FRANKFURT (dpa-AFX) – The latest success of the Chinese start-up DeepSeek in the field of artificial intelligence (AI) dampened the mood on the German stock market on Monday. The Dax had fallen by almost 1.5 percent in the meantime before recovering somewhat and ultimately ending trading 0.53 percent lower at 21,282.18 points. The leading German index had only reached a record high of 21,520 points on Friday. The VDax, a so-called fear barometer, rose sharply at the start of the week. It reflects the uncertainty among investors. The MDax of mid-caps fell by 0.02% to 26,104.10 points.
DeepSeek’s latest AI model is said to be cost-efficient and may require fewer powerful chips than the large models of established competitors. Although experts do not want to overestimate the latest developments, they still see risks for the US dominance in the trend topic of AI. “The euphoria surrounding artificial intelligence seems like a…
