Elon Musk is not convinced with China's AI chatbot DeepSeek that rattled the US tech market and wiped out billions from them. The Tesla CEO remains skeptical about DeepSeek, which caused a $500 billion drop in Nvidia’s market cap.

Elon Musk doubts DeepSeek's claims about their AI capabilities, suspecting they possess significantly more Nvidia GPUs than disclosed. This comes amid

DeepSeek has disrupted the foundations of major American companies such as Nvidia, OpenAI, Google, and Meta, all of whom have dominated the AI sector for years.

Altman and Musk were OpenAI’s founding co-chairs in 2015, but their relationship has devolved into name-calling and lawsuits.

DeepSeek has shook the tech world with its cost-effective open-source models. The AI startup has received praises from all corners of the world including from its competitor OpenAI.

Elon Musk doesn’t miss an opportunity to take a dig at OpenAI — even when the news item in question is supposed to be favorable to President Trump. Just a few hours after yesterday’s White House presser on The Stargate Project wrapped up, Musk posted on X that “they don’t actually have the money.”

Elon Musk, whose geopolitical influence has grown because of his ties to the incoming Trump administration. Nvidia’s sharp turn of fortunes illustrates much deeper problems that investors are ...

In a CNBC interview, Scale AI’s CEO Alexandr Wang disclosed that DeepSeek holds over 50,000 NVIDIA H100 chips, restricted from public discussion due to US export regulations. This revelation sparks discussions on AI competition and the impact of tech restrictions on international companies.

Meanwhile, a slew of other tech executives including Elon Musk, Jeff Bezos and Mark Zuckerberg are reportedly set to attend the events on Monday.

Nvidia's stock underperforms due to a $6M open-source threat. Learn why NVDA stock faces risks from high valuation and rising competition in AI technology.