DeepSeek nukes US stock market, 1 trillion lost

DeepSeek nukes US stock market, 1 trillion lost

#deepseek #ai #advancements #breakingnews

Advanced Chinese AI DeepSeek under attack. Chinese startup DeepSeek - whose new low-cost AI model rattled tech stocks Monday - suffered a large-scale cyberattack, causing it to temporarily limit registrations.
Earlier in the day, DeepSeek said it was hit by outages on its website after its AI assistant became the top-rated free app in Apple's U.S. App Store and overtook ChatGPT in downloads.
DeepSeek claims it uses cheaper chips and less data, challenging the idea that advanced semiconductors, like those made by Nvidia, are needed to run AI applications.
That sent major tech stocks tumbling, with shares of Nvidia falling as much as 17.8% at one point Monday morning. (Reuters)

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