Published by Global Banking & Finance Review®
Posted on January 29, 2025
1 min readLast updated: January 27, 2026
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Australia cautions against using China's DeepSeek AI, citing market and security concerns. Nvidia's stock was notably affected.
SYDNEY (Reuters) - Australia Treasurer Jim Chalmers on Wednesday urged Australians to be cautious when using Chinese AI model DeepSeek, the latest government to warn over its use.
"We would urge Australians to be cautious about this new technology," Chalmers told a news conference on Monday.
"Obviously we are constantly receiving advice on it."
DeepSeek, a low-cost Chinese artificial intelligence model that could threaten the dominance of U.S. rivals, roiled global markets when it was released this week, with AI chip leader Nvidia falling 17% on Monday before rebounding.
U.S. officials said on Tuesday they were investigating the national security implications of DeepSeek.
(Reporting by Alasdair Pal in Sydney; Editing by Himani Sarkar)
Chalmers urged Australians to be cautious about using the new Chinese AI model DeepSeek, highlighting the need for careful consideration of this technology.
The release of DeepSeek roiled global markets, notably causing Nvidia's stock to fall by 17%.
Yes, U.S. officials are investigating the national security implications of the DeepSeek AI model.
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