AI on a budget: DeepSeek's disruption and NZ's opportunity

AI on a budget: DeepSeek's disruption and NZ's opportunity
Nvidia CEO Jensen Huang during happier times for Nvidia's stock price. (Image: Getty)
Dileepa Fonseka
Chinese artificial intelligence company DeepSeek is disrupting the soaring share price trajectory of the great technology disruptors, and there are some lessons in it for New Zealand Inc.One of the worst-hit stocks was Nvidia, whose share price declined by 16.86% on Monday's trading (Tuesday, NZ time), erasing US$600 billion (NZ$1.05tr) of value in a single day.University of Waikato Artificial Intelligence Institute (Te Ipu o te Mahara) founding director Albert Bifet said the DeepSeek revelation that tore through the US stockmarket on Monda...

More Markets

Lower bond yields lift NZ sharemarket
Markets Market Close

Lower bond yields lift NZ sharemarket

Lower bond yields have helped drive the NZ sharemarket sharply higher at the close.

Jamie Gray 30 May 2025
Turbulent market slashes 2 Cheap Cars' profit
Markets

Turbulent market slashes 2 Cheap Cars' profit

New Zealand’s continued economic downturn, a sharp fall in immigration and consequent softer market demand has driven a 47% drop in profit for 2 Cheap Cars.The company reported total revenue of $81.9 million with 7675 cars sold in the year to March 31, down 6% compared to $86.7m...

Staff reporters 30 May 2025
Pacific Edge launches $20m capital raise
Markets

Pacific Edge launches $20m capital raise

The raise will help the medtech company continue operations for another year.

Staff reporters 30 May 2025
King Salmon slashes earnings guidance
Primary Sector

King Salmon slashes earnings guidance

Reduced harvests are needed to build up fish stocks.

Staff reporters 30 May 2025