Mitesh Agrawal is leaving Lambda Labs to head a little known AI hardware startup trying to take on Nvidia.

Stocks of global tech giants Nvidia Corp and ASML Holding NV fell after growing buzz around Chinese startup DeepSeek's latest AI model.

Nvidia's new focus on physical AI and robotics has crucial implications for industrial automation systems. With this shift, we’re seeing the rise of robotic enterprises.

After China's DeepSeek prompts AI rethink, futures point to biggest pullback in years for the Nasdaq. Follow along for live updates on stocks and other markets, including the Dow Jones Industrial Average,

Massive artificial intelligence spending supercharged its growth, but with Nvidia due to report earnings on Feb. 26, Wall Street suggests the semiconductor stock may soon hit a ceiling. Analysts have assigned a consensus one-year price target on NVDA stock of $164 per share. That implies only a 15% gain over the next 12 months.

The news is the latest sign of skyrocketing valuations for privately held AI start-ups, which show growing investor enthusiasm for AI and confidence that companies like Anthropic will justify that valuation over the long term, eventually generating billions in profits.

DeepSeek, which by Monday had overtaken U.S. rival ChatGPT in terms of downloads on the Apple Store, offers the prospect of a viable, cheaper AI alternative which has raised questions about the sustainability of the level of spending and investment on AI by Western companies, including Apple and Microsoft.

A Chinese AI startup, DeepSeek, shook markets as its low-cost model fueled doubts over Western dominance, sending Nvidia, Oracle, and others tumbling in a global tech selloff.

A Chinese AI chatbot has made waves recently, and it's now passed ChatGPT to become the top free app on the US App Store.

It has been widely assumed that the United States was the leader in global artificial intelligence (AI) technology by far. Private AI companies, which include OpenAI and xAI, have raised tens of billions of dollars in the past year.

Chinese AI startup DeepSeek has overtaken OpenAI's ChatGPT to become the top-rated free app on Apple's App Store in the United States,