The emergence of a cheaper artificial-intelligence model that saw hundreds of billions of dollars wiped from Nvidia Corp.’s valuation is a welcome disruption to the tech sector, said the head of AustralianSuper.

Last week, DeepSeek launched a free AI assistant that it says uses less data at a fraction of the cost of incumbent services. By Monday, the assistant had surpassed U.S. rival ChatGPT in downloads from Apple's app store.

The Australian sharemarket had a mixed start to trading after investor concern over a powerful Chinese artificial intelligence startup saw America’s big tech stocks hammered on Wall Street.

The US was seen to have a major lead in the field of AI, and export bans in place were meant to keep it that way. China's new AI tool challenges those assumptions.

Unexpected results from an AI upstart have sent these stocks reeling. The post Why Nvidia, Microsoft, and other US artificial intelligence (AI) stocks just crashed appeared first on The Motley Fool Australia.

The sudden emergence of artificial intelligence product DeepSeek is just the beginning, according to a senior Labor minister.

The Motley Fool's Chief Investment Officer Scott Phillips says Nvidia shares are “down” because a new AI model from China is causing concern. The ASX is expected to follow Wall Street's lead this morning,

DeepSeek, a Chinese AI startup that’s just over a year old, has stirred awe and consternation in Silicon Valley after demonstrating breakthrough artificial intelligence models that offer comparable performance to the world’s best chatbots at seemingly a fraction of the cost.

Trump vows ‘near future’ tariffs, calls DeepSeek progress ‘good’ Donald Trump said he would soon impose tariffs on foreign pharmaceuticals, semiconductors and metals; US treasury secretary pushes for new universal tariffs at 2.5 per cent. Follow live updates.

The news of a cheap and effective Chinese AI app has sent US tech stocks tumbling, while the ASX looks set for a flat opening.  Follow the day's events and insights from our business reporters on the ABC News live markets blog.

Fears that the AI gold rush could be under threat rocked Wall Street on Monday as the US stock market lost more than a trillion dollars in a single day following the emergence of a ChatGPT-like model from China,

The company has surged in popularity, with technology it claims is on par with competitors such as OpenAI and Meta's most advanced models.