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New Chinese AI chatbot DeepSeek sparks market turmoil for tech rivals

27 January 2025
in World
New Chinese AI chatbot DeepSeek sparks market turmoil for tech rivals
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Shares in major US technology firms have plunged following the rise of the low-cost Chinese AI chatbot DeepSeek, which has surpassed rivals in downloads. Developed using open source technology at a fraction of the cost, DeepSeek’s emergence has raised questions about US AI dominance and investments. The app’s success has sparked market turmoil, impacting stock prices and causing concerns about the future of the AI industry.

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Tags: chatbotChineseDeepSeekMarketRivalsSparksTechturmoil
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