![The moving wheels of history offered a DeepSeek lesson The moving wheels of history offered a DeepSeek lesson](https://cdn.magzter.com/1591272633/1738126129/articles/obv5lXGhU1738140321162/THE-MOVING-WHEELS-OF-HISTORY-OFFERED-A-DEEPSEEK-LESSON.jpg)
The past teaches us that – but then how many of today’s tech titans pay any regard to yesteryear?
Look at what occurred on Monday with Nvidia. There was the US chipmaker, seemingly impervious to anything, the world’s most valuable company, and along comes Chinese start-up DeepSeek with news it can undercut the market in AI technology – and Nvidia crashes. The shares that rose 171 per cent in 2024 and 239 per cent in 2023, to help produce a corporation worth $3.45 trillion (£2.8 trillion), collapsed. They were off a historic 17 per cent, wiping $589bn off its market capitalisation.
Nvidia makes chips for graphic processing units, or GPUs, used to develop and deploy AI software such as OpenAI’s ChatGPT. It holds the strongest position in the burgeoning industry. Nothing could touch it. Or at least that appeared to be the case until DeepSeek said it could do similar for less.
This story is from the January 29, 2025 edition of The Independent.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
![The moving wheels of history offered a DeepSeek lesson The moving wheels of history offered a DeepSeek lesson](https://files.magzter.com/resize/magazine/1591272633/1738126129/view/1.jpg)
![Gold Icon](/static/images/goldicons/gold-sm.png)
This story is from the January 29, 2025 edition of The Independent.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
![The Brutalist and Conclave share main spoils at Baftas The Brutalist and Conclave share main spoils at Baftas](https://reseuro.magzter.com/100x125/articles/22095/1997444/UBBtvwzBz1739775276723/THE-BRUTALIST-AND-CONCLAVE-SHARE-MAIN-SPOILS-AT-BAFTAS.jpg)
The Brutalist and Conclave share main spoils at Baftas
Emilia Perez controversy fails to overshadow the event
![Ukraine and Europe face exclusion from US-led talks Ukraine and Europe face exclusion from US-led talks](https://reseuro.magzter.com/100x125/articles/22095/1997444/eHod1Xbr61739775564939/UKRAINE-AND-EUROPE-FACE-EXCLUSION-FROM-USLED-TALKS.jpg)
Ukraine and Europe face exclusion from US-led talks
A senior White House team is heading to Saudi Arabia ahead of possible peace talks on Ukraine amid consternation that the country is being left out of negotiations over its own future.
!['Crying' Letby is innocent, claims former nursing boss 'Crying' Letby is innocent, claims former nursing boss](https://reseuro.magzter.com/100x125/articles/22095/1997444/v7yDKs7Mi1739775421273/CRYING-LETBY-IS-INNOCENT-CLAIMS-FORMER-NURSING-BOSS.jpg)
'Crying' Letby is innocent, claims former nursing boss
A retired head of nursing at Lucy Letby's hospital has said the convicted killer is innocent, describing meetings with the nurse who \"cried in my arms\".
![Starmer prepared to send British troops to Ukraine Starmer prepared to send British troops to Ukraine](https://reseuro.magzter.com/100x125/articles/22095/1997444/yyBgd_Cfg1739774842586/STARMER-PREPARED-TO-SEND-BRITISH-TROOPS-TO-UKRAINE.jpg)
Starmer prepared to send British troops to Ukraine
Sir Keir Starmer has announced he is willing to put British troops \"in harm's way\" on the ground in Ukraine to face down Vladimir Putin's forces.
![Zelensky 'trusts Trump' but says US must ‘hear' Ukraine Zelensky 'trusts Trump' but says US must ‘hear' Ukraine](https://reseuro.magzter.com/100x125/articles/22095/1997444/ppb9ztWwL1739775639660/ZELENSKY-TRUSTS-TRUMP-BUT-SAYS-US-MUST-HEAR-UKRAINE.jpg)
Zelensky 'trusts Trump' but says US must ‘hear' Ukraine
Ukrainian president Volodymyr Zelensky spoke about his recent phone call with Donald Trump and his stance on a possible peace agreement with Russia during an interview on US television yesterday.
!['Something is destroyed inside Palestinians and I'm not sure if it can be healed' 'Something is destroyed inside Palestinians and I'm not sure if it can be healed'](https://reseuro.magzter.com/100x125/articles/22095/1997444/zqNPAG5281739775715367/SOMETHING-IS-DESTROYED-INSIDE-PALESTINIANS-AND-IM-NOT-SURE-IF-IT-CAN-BE-HEALED.jpg)
'Something is destroyed inside Palestinians and I'm not sure if it can be healed'
Amani Ahmed left Gaza as war broke out and was apart from family for months. She tells Alex Croft about life in the UK
!['I've spent half my life in prison for stealing a phone' 'I've spent half my life in prison for stealing a phone'](https://reseuro.magzter.com/100x125/articles/22095/1997444/_xyHAX6YL1739775030381/IVE-SPENT-HALF-MY-LIFE-IN-PRISON-FOR-STEALING-A-PHONE.jpg)
'I've spent half my life in prison for stealing a phone'
Leroy Douglas begs for freedom, describing his indefinite term as 'cripplingly cruel' as he nears 20 years behind bars
![FBI to help find Southport murderer's search history FBI to help find Southport murderer's search history](https://reseuro.magzter.com/100x125/articles/22095/1997444/9jew7rRZh1739775502116/FBI-TO-HELP-FIND-SOUTHPORT-MURDERERS-SEARCH-HISTORY.jpg)
FBI to help find Southport murderer's search history
The FBI and US Department of Justice have agreed to help UK police investigate Southport killer Axel Rudakubana.
!['Mourinho would FaceTime me to ask what I'm doing' 'Mourinho would FaceTime me to ask what I'm doing'](https://reseuro.magzter.com/100x125/articles/22095/1997444/cFI3W9ADR1739776253547/MOURINHO-WOULD-FACETIME-ME-TO-ASK-WHAT-IM-DOING.jpg)
'Mourinho would FaceTime me to ask what I'm doing'
Former Man United star Jesse Lingard tells Miguel Delaney about leaving his boyhood club, ‘what might have been’ with England, and how life at FC Seoul has revitalised his career
![Spurs edge United in truly low-quality mid-table clash Spurs edge United in truly low-quality mid-table clash](https://reseuro.magzter.com/100x125/articles/22095/1997444/UnoFye29g1739776042823/SPURS-EDGE-UNITED-IN-TRULY-LOWQUALITY-MIDTABLE-CLASH.jpg)
Spurs edge United in truly low-quality mid-table clash
Towards the end of Tottenham Hotspur’s 1-0 win over Manchester United, with the game still in the balance, both Brennan Johnson and Patrick Dorgu lost theirs.