New AI tools from Anthropic and OpenAI trigger massive tech stock selloff. Investors fear AI disruption threatens traditional software business models.

The apparent collapse of the widely reported $100 billion investment deal between Nvidia and OpenAI has sent shockwaves through the AI industry, with Nvidia CEO Jensen Huang clarifying the arrangement was never finalized. The development raises critical questions about circular funding models in AI and who will ultimately bear the costs of massive AI infrastructure expansion.

Major tech indexes tumble as investors reassess AI's impact on traditional software companies, with Nasdaq down over 1% amid sector-wide concerns.

Bloomberg reports China is entering 2026 with a fresh wave of technological advances powering markets, nearly a year after DeepSeek's AI breakthrough rattled global markets.