DeepSeek's recent launch of its R1 open-source reasoning model sent shockwaves through the AI sector, presenting a competitive challenge to OpenAI's offerings. Its popularity surged, becoming the most downloaded app on Apple's App Store. Consequently, Nvidia, a leading manufacturer of AI chips, suffered an unprecedented market downturn, losing nearly $600 billion in a single day. This event indicates the potential for significant shifts in the AI landscape, triggering widespread concern among investors and market analysts about the future of AI valuations and the tech competition between the U.S. and China.
DeepSeek's R1 reasoning model has created significant disruption in the AI community, rivaling OpenAI's offerings at a fraction of the cost.
The release of DeepSeek's app led to a staggering $600 billion loss in Nvidia's market value, marking the largest one-day loss in U.S. history.
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