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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Zelenskyy confirms a new Ukrainian offensive in Russia's Kursk region
Ukrainian President Volodymyr Zelenskyy confirmed a new offensive in Russia’s Kursk region, with North Korean troops fighting alongside Russian forces. Russia claimed to have repelled a Ukrainian counterattack in Kursk, while also capturing the mining town of Toretsk in eastern Ukraine. The conflict escalated with Ukrainian strikes in Makiivka, 36 Ukrainian drones shot down in Russia, and 139 Russian drones sent into Ukraine. Full Article
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