Business

Italy Takes Immediate Action: DeepSeek Blocked Amidst Data Protection Concerns

Italy's Bold Move Against DeepSeek

In a decisive move to safeguard user data, the Italian Data Protection Authority (GPDP) has ordered the immediate restriction of DeepSeek within the country. This action underscores Italy's commitment to protecting its citizens' digital privacy and security.

Investigation Launched

Alongside the restriction, the GPDP has initiated an investigation into DeepSeek. This probe aims to delve deeper into the company's operations and its adherence to data protection laws, reflecting the growing global concern over digital privacy.

Market Impact of DeepSeek V3

The controversy surrounding DeepSeek's latest model, V3, has had significant repercussions. Notably, its introduction caused a dramatic market downturn in the US, with Nvidia losing nearly $600 billion in market value. This highlights the profound influence of technological advancements on global markets.