The article discusses the significant market disruption following the release of China's DeepSeek language model during January 2025. This new AI development caused the US stock market to lose over a trillion dollars in value almost immediately. Analysts examine the implications of DeepSeek, especially in the context of its ability to perform competitively using less advanced chip technology. Experts warn of heightened competitive tensions between the US and China in the AI sector, similar to historical rivalries exemplified by the Space Race.
"To say the Chinese large language model has caused an upset in the market would be an understatement. Within days of its release, it wiped more than a trillion dollars off the US stock market."
"In making the claim that using relatively underpowered chips, specifically chips that China can still import, DeepSeek has been able to make a model that rivals some of OpenAI's best models, it scared a lot of investors."
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