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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Tired and anxious: Travellers to Singapore stranded in Doha airport amid Israel-Iran conflict
SINGAPORE: Thousands of passengers, including those bound for Singapore, were stranded at Doha's Hamad International Airport following the temporary closure of airspace by Qatar, Bahrain, and Kuwait after Iran's missile strike on a US military base. With over 25,000 travelers affected and hundreds of flights cancelled or delayed, many reported long queues and a lack of clear communication from airlines regarding rebooking and accommodation. Need More Context? 🔎
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