China's DeepSeek Triggers Global AI Stock Sell-Off
Briefly

Investors pulled back from AI-linked stocks following the introduction of DeepSeek, a new Chinese AI startup, which launched a low-cost assistant that quickly surpassed ChatGPT in downloads. This led to significant declines in tech-heavy indices, with Nvidia dropping over 15%. The disruption sparked fears over the demand for related resources and technology, making headlines globally, especially in semiconductor markets. Experts suggest that if DeepSeek's model proves revolutionary, it could democratize AI and foster innovation while challenging existing industry leaders.
"If DeepSeek proves to be a disruptive 'better mousetrap,' it could reshape the AI narrative. This may mean reduced demand for chips, power, and data centers, but it could also democratize AI and drive innovation in new applications."
"DeepSeek R1 is one of the most profound breakthroughs I've seen - an open-source gift to the world," stated Silicon Valley venture capitalist Marc Andreessen, emphasizing the significance of the AI assistant.
Read at Medium
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