DeepSeek just shook up the artificial intelligence (AI) world in the biggest way since OpenAI launched ChatGPT in late 2022. The Chinese company's new R1 large language model (LLM) reportedly matches or beats OpenAI's o1 model on some benchmarks.

the chip maker saw its market value drop by $593 billion, the biggest one-day drop for any listed company on record.

Chinese startup DeepSeek claims to offer competitive AI models at lower costs, raising doubts about U.S. tech giants' investments in AI. Microsoft and Meta defend their significant spending, highlighting its importance for long-term strategic advantage amidst increasing demand for AI solutions.

A new Chinese AI model threatens to diminish the need for Nvidia’s most-expensive chips, but some say the concerns are overblown.

Paul Sankey of Sankey Research explains why the excessive demand for power needed to deploy cutting-edge chips from the likes of Nvidia and support data centers from companies such as Meta Platforms could prove to be a detriment to America's tech giants in the long run.

Nvidia stock tumbled after DeepSeek's AI news surfaced in tech circles. Read more about the impact the DeepSeek developments may have NVDA stock now.