Deepseek 2.0 Shakes up Wall Street
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Chinese artificial intelligence providers compete at full speed with leading U.S. companies, such as OpenAI and Anthropic, despite Washington's restrictions on the export of state-of-the-art computer hardware.AFP looks at companies, large and small, that are driving China's AI ambitions:Traditional ActorsThe giants Baidu, Alibaba and Tencent are investing heavily in AI, taking advantage of their immense user base and cloud infrastructure.Baidu, …
Friday's sour trading in AI-related stocks brings back memories of January 2025 when Chinese Deepseek's success with its cheap AI model sent Nvidia's stock down 17 percent, Bloomberg reports. "It's the best Chinese model ever," says manager Leonid Mironov of Chinese Moonshot's language model, which is said to be half as expensive as the American ones.
Despite US restrictions on semiconductors, China accelerates in artificial intelligence by relying on a new wave of champions able to compete with Silicon Valley giants.
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