JOHANNESBURG - Technology stocks fell today on worries that China may have moved ahead in the AI race.
A Chinese AI company DeepSeek released an open source artificial intelligence in December saying it only took two months and less than $6-million to create.
READ: Nasdaq slumps on Chinese AI upstart, Nvidia loses some $400 bn in value
The US has been dominant thus far in AI and the election of US President Donald Trump has seen stocks soaring.
Global Equity Analyst, Chris Willis discussed what this means with eNCA.