Shares for leading US chip firm Nvidia dropped by almost 17% on Monday after the emergence of DeepSeek stunned Silicon Valley.
The $500 billion Stargate project will be critical to "maintain American leadership in AI," one of the partners said in a statement.
After Donald Trump announced the $500 billion Stargate project, we examine the U.S.-listed beneficiaries which are least expensive to own.
Broadcom, under CEO Hock Tan, now finds itself at the epicentre of one of the world’s fastest-growing markets — AI chips
A competitive artificial intelligence model from a Chinese startup showed high-powered AI can be done much cheaper than U.S. models perform. The prices of eggs are estimated to rise, despite promises from the White House otherwise. USA soccer player Naomi Girma has set a record for women in the sport.
According to a statement from OpenAI, “Arm, Microsoft, NVIDIA, Oracle, and OpenAI” are the initial tech partners, with a buildout “currently underway” starting in Texas as other sites across the country are evaluated. It also says that “Oracle, NVIDIA, and OpenAI will closely collaborate to build and operate this computing system.”
DeepSeek, a Hangzhou-based startup founded in 2023, shot to the top of Apple’s App Store free app chart after releasing a new open-source AI model it says rivals OpenAI's work. Its website was hit by outages amid a spike in interest.
The Chinese company says its AI model is cheaper and uses less energy than those of its competitors, driving questions about predictions of enormous power