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Is artificial intelligence really worth the hype?

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Investors are reevaluating prominent companies swept up in AI fever.

Investors are reevaluating prominent companies swept up in AI fever.

PHOTO: AFP

Jeff Sommer

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Artificial Intelligence (AI) chatbots are fun, sometimes even useful and, until recently, endowed with the uncanny ability to mesmerise investors and fuel the US stock market.

But the excellent performance of

a new, relatively cheap AI engine from a Chinese start-up, DeepSeek,

has perturbed the market and complicated the AI story.

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