The launch of DeepSeek, a Chinese AI chatbot, has created turmoil in global tech markets, particularly in Asia and Europe. The new AI model, which reportedly outperforms OpenAI's ChatGPT and uses fewer chips for production, raised skepticism regarding US companies' recent AI investments. Major stock indices, including the Nasdaq and Europe's Stoxx 600, declined as investors reacted to this disruptive competition. Insights from notable investors, like Marc Andreessen, have framed this moment as a significant turning point, highlighting the urgency for the US tech industry amid increasing foreign competition.
Tech shares in Asia and Europe declined as DeepSeek, a new Chinese AI chatbot, raised concerns over the sustainability of the US artificial intelligence boom.
DeepSeek claims its AI model uses fewer chips than competitors and outperforms them, leading to potential reevaluation of AI investment strategies by US companies.
Marc Andreessen likened DeepSeek's launch to a 'Sputnik moment' for AI, emphasizing its potential as a pivotal point in the AI race.
The significant decline in tech stocks reflects investors' growing apprehension about the rising competition from DeepSeek and implications for the US tech market.
Collection
[
|
...
]