DeepSeek panic triggers tech stock sell-off as Chinese AI tops App Store
Briefly

Recent discussions on social media suggest American tech giants, such as OpenAI and Google, might not remain dominant in the face of innovative competition from companies like DeepSeek. Venture capitalist Marc Andreessen praised DeepSeek's R1 model, which has gained significant attention and popularity, rapidly climbing the US iPhone App Store ranks. Speculation around the app's support has sparked theories of astroturfing linked to Chinese users. Analysts believe the perceived rivalry between the US and China in AI should be contextualized rather than exaggerated, addressing investor panic reflected in stock market shifts.
It suddenly seemed to many observers on social media that American tech companies like OpenAI and Google have 'no moat', indicating emerging market challengers.
Marc Andreessen's endorsement of DeepSeek R1 as one of the 'most amazing breakthroughs' magnifies the growing enthusiasm surrounding the app and its technological innovations.
Read at Ars Technica
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