DeepSeek’s low-cost model rattles Australian AI shares

Australian stocks that are exposed to the artificial intelligence wave fell sharply on Tuesday as investors feared the emergence of a low-cost AI model from Chinese startup DeepSeek would threaten the dominance of current market leaders. Shares of AI software firm Appen fell 3.3%, while AI chipmaker Brainchip lost 10.3% by 0029 GMT. The technology sub-index was down 1%.   [#item_con

Australian stocks that are exposed to the artificial intelligence wave fell sharply on Tuesday as investors feared the emergence of a low-cost AI model from Chinese startup DeepSeek would threaten the dominance of current market leaders. Shares of AI software firm Appen fell 3.3%, while AI chipmaker Brainchip lost 10.3% by 0029 GMT. The technology sub-index was down 1%.

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