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.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
DeepSeek , AI , Nasdaq , YTL Power , data centre , chips

Next In Business News

Sunway’s surprise bid puts IJM in play
Luxury real estate trends in 2026
Jakarta set to rise
China’s gold rush continues
Enhance local content terms
Singapore roars into the new year
SC Estate Builder’s hotel acquisition under scrutiny
Department stores bet on experiences
FROM BANGSAR TO BEYOND
Asia to lead next AI wave

Others Also Read