(Bloomberg) — Wall Street had a rough start to the week on concern that a cheap artificial intelligence-model from Chinese startup DeepSeek could make valuations of the technology that has powered the bull market tough to justify.
From New York to London and Tokyo, equities got hammered. While the slide came after a torrid rally to all-time highs, Monday’s selloff was triggered by a rise of DeepSeek’s latest AI model to the top of the Apple’s appstore. The S&P 500 dropped 1.5% and the…
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