Chinese AI lab DeepSeek sent a shockwave through the tech sector this week after releasing its R1 large language model (LLM) that was faster, more efficient, and cheaper to train and run than existing models,

A frenzy over an artificial intelligence chatbot made by Chinese tech startup DeepSeek was upending stock markets Monday and fueling debates over the economic and geopolitical competition between the U.

A new and largely unknown Chinese AI system called DeepSeek has rocked the tech industry and global markets.Tech shares plunged and chip maker Nvidia suffered falls of nearly 17 per cent on Monday, as President Donald Trump warned DeepSeek’s emergence was a “wake up call” for existing AI giants.

Global investors are worried the emergence of a low-cost Chinese AI model will threaten the dominance of AI leaders.

Nvidia (NASDAQ: NVDA) has soared over the last two years, thanks to its dominance in artificial intelligence (AI) -- a market set to reach $1 trillion by the end of the decade from about $200 billion today.

NVIDIA Corporation NVDA has once again proven its resilience, rebounding 8.9% on Tuesday after a brutal 17% plunge on Monday. The sell-off was triggered by concerns that Chinese AI startup DeepSeek’s latest artificial intelligence (AI) model could reduce demand for NVIDIA’s high-powered graphics processing units (GPUs).

Investors rallied behind International Business Machines’ artificial-intelligence strategy, driving the stock up after the company released its latest quarterly earnings Wednesday. The tech company said it has taken an open-innovation approach to artificial intelligence,

For the December quarter, the technology company reported earnings of $3.92 a share versus the consensus estimate of $3.78 a share.

In a statement, IBM CEO Arvind Krishna said the company has recorded $5 billion in bookings for its generative AI business.