Explained: Why China's DeepSeek triggered a slide in global AI stocks
Last night's trading session on Wall Street left tech and artificial intelligence companies reeling, with investors scrambling to make sense of the damage. Silicon Valley venture capitalist Marc Andreessen didn't mince words, calling DeepSeek's R1 model AI's "Sputnik moment." The comparison hits home—just as the Soviet Union's Sputnik launch kicked off the space race in the 1950s, DeepSeek's breakthrough could reshape the AI landscape. After watching its share price tank, Nvidia acknowledged DeepSeek's achievement but stood its ground, saying that its chips remain crucial to AI development. Subho Moulik, Founder and CEO, Appreciate, said, "The market's 'shoot first, ask questions later’ reaction to DeepSeek’s AI chatbot is another reminder of the AI industry’s tendency to jump the gun.
DeepSeek hasn’t just disrupted OpenAI. Chinese tech giants are being upended too
DeepSeek hasn’t just disrupted OpenAI. Chinese tech giants are being upended too
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