A glimpse of AI in America: Deep impact of deepseek: erosion of Rs.54 lakh crore
Washington, Dt. 28
Every decade in America, some big bubble bursts, the dotcom bubble burst in 2000, the subprime crisis in 2009, then the Covid hit in 2020. Now the bubble of its fast-growing AI industry has been burst by just one Chinese AI application, Dipsik. 593 from chip maker NvidiaThe market value of billion dollars i.e. about 54 lakh crore rupees has been wiped out. Thus more than India’s annual budget of 50 lakh crores The value is gone in one day. Shares of Nvidia fell by around 17 percent.
When his Supplier Advantest fell 10 percent in Japan on Tuesday. Shares of AI backer SoftBank also fell 5.5 percent. When Shares of data center cable maker Furukawa Electric fell 8 percent. Softbank 13 percent in two days and Furukawa is down 20 percent. A sharp decline was also reported in Australia. While Takesavi was on holiday in Taiwan and South Korea. Of Japan Shares of Softbank also fell by 5.5 percent on Tuesday.
The surprising thing is that DPSIC has used more than 50,000 chips from Nvidia itself to build its AI application.
After the launch of ‘DeepSeek’ on Monday, the Nasdaq Composite Index representing the technology sector of America 3. It fell 1 percent and the S&P 500 index fell 1.3 percent. Shares of major companies like Nvidia Meta (Facebook), Alphabet (Google) and Microsoft were reported to have fallen sharply. However, the decline in America was limited to the technology sector. Nasdaq was down 613 points. But the American market closed with an increase of 289 points.
In the US-dominated artificial intelligence sector, Chinese company DPCK competes with the likes of ChatGPT
The platform has set fire to the fortunes of the world’s top billionaires. On Monday, January 27, the wealth of the world’s 500 richest people has dropped by $108 billion, i.e. about 9.3 lakh crore rupees, in a single blow. This decrease is due to China’s new model DeepSeek. Deepseek has become the most downloaded app in the world since its launch. Nvidia co-founder Jensen Huang’s wealth saw the biggest drop of 20 percent, dropping his net worth to $20.1 billion.
