‘Sputnik moment’: US tech stocks in turmoil after Chinese firm unveils AI chatbot
Chinese startup’s $6m product raises doubts about sustainability of western artificial intelligence boomWhat is DeepSeek and why did US tech stocks fall?DeepSeek hit with ‘large-scale’ cyber-attackThe 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. Continue reading...
Chinese startup’s $6m product raises 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. Continue reading...
