Son, plans to approach private equity firms Apollo Global Management (NYSE:APO) and Brookfield for funding assistance with the Stargate AI project, Nikkei reported.
SoftBank Group Corp. (TYO:9984) and OpenAI have each pledged $19 billion to Stargate, a groundbreaking technology initiative focused on AI data centers, The Information reports. OpenAI and SoftBank will each hold a
The president said it will be the largest AI infrastructure ever built and that it will help counter technology threats from China and other countries.
By Sinéad Carew, Amanda Cooper, Ankur Banerjee NEW YORK/LONDON/SINGAPORE (Reuters) -Global investors dumped tech stocks on Monday as they worried that the emergence of a low-cost Chinese artificial intelligence model would threaten the dominance of AI leaders like Nvidia,
By Sinéad Carew, Amanda Cooper, Ankur Banerjee NEW YORK/LONDON/SINGAPORE (Reuters) -Investors sold technology stocks across the globe on Monday as they worried that the emergence of a low-cost Chinese artificial intelligence model would threaten the dominance of current AI leaders like Nvidia,
News from China upset U.S. markets Monday and disrupted the frenzy that had built up around artificial intelligence.
By Sinéad Carew, Amanda Cooper, Ankur BanerjeeNEW YORK/LONDON/SINGAPORE (Reuters) -Investors sold off a host of technology stocks from Tokyo to New York on Monday as they worried that the emergence of a low-cost Chinese artificial intelligence model would threaten the dominance of current AI leaders such as Nvidia.
China's DeepSeek overtook US rival ChatGPT in terms of Apple Store downloads, offers the prospect of a viable, cheaper AI alternative
The Chinese start-up disrupted the AI landscape, showing that cost-effective AI models can rival larger systems, raising questions about big investments Wall Street had a rough start to the week on concern that a cheaper artificial intelligence-model from China could threaten the dominance of US technology,
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