The Japanese yen and the Swiss franc gained while the U.S. dollar fell against major currencies on Monday amid a selloff in technology stocks as markets weighed the implications of a Chinese startup launching a free open-source artificial intelligence model.
Tesla (TSLA) might be the first name that springs to mind, but Toyota (TM) is proving it deserves a spot in the conversation. The Japanese automaker, a dominant force in gas-powered cars for nearly a century,
The rise of China's DeepSeek free AI assistant, which it claims utilizes cheaper processors and less data, caused a widespread shakeout in financial markets
4 that it has received an investment from U.S. semiconductor giant Nvidia Corp. Backed by the world’s largest AI chipmaker, the Japanese startup ... around 20 billion yen ($139 million) through ...
Japanese tech firms sank Tuesday following a rout on Wall Street after China's DeepSeek chatbot upended the artificial intelligence sector and sparked questions about huge investments by US titans.The dollar rallied on a report saying Washington was considering universal tariffs on a range of goods,
Nvidia reports its latest results on Wednesday ... In currency trading, the U.S. dollar rose to 144.35 Japanese yen from 143.91 yen. The euro cost $1.1179, down from $1.1188.
Gift Nifty was trading around 23,028 level, a premium of nearly 50 points from the Nifty futures’ previous close, indicating a positive start for the Indian stock market indices.
A new Chinese AI model threatens to diminish the need for Nvidia’s most-expensive chips, but some say the concerns are overblown.
Technology stocks regained ground on Tuesday, a day after a low-cost Chinese AI model rattled markets, while traders rotated back into the
Rebounding tech stocks drove U.S. indexes higher Tuesday, a day after they tumbled on doubts about whether the artificial-intelligence frenzy really needs all the dollars being poured into it. The Dow Jones Industrial Average added 136 points,
TOKYO—Asian shares were mixed in thin Lunar New Year trading on Tuesday after Wall Street’s tech superstars tumbled as a competitor from China raised doubts over the recent artificial-intelligence market frenzy.
The chatbot developed by DeepSeek has shown the ability to match the capacity of US AI pace-setters for a fraction of the investments made by US companies.