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DeepSeek sparks AI stock selloff; Nvidia posts record market-cap loss
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, evaporating $593 billion of the chipmaker's market value,
DeepSeek sparks global AI selloff, Nvidia losses about $593 billion of value
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 ,
China's DeepSeek derails Nasdaq, Nvidia, AI darlings
American AI stocks got sucker punched after China's DeepSeek app reportedly showed advancements against rivals sending investors into sell mode, shaving 3% off the Nasdaq.
The Edge Singapore
3d
Finance leaders in Singapore look to AI to restore trust in corporate reporting: EY
The majority of finance leaders in Singapore are worried about the integrity and reliability of their non-financial data, ...
JD Supra
1d
Managing Artificial Intelligence: The Monetary Authority of Singapore's Recommendations on AI Model Risk Management
Introduction and Background - On 5 December 2024, as part of the Monetary Authority of Singapore’s (MAS) incremental efforts to ensure responsible ...
11d
Singapore chip gear maker GVT says AI boom far from over
Singapore - Semiconductor equipment maker Grand Venture Technology (GVT) is trying to turn the world’s hunger for advanced ...
5d
on MSN
A global jobs crisis is looming — and here's how to tackle it, says Singapore's president
Tharman Shanmugaratnam warned of mass joblessness in the years ahead and called for worker education and training to be ...
1h
on MSN
Nvidia's US$589 billion DeepSeek rout is largest in market history
DeepSeek’s progress suggests Chinese AI engineers have found a way to work around the export bans, focusing on greater ...
23h
Bank of Singapore makes six new appointments in Dubai
Bank of Singapore, one of Asia's biggest private banks, said on Monday that it has made six new appointments in Dubai to ...
Channel NewsAsia Singapore
3d
ChatGPT down as thousands worldwide report issues; OpenAI monitoring after deploying fix
SINGAPORE: Thousands of users worldwide reported issues with OpenAI's artificial intelligence chatbot ChatGPT on Thursday ...
6d
French AI Champion Mistral Isn’t for Sale, CEO Mensch Says
European artificial intelligence champion Mistral AI is “not for sale” and instead is working toward an initial public ...
6h
on MSN
China's DeepSeek Prompts Global Selloff in AI-Linked Stocks
Marc Andreessen, the Silicon Valley venture capitalist, said in a post on X on Sunday that DeepSeek's R1 model was AI's ...
The Edge Singapore
19h
DeepSeek shakes up stocks as traders fear for US tech leadership
“DeepSeek shows that it is possible to develop powerful AI models that cost less,” said Vey-Sern Ling, managing director at ...
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