Chinese AI App DeepSeek Surpasses ChatGPT, Sparks Dramatic Market Shifts
DeepSeek, the newly released Chinese AI application, has quickly become the most downloaded free app in the US App Store. Developed with just $5.6 million, it contrasts sharply with ChatGPT's $5 billion investment. The app's release led to a 17% drop in Nvidia shares, wiping out $600 billion market value, prompting concerns over US technological dominance.
Jan 28