What is DeepSeek? Low-cost AI model rattles markets

Wed, 29 Jan 2025 09:07:22 +0000

A low-cost AI model from Chinese startup DeepSeek had surpassed US rival ChatGPT in downloads from Apple's app store by Monday (Jan 27) after its free AI assistant was launched last week.

The new model's sudden rise sent global technology stocks crashing overnight, with leader Nvidia losing US$592.7 billion in market capitalisation, the biggest one-day loss for a Wall Street stock. More details here: https://cna.asia/3CsyJmg

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