00:00China's deep-seek AI has wreaked havoc in the US stock market.
00:10The situation is such that in just one day, $1 trillion in the US share market was cleared.
00:16In fact, for the past two years, artificial intelligence techniques were proving to be
00:21a boon for investors in the US share market.
00:26Since the beginning of 2023, the Nasdaq has increased by 92% in 100 indexes,
00:31resulting in a wealth of more than $14 trillion, and the owners of major tech companies have earned billions.
00:39But as soon as China's deep-seek AI showcased its new technical capabilities,
00:46people lost their minds.
00:47In addition, its cost is so low that it has put other major AI platforms in trouble.
00:54Recently, after the announcement of an investment of $500 billion in AI by US President Donald Trump,
01:01the S&P 500 Index set a new record.
01:05NVIDIA Corp had the best chips, and companies like Meta Platforms and OpenAI are considered to be ahead in the field of AI.
01:14But China's new AI startup DeepSeek has completely changed this picture.
01:20This company's AI platform has not only proven to be technically equivalent or better than American companies,
01:27but it is also said to be capable of working with less cost and very low energy consumption.
01:35With the advent of DeepSeek AI, the Nasdaq fell by 3% in the 100 Index on Monday,
01:42which is the biggest drop in the past six weeks.
01:46With this drop, the Nasdaq 100 fell by about 8% and its price fell by $1 trillion compared to Friday.
01:54NVIDIA has seen the worst day since March 2020, where its market price fell to $600 billion.
02:02Due to concerns about China's artificial intelligence DeepSeek AI,
02:07in the last two sessions, NVIDIA Corporation's shares fell by 19.98%.
02:15In the last session, NVIDIA's share fell by 16.86% on the Nasdaq and closed at $118.58.
02:24On Friday, the share fell by 3.12% to $142.62.
02:31On Monday, the share opened at $124.80 and reached the initial level of the share at 116.70 in the intraday.
02:41In the last session, the company's market cap suffered a loss of more than $600 billion.
02:47Now if we talk about DeepSeek, DeepSeek is a Chinese artificial intelligence company
02:52which was established in Hangzhou, southeast China.
02:55According to Sensor Tower, the company was launched in July 2023,
02:59but its popular AI assistant app was not released in the United States until January 10.
03:05What is your opinion on this news?
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