❗️Tech stocks, as well as the S&P500 and #Nasdaq indices, fell sharply today.
Achievements by a Chinese AI company #DeepSeek have raised doubts about whether the U.S. can maintain its AI leadership while spending billions on chips.
The startup claims to have succeeded in training models using far fewer Nvidia chips than U.S. competitors, raising questions about Silicon Valley's future purchases of AI-related hardware and the likely return on investment.