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    Nvidia responds to report claiming China's DeepSeek that wiped billions from US stock market in January 2025, is using 'banned' Nvidia chips

    22 hours ago

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    Nvidia has denied reports that Chinese AI startup DeepSeek is using smuggled Blackwell GPUs, calling the claims "far-fetched." The US has banned these advanced chips from export to China to maintain its AI lead. DeepSeek's previous AI model launch at a lower cost had already rattled US markets and sparked concerns about China's AI progress.
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