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Technology

Jay Bonggolto

DeepSeek AI is crushing the competition and triggering an AI stock bloodbath

DeepSeek United States Nvidia

DeekSeek AI welcome page on a phone screen.

What you need to know

DeepSeek, a Chinese AI startup, is shaking up the tech world by outperforming Big Tech’s models with fewer resources and lower costs.
Its latest AI launch caused global market chaos: Nasdaq dropped 3%, S&P 500 slid 1.5%, and Nvidia lost a record $593 billion in one day.
DeepSeek claims its AI rivals top U.S. models like ChatGPT while being more cost-effective, sending shockwaves through the AI chip industry.

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