European chipmakers slump as traders gauge DeepSeek AI model
Investing.com – Shares in European chipmaking and data center-exposed stocks tumbled on Monday as investors fretted over the implications of the release of a new artificial intelligence model from Chinese firm DeepSeek. The start-up has launched a free assistant to rival that
Nasdaq futures tumble as China’s AI push rattles Big Tech
(Reuters) – Futures linked to the tech-heavy Nasdaq tumbled on Monday as the overwhelming popularity of an inexpensive Chinese artificial intelligence model sparked a selloff in AI-related shares, with megacap stocks including Nvidia (NASDAQ:NVDA) the worst hit. Chinese startup DeepSeek has
BASF results down on impairments, restructuring
Investing.com — Shares of BASF (BU:BASF) traded lower on Monday as the company’s preliminary 2024 figures posted a sharp decline in earnings due to impairments and restructuring costs. According to the company’s statement, EBIT for 2024 is expected to reach €2
Adani, Ambani news units sue OpenAI over copyright, Reuters reports
Investing.com — A group of Indian digital news publishers, including those owned by billionaires Gautam Adani and Mukesh Ambani, have initiated a legal challenge against OpenAI, Reuters reported on Monday, citing legal papers. They allege that the AI company
China’s DeepSeek sets off AI market rout
SINGAPORE (Reuters) -Nasdaq futures slumped and technology shares slid in Japan on Monday as surging popularity of a Chinese discount artificial intelligence model wobbled investors’ faith in the profitability of AI and the sector’s voracious demand for high-tech chips. Nasdaq 100