Tag: chinese intelligence
Chinese AI offering rattles Big Tech investors
The start of this week saw roughly $1 trillion wiped off leading US tech stocks, following the launch of Deepseek, a Chinese rival to AI offerings such as Microsoft ChatGPT. What has really spooked the markets is that the Chinese artificial intelligence (AI) assistant uses less data and generates lower all-round costs than its current Silicon Valley rivals. The expense of training and developing DeepSeek’s models is claimed to be only a small fraction of that required for OpenAI, putting into question the need to invest in the latest and most powerful AI accelerator chips from Nvidia. At the start of trading this week, Shares in Nvidia dropped a full10 percent and AI data analytics company Palantir lost seven percent in pre-market trading. Microsoft, Google’s parent company Alphabet, and Meta all also experienced a drop in their share price.
China ramps up cyber-attacks on the US
The latest US security breach attributed to systematic attempts by China to compromise US institutions and critical infrastructure has impacted the US Treasury. The intrusion is being billed as “a major cybersecurity incident”. According to a letter from the US Department of the Treasury: “The threat actor was able to override the service’s security, remotely access certain Treasury Departmental Office user workstations, and access certain unclassified documents maintained by those users… Based on available indicators, the incident has been attributed to a China state-sponsored Advanced Persistent Threat (APT) actor.”