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Power stocks plunge as AI energy needs questioned due to new China AI lab

The cooling towers of the Three Mile Island nuclear power plant in Middletown, Pennsylvania, Oct. 30, 2024. Danielle DeVries | CNBC Power companies that are most exposed to the tech sector’s data center boom plunged Monday, as the debut of China’s DeepSeek open-source AI laboratory led investors to question how much energy artificial intelligence applications will actually consume. Vistra closed …

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DeepSeek: all the news about the startup that’s shaking up AI stocks

A chatbot made by Chinese artificial intelligence startup DeepSeek has rocketed to the top of Apple’s App Store charts in the US this week, dethroning OpenAI’s ChatGPT as the most downloaded free app. The eponymous AI assistant is powered by DeepSeek’s open-source models, which the company says can be trained at a fraction of the cost using far fewer chips …

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