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Nvidia Responds to Getting Hit in Face With Shovel

Victor Tangermann

created: Jan. 27, 2025, 10:20 p.m. | updated: March 19, 2025, 5:36 p.m.

<p>AI chipmaker Nvidia has finally broken its silence following the firm setting a new record for the biggest single-day loss of any company in history. Chinese startup DeepSeek made a major splash over the last couple of days, claiming that its AI chatbot app can rival the best OpenAI has to offer but at a tiny fraction of the cost. It also happens to be open source and free for all to use. The announcement sent ripples across the industry, sparking a global selloff. The tech sector is on track for a "$1 trillion wipeout." Meanwhile, Nvidia, which develops and […]</p>

5 months, 2 weeks ago: Futurism