Current:Home > StocksDeepSeek: Did a little known Chinese startup cause a 'Sputnik moment' for AI? -Wealth Momentum Network
DeepSeek: Did a little known Chinese startup cause a 'Sputnik moment' for AI?
View
Date:2025-04-15 06:48:49
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! (933)
Related
- What were Tom Selleck's juicy final 'Blue Bloods' words in Reagan family
- Nissan issues 'do not drive' warning for some older models after air bag defect linked to 58 injuries
- IRS makes free tax return program permanent and is asking all states to join in 2025
- House Ethics Committee investigating indicted Rep. Henry Cuellar
- Global Warming Set the Stage for Los Angeles Fires
- What’s at stake in the European Parliament election next month
- Turkey signals new military intervention in Syria if Kurdish groups hold municipal election
- Early results in South Africa’s election put ruling ANC below 50% and short of a majority
- The White House is cracking down on overdraft fees
- Albanian soccer aims for positive political message by teaming with Serbia to bid for Under-21 Euro
Ranking
- Trump suggestion that Egypt, Jordan absorb Palestinians from Gaza draws rejections, confusion
- One Tech Tip: Want to turn off Meta AI? You can’t — but there are some workarounds
- Gypsy Rose Blanchard Shares When She Knew Former Fiancé Ken Urker Was The One
- Police say suspect, bystander hurt in grocery store shootout with officers
- Man can't find second winning lottery ticket, sues over $394 million jackpot, lawsuit says
- ‘It’s just me, guys,’ Taylor Swift says during surprise set as fans cheer expecting guest
- A flurry of rockets will launch from Florida's Space Coast this year. How to watch Friday
- Nigeria’s new anthem, written by a Briton, sparks criticism after a contentious law is passed
Recommendation
Who are the most valuable sports franchises? Forbes releases new list of top 50 teams
Nebraska volleyball coach John Cook's new contract is designed to help him buy a horse
'Game of Thrones' author George R.R. Martin says book adaptations almost always 'make it worse'
North Korea’s trash rains down onto South Korea, balloon by balloon. Here’s what it means
Nearly 400 USAID contract employees laid off in wake of Trump's 'stop work' order
UN chief cites the promise and perils of dizzying new technology as ‘AI for Good’ conference opens
Top McDonald's exec says $18 Big Mac meal is exception, not the rule
North Korea’s trash rains down onto South Korea, balloon by balloon. Here’s what it means