DeepSeek R1 was launched in the world markets, it took the entire AI industry by storm and created a major ruckus in the US stock market. Due to the stiff challenge posed by DeepSeek R1, US investors have now begun questioning the overall profitability of AI, and the wrath is now being suffered by Nvidia, OpenAI, Meta, Amazo, and other related AI stocks in recent trading.
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China's internet is simply loving the development around DeepSeek AI and how it has turned out to be an overnight sensation. Chinese social media users are labeling DeepSeek AI's founder Liang Wenfend as a 'genius' for his stupendous achievements, with many even referring to him as the 'AI hero of Guangdong', says a Business Insider report.
US tech stocks took a major beating on Wall Street as soon as DeepSeek R1 received a top rating at Apple's app store, surpassing the likes of OpenAI's ChatGPT in initial popularity. Moreover, the fact that DeepSeek AI, the China-based startup company developed their AI model using cheaper techniques and resources is something that is also surprising US investors, who are fearing the future of the AI market in the US. Moreover, there are fears whether Silicon Valley companies will be able to stay ahead in this race, where China has started to bounce back.
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