KUALA LUMPUR: Nasdaq futures have plunged as the launch of China's DeepSeek AI model last week - a free, open-source artificial intelligence model touted to rival OpenAI's ChatGPT -shook investor confidence in Nvidia's prospects.
Nvidia is seen as having an unassailable lead in the manufacture of chips used in artificial intelligence (AI) technology, but news of a game-changing AI model by DeepSeek - an AI lab funded by Chinese hedge fund High-Flyer - sent the American chip giant's shares falling more than 3% last Friday.
