China may be about to burst Silicon Valley's AI bubble — and Wall Street is freaking out. U.S. tech stocks plunged on Monday, amid a wider market sell-off. The culprit: DeepSeek, a Chinese ... DeepSeek, a one-year-old startup, revealed a stunning capability last week: It presented a ChatGPT-like AI model called R1, which has all the familiar abilities, operating at a fraction of the ... A frenzy over an artificial intelligence chatbot made by Chinese tech startup DeepSeek was upending stock markets Monday and fueling debates over the economic and geopolitical competition between the U.S. and China in developing AI technology. DeepSeek’s AI assistant became the No. 1 downloaded free app on Apple’s iPhone store Monday ... Nvidia’s stock dropped 17% Monday, but the company in a statement commended DeepSeek’s work as “an excellent AI advancement” that leveraged “widely-available models and compute that is ... New Chinese AI app Deepseek impacting stock prices of Bay Area tech companies 04:16. The company released its latest AI model on Jan. 20, which is causing Wall Street to reappraise the AI sector.
DeepSeek, a one-year-old startup, revealed a stunning capability last week: It presented a ChatGPT-like AI model called R1, which has all the familiar abilities, operating at a fraction of the ...
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