The Chinese artificial intelligence model 'DeepSky', which was launched today (Monday), led to the erasure of almost half a trillion dollars from the value of the chip giant 'Nvidia' during the trading day.
The Nasdaq index on the New York Stock Exchange fell by almost 3.51% at the opening of the trading day due to the great interest aroused by the model, which according to the company cost less than six million dollars to develop. This is compared to the hundreds of millions that American companies have invested in developing their artificial intelligence tools.
The declines in share prices are particularly affecting technology companies, primarily Nvidia, whose stock fell by about 151% today.
DeepSky caused a lot of interest in the global capital market after it was presented last week as one that manages to achieve results similar to those of the American AI giants at a tiny cost and with tiny computing power in comparison to them.
Now it threatens to disrupt the entire artificial intelligence industry.
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