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Brief
On 29/01/2025, the Ministry of Trade issued an update regarding Big Tech Under Pressure as China’s Deepseek Raises Doubts About Billion-Dollar Spending. DeepSeek's cheaper AI technology is expanding investor scrutiny on US tech giants' massive spending on this technology, with Nvidia's less advanced H800 chips being used to create a competitive AI model in just two months at a cost of under 6 million dollars.
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