this post was submitted on 27 Jan 2025
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chapotraphouse

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2 Trillion dollars in U.S. Stock market cap erased in a day by DeepSeek, which was released only a day after the US announced a 500 billion dollar investment in AI.

DeepSeek only invested 5.6 million dollars in computing power.

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[–] CoolerOpposide@hexbear.net 49 points 3 days ago* (last edited 3 days ago) (1 children)

Yes. Nvidia alone is down 17% and has lost $560 billion in market value

Oh wait I thought you were responding to the post in general asking about Nvidia. Yes, for some people that is why DeepSeek was down! my bad