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Nvidia No Longer World's Most Valuable Company as $500 Billion Wiped Off Market Cap

The article from Newsweek discusses Nvidia's significant market value drop of over $500 billion, triggered by concerns over its future in the Chinese market due to U.S. export restrictions on high-end AI chips. This situation was exacerbated by the emergence of DeepSeek AI, a Chinese startup that developed a large language model (LLM) named DeepSeek Coder, which rivals Nvidia's technology. DeepSeek AI's model, trained on a massive dataset and capable of performing complex coding tasks, was developed using less powerful hardware than what Nvidia typically provides, highlighting China's push towards AI self-sufficiency. This development not only challenges Nvidia's market dominance but also signals potential shifts in global AI technology leadership, as China aims to reduce its reliance on foreign technology amidst ongoing geopolitical tensions.

Read the Full Newsweek Article at:
[ https://www.newsweek.com/nvidia-loses-500-billion-china-deepseek-ai-2021535 ]