DeepSeek Dominates Apple's App Store, Sending Shockwaves Across Tech Stocks
DeepSeek, a Chinese AI chatbot, has surged to the top of Apple's App Store, outshining competitors like ChatGPT and prompting a significant selloff in major tech stocks including Nvidia, Microsoft, and Meta. Developed using creative solutions despite US chip restrictions, DeepSeek's success raises questions about AI investment costs and industry dynamics.
Jan 27