Current:Home > MarketsDeepSeek: Did a little known Chinese startup cause a 'Sputnik moment' for AI? -Zenith Investment School
DeepSeek: Did a little known Chinese startup cause a 'Sputnik moment' for AI?
View
Date:2025-04-17 17:31:16
Did AI just have a "Sputnik moment"?
That's what someinvestors, after the little known Chinese startup DeepSeek released a chatbot that experts say holds its own against industry leaders, like OpenAI and Google, despite being made with less money and computing power.
Buzz around DeepSeek built into a wave of concern that hammered tech stocks on Monday. It wiped almost $600bn from chipmaker Nvidia's market value.
Not iterative or evolutionary, but pathbreaking
"This is, I think, something that has really shown to some degree how much the U.S. was living in a bubble," said Antonia Hmaidi, a senior analyst at the Mercator Institute for China Studies in Berlin.
veryGood! (7)
Related
- The 401(k) millionaires club keeps growing. We'll tell you how to join.
- DJ Khaled Shares Video of His Painful Surfing Accident
- 2022 marked the end of cheap mortgages and now the housing market has turned icy cold
- From Twitter chaos to TikTok bans to the metaverse, social media had a rocky 2022
- Warm inflation data keep S&P 500, Dow, Nasdaq under wraps before Fed meeting next week
- Trump’s New Clean Water Act Rules Could Affect Embattled Natural Gas Projects on Both Coasts
- Tori Bowie’s Olympic Teammates Share Their Scary Childbirth Stories After Her Death
- High School Graduation Gift Guide: Score an A+ With Jewelry, College Basics, Travel Needs & More
- What do we know about the mysterious drones reported flying over New Jersey?
- In Florida, Environmental Oversight Improves Under DeSantis, But Enforcement Issues Remain
Ranking
- Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
- Across America, Five Communities in Search of Environmental Justice
- U.S. Electric Bus Demand Outpaces Production as Cities Add to Their Fleets
- The case of the two Grace Elliotts: a medical bill mystery
- Trump wants to turn the clock on daylight saving time
- A Pandemic and Surging Summer Heat Leave Thousands Struggling to Pay Utility Bills
- Union wins made big news this year. Here are 5 reasons why it's not the full story
- How Britain Ended Its Coal Addiction
Recommendation
Have Dry, Sensitive Skin? You Need To Add These Gentle Skincare Products to Your Routine
Ohio Governor Signs Coal and Nuclear Bailout at Expense of Renewable Energy
Can America’s First Floating Wind Farm Help Open Deeper Water to Clean Energy?
In defense of gift giving
The Louvre will be renovated and the 'Mona Lisa' will have her own room
As Rooftop Solar Grows, What Should the Future of Net Metering Look Like?
For 3 big Alabama newspapers, the presses are grinding to a halt
In this country, McDonald's will now cater your wedding