DeepSeek's daunting debut
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Technology
Technology
The Big Story
DeepSeek release spooks Silicon Valley, stock market
The rise in popularity of a high performing and cheaply built Chinese artificial intelligence (AI) model has shaken the confidence of investors and raised larger questions about the future of American-made AI.
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DeepSeek’s new AI model has taken the internet by storm, sparking a significant sell-off in the tech sector as investors fear the billions of dollars U.S. firms have invested into AI infrastructure may be unnecessary.
“It upends the way that investors have thought about how AI needed to be developed and implemented,” said Steve Sosnick, chief strategist at Interactive Brokers, who suggested the industry might be at an “inflection point.”
After launching its latest AI model, R1, last week, DeepSeek surged to the top of Apple’s App Store over the weekend. The application was the No. 1 free app on the store on Monday, while ChatGPT-maker OpenAI sat at the No. 2 spot.
DeepSeek claims its R1 open-source reasoning model has a........
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