27 January 2025, 14:12 | Updated: 27 January 2025, 14:25

By Will Guyatt, technology correspondent

Deepseek-R1 has already struck fear into Wall Street, but not LBC's Will Guyatt.

Out of nowhere, Deepseek, a previously unknown Chinese tech start-up, has struck fear into the hearts of western tech businesses with its new Artificial Intelligence model, Deepseek-R1.

Based on the level of Silicon Valley drama over the weekend and Wall Street's alarming tech stock sell-off - it would appear many are both surprised and alarmed by the speed of progress and financial efficiency of its design - with other tech watchers calling this a "wake-up call."

If you take Deepseek's claims at face value - they are reported to have........

© LBC