China's DeepSeek and the tech market slump: What we need to know
DeepSeek, a Chinese AI startup, has developed an affordable AI model called R1, which has outperformed OpenAI's ChatGPT and caused a significant decline in US tech stocks. The company's unique approach requires less computational power and memory, challenging the financial strategies of major tech firms investing heavily in AI. DeepSeek's rapid rise highlights a potential shift in the AI industry.
DeepSeek, a Chinese AI startup, has developed an affordable AI model called R1, which has outperformed OpenAI's ChatGPT and caused a significant decline in US tech stocks. The company's unique approach requires less computational power and memory, challenging the financial strategies of major tech firms investing heavily in AI. DeepSeek's rapid rise highlights a potential shift in the AI industry.
