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AI News from ET - DeepSeek's low-cost model rattles Australian AI shares

Vishwadeep Khatri
in AI News & Two Lenses

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The new model's sudden rise sent global technology stocks crashing overnight, with leader Nvidia losing $592.7 billion in market capitalization, the biggest one-day loss for a Wall Street stock, according to data compiled by LSEG. Australia's data-centre market saw outsized investment last year as the AI boom drove a frenzied demand, with giants such as Nvidia pouring billions to build capacity.

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