What is DeepSeek and why did it cause tech stocks to drop?
An AI-powered chatbot by the Chinese company DeepSeek has quickly become the most downloaded free app on Apple’s store, following its January release in the US. The app’s sudden popularity, as well as DeepSeek’s reportedly low costs compared to those of US-based AI companies, have thrown financial markets into a spin. Silicon Valley venture capitalist […]
American AI firms try to poke holes in disruptive DeepSeek
SAN FRANCISCO, Jan 28 – Developers at leading U.S. AI firms are praising the DeepSeek AI models that have leapt into prominence while also trying to poke holes in the notion that their multi-billion dollar technology has been bested by a Chinese newcomer’s low-cost alternat ive. Chinese startup DeepSeek on Monday sparked a stock selloff and […]