The Chinese AI startup Deepseek shocked global markets today following the release of its new AI model that apparently runs on inferior chips while achieving top performance at a fraction of the cost of competitors. The release prompted a massive sell off in AI-linked tech and energy stocks. Most notably the AI chip darling Nivida (-16.8%) wiped off $589b in market-cap in one day. To put the severity of the Nvidia sell off into perspective, ExxonMobil’s (largest US oil and gas company) total ma…
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