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The entry of China’s Artificial Intelligence (AI) model Dipcik fell 17% of the stock of American tech company Nvidia on Monday. The company fell by $ 24.2 to $ 118.42. Nvidia’s market cap also declined by $ 593 billion to 2.90 million million dollars.
The impact of the decline in Nvidia shares also showed the impact on the American share index Namdac. On Monday, it fell by 3.07% and Nasdaq fell 612.47 points to 19,341.83. The tech sector of the second American Index S&P 500 declined by 5.6%. This is the biggest decline in the index after September 2020. NVIDIA was one of the 8 shares in the tech sector, with a double digit decline on Monday.
NVDia’s CEO assets declined ₹ 1.79 lakh crore in 1 day The company’s CEO Jensen Huang has lost US $ 20.8 billion (Rs 1.79 lakh crore) due to a decline in NVidia shares. According to Forbes reports, Huang’s assets fell from US $ 124.4 billion (Rs 10.76 lakh crore) to US $ 103.7 billion (Rs 8.97 lakh crore), which led him to 17th position in the list of real -time billionaires to 17th place in the list of real -time billionaires. .
Nvidia shares fell from $ 142.62 to $ 118.58.
Deepcick defeated chatgpt on app store China’s Deepciak is giving extremely accurate results in a complex task like AI coding and maths. It is at the first position in terms of downloading from Apple App Store in America. It has surpassed the chatgpt of OpenAI.
Chinese AI model is very cheaper than American companies The second major reason is that the Dipcik is a completely free and open source AI model. Apart from this, the Chinese model has been prepared at a very low cost, while companies like Nvidia, Microsoft and Meta of America have prepared AI models by making huge investment. Some reports claim that the Deepcick company developed its AI model for just Rs 48.45 crore.
Trump said- Companies beware of Chinese AI models Following Mondays in the American market, President Donald Trump said at the Republican Congress program in Florida that Deepcik AI is a warning for our industry. To win this battle, a full focus will have to be done on this side. However, Trump also said that this setback could also be positive for Silicon Valley as it would be forced to innovate at a lower price.
Ban on export of semiconductor technology to China After Monday’s developments, the US has banned giving Advanced Semiconductor technology to China. Taking additional vigilance on this, the US has also started monitoring other countries’ sales of NVDia’s advance AI chips.
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