Business | Bubble trouble
A cheap Chinese language model has investors in Silicon Valley asking questions
Jan 27th 2025
It did not take much for the euphoria over artificial intelligence (AI) to turn into alarm. On January 27th stockmarkets in America and Europe convulsed. The share price of Nvidia, America’s AI-chip champion, fell by 17%, erasing $600bn of market value, the biggest one-day loss in the history of America’s stockmarket. Other businesses in the AI supply chain, from data-centre landlords to makers of networking gear, suffered a similar fate.
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Artificial intelligenceBusinessTechnologyThis article appeared in the Business section of the print edition under the headline “Shockwaves”
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