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US looking if DeepSeek got Nvidia AI chips through Singapore, other countries: Reports

  • The US Commerce Department is investigating DeepSeek for potentially smuggling AI chips from Malaysia and other countries to China, amid concerns over restrictions on advanced AI technology.
  • DeepSeek launched a new AI model that became the most downloaded app, resulting in a significant drop of around $1 trillion in US tech stocks.
  • Nvidia experienced a loss of nearly $600 billion in market capitalization, marking the largest single-day drop for any company in US history.
  • DeepSeek claims to have used previous-generation AI chips legally purchased, while Nvidia asserts its partners comply with all applicable laws regarding chip shipments to China.
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