DeepSeek's low-cost AI model sparks global rout in tech stocks

DeepSeek's low-cost AI model sparks global rout in tech stocks

A visitor stands next to an electronic screen displaying Japan's Nikkei stock prices quotation board, inside a building in Tokyo, Japan February 22, 2024. REUTERS/Issei Kato/File Photo

Investors sold technology stocks across the globe on Monday as they worried that the emergence of a low-cost Chinese artificial intelligence model would threaten the dominance of current AI leaders like Nvidia, shaving $592.7 billion off the chipmaker’s market value.

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