Stock Track | KNOWLEDGE ATLAS Plummets 10.51% Intraday on Competitive Pressure from DeepSeek's New AI Model

Stock Track04-24

KNOWLEDGE ATLAS (stock code: 02513) experienced a sharp decline intraday, with its stock price plummeting 10.51%.

The significant drop is attributed to heightened competitive pressure within China's AI sector. According to a Reuters report, the launch of a preview for DeepSeek's new V4 model, which is adapted for Huawei chip technology, sent shares of rival AI companies tumbling. The report specifically noted that Zhipu AI, which is KNOWLEDGE ATLAS, lost 9% following the news.

DeepSeek's close collaboration with Huawei on the new model underscores China's push for technological self-sufficiency in AI, creating a more challenging competitive landscape for existing players like KNOWLEDGE ATLAS.

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