‘Sputnik moment’: $1tn wiped off US stocks after Chinese firm unveils AI chatbot
by Dan Milmo, Amy Hawkins, Robert Booth and Julia Kol from Technology | The Guardian on (#6TVGK)
Trump calls emergence of DeepSeek a wake-up call' amid doubts about sustainability of western artificial intelligence boom
The race for domination in artificial intelligence was blown wide open on Monday after the launch of a Chinese chatbot wiped $1tn from the leading US tech index, with one investor calling it a Sputnik moment" for the world's AI superpowers.
Investors punished global tech stocks on Monday after the emergence of DeepSeek, a competitor to OpenAI and its ChatGPT tool, shook faith in the US artificial intelligence boom by appearing to deliver the same performance with fewer resources.
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