Australian stocks linked to artificial intelligence experienced a sharp decline due to concerns about a new low-cost AI model from Chinese startup DeepSeek challenging current market leaders. Appen and Brainchip shares dropped significantly, with the technology sub-index also down. DeepSeek’s new AI assistant surpassed U.S. rival ChatGPT in downloads, causing a global tech stock crash, with Nvidia losing a record $592.7 billion in market capitalization. Data centre landlords in Australia, including Goodman Group and NEXTDC, also saw declines as fears of reduced infrastructure spending emerged. Analysts anticipate increased demand for data centers with advanced capabilities due to DeepSeek’s model, leading investors to reconsider their AI exposure and possibly shift towards safer sectors like healthcare and staples.
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Singapore sprint queen Shanti Pereira clinches 200m silver at Asian Athletics Championships
Read a summary of this article on FAST.SINGAPORE: Shanti Pereira narrowly missed defending her title, finishing second in the women's 200m final at the Asian Athletics Championships in South Korea with a time of 22.98s, just 0.01s behind China's Chen Yujie. Additionally, Pereira and her teammates set a new national record in the women's 4x100m relay, clocking 44.66s. Earlier, Pereira won silver in the 100m, showcasing her talent despite previous injury setbacks affecting her performance...
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