Emergence of DeepSeek raises doubts about sustainability of western artificial intelligence boom
What is DeepSeek and why did US tech stocks fall?DeepSeek hit with ‘large-scale’ cyber-attack
The race for domination in artificial intelligence was blown wide open on Monday after the launch of a Chinese chatbot wiped $1tn from the leading US tech index, with one investor calling it a “Sputnik moment” for the world’s AI superpowers.
Investors punished global tech stocks on Monday after the emergence of DeepSeek, a competitor to OpenAI and its ChatGPT tool, shook faith in the US artificial intelligence boom by appearing to deliver the same performance with fewer resources.