U.S. technology firms experienced a significant drop in premarket trading due to concerns sparked by Chinese startup DeepSeek’s advancements in AI, which raised questions about America’s competitiveness in the sector. Nvidia shares fell by 11.8%, while Netherlands-based chip companies ASML and ASM International saw declines of 8.9% and 13.6% respectively. DeepSeek’s launch of a cost-effective large-language model that outperformed Western counterparts has led to a global sell-off and raised worries about the future of U.S. technology dominance in AI.
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WHO condemns Israeli attacks on facilities in central Gaza
David GrittenBBC News, JerusalemAnadolu via Getty ImagesSmoke rises over western Deir al-Balah during an Israeli offensive on MondayThe World Health Organization condemned Israeli attacks in central Gaza, stating that its facilities, including a staff residence and warehouse, were struck, compromising humanitarian efforts. The offensive has displaced tens of thousands and exacerbated a severe hunger crisis, with reports of malnutrition-related deaths among civilians, while the Israeli military continues operations in the area. Want More Context? 🔎
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