📉DeepSeek’s R1 disrupts Wall Street

🦾Plus: Nvidia's $600B loss 📉

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In today's edition: 🔥

  • 📉Nvidia sheds almost $600 billion in market cap

  • 🐋 DeepSeek launches new AI image model

  • 🧠 Meta’s controversial AI memory

  • 🤖Trump announced Taiwan chip import tariffs

  • 💡AI Tutorial:Extend any video with AI

  • 🤯 5 AI Tools to checkout

  • 🖼️ A.I. Generated Image of the Day

The release of ChatGPT rival, R1, by small Chinese start-up DeepSeek, last week, has sent shockwaves through the global AI industry and stock markets, as it overtook ChatGPT as the most downloaded app in the US, prompting VC, Marc Andreessen, to call it “AI’s Sputnik moment.”

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Nvidia experienced the biggest market cap drop for any company on a single day in US history on Monday when it lost close to $600 billion in market cap. Its stock price plummeted 17% and caused a 3.1% slide in the tech-heavy NASDAQ. The sell-off was sparked by DeepSeek presenting increased competition in the global AI industry.

Chinese AI startup DeepSeek just released Janus-Pro, a new open-source multimodal AI model that outperforms major image generation rivals like DALL-E 3 and StabIe Diffusion — coming on the heels of the company’s viral R1 launch.

After first teasing the idea last year, Meta is officially launching improvements to its cross-platform chatbot, Meta AI, which allows it to “remember” details from conversations and provide more relevant recommendations and suggestions to Facebook, Messenger, and WhatsApp users in the US and Canada.

President Trump announced the US will place tariffs on semi-conductors imported from Taiwan in the near future.

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