Tech stocks, particularly Nvidia, Microsoft, and Meta, suffered sharp declines following claims from the Chinese AI startup DeepSeek. The company asserts its latest large language AI model competes with those of US leaders such as OpenAI, achieved with minimal funding and resources. This news has sparked skepticism regarding the future of the AI boom in Silicon Valley, where investor confidence has driven soaring valuations. Additionally, DeepSeek's AI Assistant app has quickly ascended to the top of Apple's App Store, highlighting its impact on the AI landscape and raising questions about US market vulnerabilities.
DeepSeek's release of its large language AI model has raised doubts among investors about the potential of US AI companies to capitalize on their investments.
The claims from DeepSeek about its model's performance have stunned the AI community and sent tech stocks into a tailspin, revealing the volatility in the market.
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