The $1 trillion shock: How China's DeepSeek shook the foundations of US tech
Nvidia experienced a historic $589 billion market value loss, triggered by Chinese startup DeepSeek's AI breakthrough. DeepSeek's affordable R1 AI model, rivaling top Silicon Valley models, raised concerns about sustainability and affected major tech stocks. This development signifies a significant challenge to US dominance in AI, prompting a reevaluation of AI investment economics.
Nvidia experienced a historic $589 billion market value loss, triggered by Chinese startup DeepSeek's AI breakthrough. DeepSeek's affordable R1 AI model, rivaling top Silicon Valley models, raised concerns about sustainability and affected major tech stocks. This development signifies a significant challenge to US dominance in AI, prompting a reevaluation of AI investment economics.
