this post was submitted on 27 Jan 2025
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Nvidia falls 14% in premarket trading as China's DeepSeek triggers global tech sell-off (www.cnbc.com)
submitted 3 days ago by schizoidman@lemm.ee to c/technology@lemmy.world
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cross-posted from: https://lemm.ee/post/53805638

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[โ€“] Tramort@programming.dev 9 points 3 days ago (1 children)

It's about cheap Chinese AI

[โ€“] CheeseNoodle@lemmy.world 4 points 3 days ago

I wouldn't be surprised if China spent more on AI development than the west did, sure here we spent tens of billions while China only invested a few million but that few million was actually spent on the development while out of the tens of billions all but 5$ was spent on bonuses and yachts.