DeepSeek built a competing large language model (LLM) to OpenAI's ChatGPT, but claims that it trained the model with old Nvidia processors that aren't widely used anymore. This news has shellshocked technologists and analysts across Wall Street because if DeepSeek's methods of building highly capable AI can be done using legacy hardware,

DeepSeek sparked a global tech stock sell-off that cost Nvidia $600 billion in market value. But JPMorgan (JPM) Chase says the AI chipmaker is bound to benefit from the Chinese startup.