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Chinese artificial intelligence company DeepSeek has threatened the aura of invincibility surrounding America’s technology industry. The one-year-old startup revealed a stunning capability last week, causing US stocks to drop sharply on Monday — with American multinational tech company and AI chipmaker Nvidia losing nearly $US600 billion in market value.
What is DeepSeek and how does it compare to ChatGPT? DeepSeek presented a ChatGPT-like AI model called R1 which has all the familiar abilities, is free to use, and operates at a fraction of the cost of OpenAI’s, Google’s or Meta’s popular AI models. There are data and privacy concerns among US experts, with some DeepSeek prompts restricted.
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Chinese AI Startup DeepSeek Rocks Markets with Low-Cost ModelA newly launched Chinese AI model, R1, developed by DeepSeek, has sent shockwaves through global markets due to its impressive capabilities achieved at a fraction of the cost of leading US AI models. The revelation has sparked concerns about the dominance of American tech giants and prompted a reevaluation of investments in the AI sector.
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Nvidia Plunges on Fears of Chinese AI Competitor DeepSeekNvidia's stock price plummeted by 17%, wiping out a record $600 billion in market value, fueled by investor concerns over the emergence of DeepSeek, a Chinese AI startup offering comparable performance at a fraction of the cost. The selloff rippled through the tech sector, impacting major indexes like the S&P 500 and Nasdaq 100. DeepSeek's open-sourced AI model challenges the dominance of Western companies and raises questions about the return on investment for heavy AI spending.
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Nvidia Plunges as Chinese AI Startup DeepSeek Shakes Investor ConfidenceNvidia's stock price plummeted over 17%, wiping out $600 billion in market value, after investor concerns about the emergence of a low-cost AI competitor from China. DeepSeek's open-source AI model has sparked fears that US tech giants may have overinvested in AI development.
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Chinese AI Chatbot DeepSeek Shakes Tech MarketsInvestors reacted negatively to the emergence of DeepSeek, a Chinese chatbot rival to ChatGPT, leading to significant declines in US tech stocks. DeepSeek's success in developing a powerful AI model using less expensive chips raised concerns about US tech dominance and prompted questions about the sustainability of heavy investments in AI infrastructure.
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DeepSeek: Chinese AI Challenger Emerges as Cost-Effective AlternativeDeepSeek, a Chinese AI company, is making waves with its cost-efficient AI model, achieving performance comparable to OpenAI's GPT models at a fraction of the cost. The company's innovative approach and access to cheaper computing resources are raising eyebrows in the AI industry, particularly after its chatbot surged in popularity on Apple's App Store. DeepSeek's success challenges the narrative that achieving advanced AI requires massive investments in computing power and infrastructure.
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DeepSeek: Chinese AI Startup Challenges Global Tech Giants with Efficient, Open-Source ModelsDeepSeek, a year-old Chinese AI startup, has made waves in the tech world with its innovative open-source AI models that rival industry leaders in performance while reportedly requiring significantly less computational resources. The company's mobile app, which articulates its reasoning before responding to prompts, has skyrocketed to the top of app stores in multiple countries.
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