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China's AI Stock Bubble Bursts, Erasing $480 Billion in Value

Futurism contrasts China's crash with continued AI spending

2 Oct 31 4:56 PM · 13d ago · 1 post · 1 source · development 2 of 3

Analysis notes that despite the rout, DeepSeek raised $15 billion in one of China's largest funding rounds and Huawei secured a $2.3 billion loan for AI chips, while drawing parallels to Western AI concerns such as Anthropic's disclosed $80 billion loss and plans to spend $1 trillion on data centers over the next decade.

Futurism contrasts China's crash with continued AI spending
finance.yahoo.com

“the fate of China’s AI industry may be a sign of things to come”

TechDesk/Futurism

Dong Baozhen Beijing-based fund managerHong Hao CIO, Lotus Asset Management (Hong Kong)Chen Wensheng Small investor, HainanChina Securities Regulatory Commission China's market regulatorDeepSeek Chinese AI company

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