“$955b meltdown: Wall Street darling suffers biggest one-day loss in history:
… The semiconductor maker (#Nvidia) is leading a broader selloff in #technology shares after #DeepSeek’s low-cost approach reignited concerns that big #US companies have poured too much money into developing artificial intelligence, since the #Chinese firm appears to provide a comparable #performance to Western #chatbots at a fraction of the #price.”
Hardly a response for an economy / investment based on reality. AI development will rumble on for decades more, with / without the “stupid money”.
[#]AI / #WallStreet https://smh.com.au/business/markets/955-billion-meltdown-wall-street-darling-suffers-biggest-one-day-loss-in-history-20250128-p5l7lt.html
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