DeepSeek’s Janus-Pro-7B AI Launch Causes Nvidia Stock to Drop 17%

On Monday, Chinese artificial intelligence startup DeepSeek revealed its newest multimodal AI model, Janus-Pro-7B, which set off a notable market response. While other AI-related equities, like Microsoft Corp. (MSFT, Financials), also sank over investor worries about growing expenses in the competitive AI field, Nvidia Corp. (NVDA, Financials) saw its shares plummet 17 percent.

Designed to shine in knowledge and task creation, Janus-Pro-7B represents a significant development in…