Elon Musk doubts DeepSeek's claims about their AI capabilities, suspecting they possess significantly more Nvidia GPUs than disclosed. This comes amid discussions on US-China AI competition, with Musk and Scale AI CEO Alexandr Wang suggesting DeepSeek's real GPU count is around 50,

A Chinese AI startup dethroned ChatGPT, tanked Nvidia's stock, and triggered a Big Tech panic. Is this the AI tipping point?

In recent days, China’s AI startup, DeepSeek, has made waves after launching a generative AI chatbot that reportedly rivals the capabilities of leading US companies, but for a fraction of the investment.

Nvidia shares' 9% recovery Tuesday was the second-best day in terms of market cap added for any company ever, trailing only a record it set in July.

The market reaction proved particularly severe for Nvidia (NASDAQ: NVDA), with shares plummeting and erasing half a trillion in market cap at the time of this writing. To put this staggering figure in perspective,