The steep drop followed a big development from a Chinese startup, DeepSeek. It announced it had created a large-language model capable of matching ChatGPT and other US rivals while using significantly less computing power read more DeepSeek's claims of having developed an AI for a fraction of the cost it has taken for Western developers had led to chipmaker Nvidia's stock registering losses. Reuters Nvidia’s meteoric rise in recent times came to a sudden halt earlier this week– on Monday (January 27), as its stock plunged nearly 17 per cent, wiping out $595 billion in market value. The loss was...