Business Rundown: China's DeepSeek AI Spurs Tech Stock Spiral
Description
Nervous investors are confronting a morning of sliding tech stocks after Chinese startup DeepSeek proved they could run a ChatGPT-style AI model for a fraction of the cost.
Over the weekend, the Colombian president was fighting with the Trump administration over migrant deportation flights. President Trump then threatened to level 25 percent tariffs on them, and by Sunday night, Columbia had backed down and agreed to U.S. terms.
FOX Business correspondent Gerri Willis speaks with Annex Wealth Management Chief Economist Brian Jacobsen about why DeepSeek’s AI causing turbulence in the market is actually a buying opportunity. Later, he explains why tariffs are going to be a key tool for President Trump’s administration.
Photo Credit: AP
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