TLDR

MARKET RECAP →  The S&P 500 (VOO) and Nasdaq (QQQ) tumbled Monday amid fears of an AI stock bubble bursting, sparked by reports that Chinese startup DeepSeek may have developed a competitive AI model at a fraction of Silicon Valley's multi-billion-dollar costs.

DEEPSEEK'S AI MODEL SHAKES TECH STOCKS → 📉 Nvidia's (NVDA) stock plunged over 15% after China's DeepSeek introduced a cost-effective AI model, sparking a global tech sell-off and challenging the scale of U.S. AI investments.

APPLE TURNS ITS AI ON BY DEFAULT IN LATEST UPDATE → Apple's (AAPL) latest software update activates Apple Intelligence by default, marking a milestone in its AI rollout. It paused controversial news summarization features and introduced clearer AI notifications, showcasing its focus on reliability and innovation. 🚀

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TODAY’S TOP NEWS

DeepSeek's AI Model Shakes Tech Stocks

Nvidia Shares Plummet: 📉 Nvidia's (NVDA) stock dropped over 15% on Monday after Chinese startup DeepSeek unveiled an AI model comparable to Western counterparts but developed at a fraction of the cost.

Broader Market Impact: 🌐 The announcement triggered a global tech sell-off, with companies like Microsoft (MSFT), Meta (META), and ASML (ASML) experiencing significant declines.

Industry Implications: 🤖 DeepSeek's achievement raises questions about the necessity of massive investments in AI infrastructure by U.S. firms, as it developed its model using fewer resources and older Nvidia chips.

TODAY’S TOP NEWS

Apple Turns Its AI On By Default In Latest Software Update

🔍 Apple Intelligence Takes Center Stage: Apple (AAPL) released iOS 18.3, iPadOS 18.3, and macOS Sequoia 15.3, enabling its AI feature, Apple Intelligence, by default on supported devices. This marks a significant step toward broader adoption of the suite, which includes tools like text rewriting, image generation, and email summarization. Users can disable the feature via the settings menu.

⚠️ Rolling Back Controversial Features: The update disables Apple Intelligence for news and entertainment apps after errors in AI-generated notifications, such as misrepresenting sports headlines, sparked controversy. Notifications created by AI will now appear italicized to differentiate them from app-generated alerts, addressing transparency concerns.

📈 Strategic AI Expansion: Apple’s cautious rollout prioritizes reliability and server capacity while promoting the integration of AI as a unique selling point. Currently in beta and limited to select countries, Apple Intelligence continues to refine its features, with plans to reintroduce updated news summarization capabilities in a future release.

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