DeepSeek's AI Disruption: A Game-Changer for Tech & Markets Key Takeaways DeepSeek's breakthrough AI model challenges US dominance with cost-effective training. Tech stocks react violently with Nvidia losing over $588B in market value. Apple and Microsoft positioned differently amid AI cost disruptions. Investor confidence shaken as AI development cost assumptions are upended. Chinese AI firm DeepSeek has dramatically altered the landscape of artificial intelligence with its breakthrough model. The company's latest AI innovation, DeepSeek-R1, is performing comparably to OpenAI’s ChatGPT at a fraction of the cost. This revelation has sent shockwaves through the tech world, particularly affecting US giants like Nvidia, Microsoft, and Apple. The Financial Fallout Nvidia bore the brunt of investor panic, seeing a histo...

Internet Outage Caused by CrowdStrike Update Defect Key Takeaways Aspect Details Cause of Outage A defect in an update for Windows systems using CrowdStrike cybersecurity software. CEO's Statement CrowdStrike CEO George Kurtz clarified it was not a security issue or cyberattack; a fix has been deployed. Impacted Systems Only Windows systems; Mac and Linux systems were not affected. Affected Sectors Banks, hospitals, airlines, pharmacies, grocery stores, and more globally. A recent internet outage affecting numerous organizations globally has been traced back to a defect in an update for Windows systems using CrowdStrike cybersecurity software. CrowdStrike's CEO, George Kurtz, has provided detailed insights int...