The week was a rollercoaster ride for the tech industry, with significant developments in the AI sector and the stock market. The emergence of China's DeepSeek R1 artificial intelligence model coincided with a $600 billion decline in Nvidia's market value. Meanwhile, Alibaba unveiled a new AI model, and Nvidia's CEO shared his vision for a future dominated by robotics. Here's a recap of the top stories.

Nvidia Acknowledges DeepSeek Amid Market Value Plunge

Nvidia Corp. (NASDAQ:NVDA) has recognized the potential of China's DeepSeek R1 artificial intelligence model. This acknowledgment came as DeepSeek's open-source AI model, developed for under $6 million, reportedly outperformed leading U.S. models like those from OpenAI. The news triggered a broader tech selloff, with Nvidia shares falling 17% and AI infrastructure stocks tumbling over 20%. Read the full article here.

Black Swan Author Warns of Market Rout

Nassim Taleb, author of "Black Swan," has warned investors about the fragility of wealth concentration in technology stocks, particularly highlighting Nvidia following its recent 17% decline. Taleb cautioned that the electric vehicle sector could follow a similar trajectory, citing historical examples such as General Motors Company (NYSE:GM). Read the full article here.

Alibaba Unveils Advanced AI Model

Chinese e-commerce giant Alibaba Group Holding (NYSE:BABA) released a new family of AI models, Qwen2.5-VL, that can parse files, comprehend videos, count objects in images, and control a PC. This model is similar to the one powering OpenAI's recently launched Operator. Read the full article here.

Nvidia CEO Envisions Robotic Future

Nvidia CEO Jensen Huang predicts a future dominated by robotics and artificial intelligence. "Everything that moves will be robotic someday, and it will be soon," Huang said, describing a world where autonomous vehicles and robotic assistance become commonplace. Read the full article here.

Nvidia RTX 5090 And 5080 Sell Out Instantly

Nvidia Corporation launched its RTX 5090 and 5080 graphics cards, only to see them sell out almost immediately. The highly anticipated Nvidia Series 5000 GPUs sold out rapidly, leaving many gamers frustrated. Read the full article here.

Image created using artificial intelligence via Midjourney.

This story was generated using Benzinga Neuro and edited by Navdeep Yadav.