‘Sputnik moment’: $1tn wiped off US stocks after Chinese firm unveils AI chatbot
Trump calls emergence of DeepSeek a ‘wake-up call’ amid doubts about sustainability of western artificial intelligence boom
The race for domination in artificial intelligence was blown wide open on Monday after the launch of a Chinese chatbot wiped $1tn from the leading US tech index, with one investor calling it a “Sputnik moment” for the world’s AI superpowers.
Investors punished global tech stocks on Monday after the emergence of DeepSeek, a competitor to OpenAI and its ChatGPT tool, shook faith in the US artificial intelligence boom by appearing to deliver the same performance with fewer resources.
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The stock market ‘is telling us that cheap, open-source AI is a good thing’ after DeepSeek rout
Investors aren’t ignoring the upsides of cheaper AI models despite Monday’s DeepSeek-inspired stock-market panic.MarketWatch - 3h -
Chinese AI chatbot DeepSeek censors itself in realtime, users report
Depending on version downloaded, app approaches its answers with preamble of reasoning that it then erases. We tried out DeepSeek. It worked well, until we asked it about Tiananmen Square and ...The Guardian - 4h -
Who is behind DeepSeek and how did it achieve its AI ‘Sputnik moment’?
Liang Wenfeng, who founded the firm just two years ago, says his aim is ‘not to lose money, nor to make huge profits’. James Vincent : DeepSeek panic reveals an AI world ready to blow Nils ...The Guardian - 5h -
This man wiped $600 billion off Nvidia’s valuation by marrying quant trading with AI
DeepSeek was created by a top Chinese quantitative trading firm. It’s not unusual for Wall Street quant luminaries to try their hand at tech.MarketWatch - 1d -
Chinese AI DeepSeek jolts Silicon Valley, giving the AI race its 'Sputnik moment'
A small lab in China has shaken Silicon Valley.NBC News - 1d -
Chinese AI startup DeepSeek sends U.S. stocks tumbling
Chinese artificial intelligence company DeepSeek is sending shockwaves through Wall Street. CBS News MoneyWatch correspondent Kelly O'Grady has the details on that and the latest on TikTok.CBS News - 1d -
Chinese AI applications now have bigger aims — they're looking beyond chatbots
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