market plunge
DeepSeek AI challenge to Nvidia reverberates in Abu Dhabi, Dubai
G42 and International Holding Co., which have billion-dollar deals with Nvidia, stand to lose if China's DeepSeek can follow through with its AI model
NVIDIA
UAE Minister of State for AI Omar Al Olama with Nvidia CEO Jensen Huang in Dubai last February
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The emergence of DeepSeek, the Chinese startup whose artificial intelligence capabilities rival those of Nvidia and triggered a 17% plummet in the U.S. chipmaker’s shares, is being felt in the Gulf.G42, International Holding Co. and other Abu Dhabi companies that have...