The introduction of DeepSeek, a Chinese artificial intelligence company, has led to a sharp decline in U.S. tech stocks, amid a broader market selloff. DeepSeek launched a low-cost AI model that quickly became the most-downloaded free app on Apple's U.S. app store, displacing OpenAI's ChatGPT. Major companies like Nvidia saw significant stock drops, prompting concerns over the sustainability of high investments in AI by U.S. tech firms. As investors prepare to question Big Tech's AI strategies, this shift may signal a critical turning point in the tech industry's landscape.
DeepSeek, a Chinese AI company, has disrupted the U.S. tech market, highlighting concerns over the sustainability of American investments in AI.
The emergence of DeepSeek's low-cost AI model has caused a significant selloff in U.S. tech stocks, raising questions about the viability of Silicon Valley's AI bubble.
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