Nvidia founder and chief executive Jensen Huang said demand for the company’s new Blackwell chips has been ‘amazing’ and said the company had ‘successfully ramped up’ production.
DeepSeek said it had built an AI training model using Nvidia’s cheaper chips for under £5million - a fraction of the fortune that US tech firms were spending.
Shares in Nvidia, which makes semiconductors that power AI, crashed nearly 18 per cent on the day DeepSeek launched – wiping £500billion off its stock market valuation.
Its successful use of these cheaper chips in its AI app called into question other tech firms’ huge outlay on Nvidia’s more advanced – and expensive – semiconductors that are also deployed to train language models.
The tech titan last night reported that revenues soared 114 per cent to £103billion and earnings were up 145 per cent to £57.5billion in the 12 months to January 26.
