Chinese DeepSeek AI model has investors in NVIDIA and other tech stocks spooked

The development landscape for artificial intelligence has experienced another shift following the appearance of DeepSeek AI, an open-source Language Model (LLM) that’s accessible and cost-free to utilize on both computers and mobile devices. The corporation responsible for DeepSeek claims they created this AI assistant within a mere two months, with a budget of $6 million. Since its debut, the stock value of AI titan NVIDIA has dropped by 17%.

Since its launch, DeepSeek AI has rapidly gained a massive following, outpacing ChatGPT to claim the title of the top free application on Apple’s App Store. It also ranks as the second most popular free productivity tool on the Google Play Store.

Among all tech companies, none has reaped greater financial rewards from the surge in artificial intelligence (AI) quite like NVIDIA. Over numerous quarters, this GPU manufacturer has seen unprecedented success, yet its stock value has dipped by 17% as DeepSeek gathers steam and captivates audiences with its momentum. As a dedicated fan, I’ve witnessed this remarkable journey firsthand, and I eagerly await the company’s next moves to maintain their dominance in the AI sector.

In approximately two months and with a more affordable investment of around $6 million, the team responsible for DeepSeek AI claims they’ve successfully developed their Large Language Model (LLM). As the tech community shows growing interest in DeepSeek, keep an eye out for further updates about this project right here on Shacknews.

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2025-01-27 22:57