DeepSeek Sparks Global Tech Sell-Off as US AI Giants Face New Threat
The launch of China's AI chatbot DeepSeek has sent shockwaves through the global tech market, leading to significant sell-offs in US AI stocks. With DeepSeek's development costing a mere $5.6 million compared to the hefty $100 million to $1 billion by Western companies, the AI landscape is witnessing a potential paradigm shift. This unexpected move has triggered mixed reactions worldwide, raising eyebrows over the cost-effectiveness of AI development and the competitive standing of US companies.
Jan 28