Canadians are curious about investing—and willing to take bigger risks + MORE Jun 26th
Hudson’s Bay properties in focus as RioCan calls creditor filing ‘disappointing’ - BNN Bloomberg + MORE Mar 18th
Relationship fraud and romance scams: What Canadians need to know May 30th
The best GIC rates in Canada for 2025 + MORE Jul 7th
A financial survival guide for the new university or college graduate May 11th
A frenzy over an artificial intelligence chatbot made by Chinese tech startup DeepSeek was upending stock markets Monday and fuelling debates over the economic and geopolitical competition between the U.S. and China in developing AI technology.
DeepSeek’s AI assistant became the No. 1 downloaded free app on Apple’s iPhone store Monday, propelled by curiosity about the ChatGPT competitor. Part of what’s worrying some U.S. tech industry observers is the idea that the Chinese startup has caught up with the American companies at the forefront of generative AI at a fraction of the cost.
That, if true, calls into question the huge amounts of money U.S. tech companies say they plan to spend on the data centers and computer chips needed to power further AI advancements.
But hype and misconceptions about DeepSeek’s technological advancements also sowed confusion.
“The models they built are fantastic, but they aren’t miracles either,” said Bernstein analyst Stacy Rasgon, who follows the semiconductor industry and was one of several stock analysts describing Wall Street’s reaction as overblown…
