Back in January, the Chinese startup unveiled an AI tool, positioned to compete against Western-backed models at a fraction of the research and development cost.
The launch rattled US equity markets and its main, tech-heavy Nasdaq spiralled on the day.
Nvidia, the darling AI stock, experienced the worst one-day fall in a company’s market cap value in Wall Street history, with its share price taking a 17% dip, shedding approximately $600bn.
Nearly two months on from the initial shock, investors are still wondering how competition in the AI field will unfold.
“Some people wil…
Read the full article here
