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Here's your TNB Tech Minute for Monday, January 27th.

I'm Julie Chang for the Wall Street Journal.

Tech stocks tumbled today after a Chinese artificial intelligence company, Deepseek, said it trained

an AI model at a fraction of the cost of its Silicon Valley rivals. Invidia shares fell 17%, wiping out

about $593 billion from the company's market value.

Envidia's chips have been used to power many of the leading AI models.

The tech-heavy Nasdaq slid more than 3%. The S&P 500 sank 1.5%.

The Dow Jones Industrial Average, which is less weighted towards big tech, gained 0.7% for the day.

We're exclusively reporting that LinkedIn co-founder Reid Hoffman is teaming up with cancer researcher Sadartha Mukherjee on an

AI drug discovery startup. The company Manas AI is launching with $24.6 billion of initial funding.

It'll first focus on breast cancer, prostate cancer, and

lymphoma. Hoffman let the funding round with venture capital firm General Catalyst. Greylock,

the VC firm where Hoffman was once a general partner, is also investing. The startup will run

its AI systems and data centers owned by Microsoft, where Hoffman is on the board of

directors.

In recruiting startup, Merrcore has raised new funding at a $2 billion valuation.

...