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How DeepSeek Shook Up Silicon Valley and Wiped Out Nearly $1T
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Subscribe30 JAN 2025 / TECHNOLOGY
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Chinese startup DeepSeek created a cost-effective yet powerful AI model, DeepSeek-V3 and R1, causing a seismic shift in the tech industry and wiping out nearly $1 trillion in market value from U.S. tech giants such as Nvidia and Microsoft. As these AI offerings were 96% cheaper compared to the GPT-4 models from OpenAI, and became the most downloaded app in the U.S, allegations of unauthorized usage of OpenAI's data outputs arose, prompting investigations by OpenAI and Microsoft even as the development challenges current U.S. AI dominance and raises questions about future AI innovation, efficiency, open-source model threats, and China's workaround U.S. sanctions on AI tech.
The AI world just had its biggest shake-up in years. A little-known Chinese startup, DeepSeek, released an earth-shattering AI model so powerful and so cheap, it sent shockwaves through the tech industry, wiping out nearly $1 trillion in market value from...
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