How DeepSeek is upending AI and the tech industry
An artificial intelligence chatbot from Chinese tech startup DeepSeek has upended assumptions that U.S. tech giants hold a firm grip on AI development, leading to rattled investors and renewed security concerns. AI-related companies like Nvidia, Microsoft and Oracle saw sharp declines as DeepSeek's rally erased nearly $1.2 trillion in market capitalization value from global stock names, according to Bloomberg data. DeepSeek attracted attention when it said its AI model released last month could compete with similar ones, like OpenAI's ChatGPT, at a fraction of the cost. We need your help to stay independent Subscribe today to support Salon's progressive journalism In a research paper, DeepSeek said it used significantly fewer computer chips to build the technology than leading AI companies used for theirs.
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