Reports: US Investigating DeepSeek's Acquisition of Nvidia AI Chips via Singapore and Other Countries

The U.S. Commerce Department is currently investigating whether DeepSeek has illicitly smuggled AI chips through Malaysia and other countries to circumvent restrictions aimed at preventing advanced chips from reaching China. The release of DeepSeek's new AI model has triggered a significant decline in Nvidia's shares, leading to a market capitalization loss of nearly $600 billion. DeepSeek asserts that it developed its model using Nvidia chips from previous generations that are legally obtainable, notwithstanding concerns about potential smuggling activities. Following the launch of DeepSeek's AI assistant, the app quickly became the most downloaded application in the Apple App Store, contributing to a staggering $1 trillion loss in U.S. Tech stocks.