DeepSeek drags down YTL, tech stocks


Deepseek logo is seen in this illustration taken January 27, 2025. REUTERS/Dado Ruvic/Illustration

PETALING JAYA: YTL-related stocks and local technology counters were the collateral damage of China’s new artificial intelligence (AI) model, which is both cheaper and more powerful than those of Meta and OpenAI.

DeepSeek, founded by Liang Wenfeng, has sent shockwaves through the Silicon Valley in the United States, with the release of its DeepSeek-V3 large language model.

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DeepSeek , AI , Nasdaq , YTL Power , data centre , chips

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