Reminding the show -stealing a tech underdog, a Chinese AI Startup, a Chinese AI startup installed by Quant Fund chief Liang Wenfeng, has overturned the global AI story. Its latest model, Dipcic -R1, offers comparable performance with Western AI giants at a fraction of cost – which questions about America’s technical dominance.
Released last week, Dipcic-R1 is an open-source AI model that emphasizes efficiency and transparency. This model, widely seen as competitors with OpenAI and Meta Platform Inc., is designed to walk on low-up-chips, China, bypassing the sanctions imposed by the US on state-of-the-art semiconductor exports. . Its app has reached the top of Apple’s app store rankings.
The launch of Dipcik-R1 stirred the global markets. Investors got nervous with the capacity of a high quality AI giving a high quality AI at a fraction of the cost. The launch began selling in global technical shares, with a decline in shares of major American AI-related companies, including NVidia, Meta and Microsoft, in response to DeepC’s success.
The shares of Nvidia Corp, synonymous with AI Chip Innovation, saw a fall of 12.78%, while ASML holding NV experienced the fastest intraday decline of 6.76% since 2015. Nasdaq 100 fell nearly 3%, while S&P 500 fell, which reflects a shock wave sent to New York, London and Tokyo Stock Exchange.
(Tagstootranslet) Business (T) Market (T) Nvidia
