The recent breakthroughs from Chinese startup DeepSeek have reverberated through international technology stocks after they launched a free chatbot that quickly topped the Apple App Store. Their new R1 AI models, which compete with leading products at a lower cost, have been deemed a pivotal moment for AI, echoing sentiments from influential investor Marc Andreessen. The shockwaves from these developments have led to severe stock declines for major firms like Nvidia and ASML. While established companies are grappling with this disruption, DeepSeek’s innovations may democratize AI accessibility globally.
DeepSeek's release of a new free chatbot and open-source AI models has dramatically impacted tech markets, pushing companies like Nvidia and ASML to significant losses.
Marc Andreessen describes DeepSeek's release as "AI's Sputnik moment," highlighting the profound implications of this low-cost AI technology for the future of the industry.
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