DeepSeek Sparks ‘Sputnik Moment’: $1 Trillion Vanishes From US Stocks In AI Race
28 Jan 2025
The global artificial intelligence race witnessed a seismic shift as the launch of DeepSeek, a Chinese-developed chatbot, sent shockwaves through US tech markets. Dubbed a "Sputnik moment" by investors, the emergence of DeepSeek wiped over $1 trillion off the Nasdaq Composite Index, sparking a re-evaluation of AI investments. DeepSeek, positioned...
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