Chinese AI Breakthrough "DeepSeek" Sends Shockwaves Through US Stock Market
Chinese AI Breakthrough "DeepSeek" Sends Shockwaves Through US Stock Market A major leap in artificial intelligence (AI) from China, known as "DeepSeek," has sent shockwaves through global markets, triggering a sharp decline in US tech stocks. The development, reported by CNN on January 27, highlights China's accelerating advancements in AI and their potential to disrupt the global tech landscape. DeepSeek, developed by Chinese firm DeepSeek Inc , is being hailed as a transformative AI system with applications across industries such as finance, healthcare, and autonomous systems. While specific technical details remain undisclosed, its reported capabilities suggest a significant improvement over existing AI models, raising concerns about its competitive impact on US tech giants. The announcement led to an immediate sell-off in US markets, with the Nasdaq Composite dropping over 3% in early trading. Shares of major AI-focused companies, including Alphabet,...