Finance

Siemens Energy and GE Vernova hammered in DeepSeek AI shares rout

Energy technology giants see 20% falls as Chinese newcomer casts doubt on level of power needed for AI

The DeepSeek app on a smartphone screen. The Chinese newcomer casts doubt on level of power needed for AI.
The DeepSeek app on a smartphone screen. The Chinese newcomer casts doubt on level of power needed for AI.Photo: AP/SCANPIX
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Published 28 January 2025, 07:50Updated 28 January 2025, 07:50
artificial intelligenceSiemens EnergyGE VernovaDeepSeekTechnology