Current:Home > StocksDeepSeek: Did a little known Chinese startup cause a 'Sputnik moment' for AI? -Elite Financial Minds
DeepSeek: Did a little known Chinese startup cause a 'Sputnik moment' for AI?
View
Date:2025-04-15 00:17:37
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! (19163)
Related
- Romantasy reigns on spicy BookTok: Recommendations from the internet’s favorite genre
- Reading the ‘tea leaves': TV networks vamp for time during the wait for the Donald Trump verdict
- NYC’s rat-hating mayor, Eric Adams, is once again ticketed for rats at his Brooklyn property
- Police with batons approach Israel-Hamas war protesters at UC Santa Cruz
- New Zealand official reverses visa refusal for US conservative influencer Candace Owens
- AP analysis finds 2023 set record for US heat deaths, killing in areas that used to handle the heat
- Maui Council budgets $300,000 to study impacts of eliminating 7,000 vacation rentals
- Biden is said to be finalizing plans for migrant limits as part of a US-Mexico border clampdown
- Trump wants to turn the clock on daylight saving time
- Every Gut-Wrenching Revelation From Carl Radke and Lindsay Hubbard's Summer House Breakup Convo
Ranking
- Selena Gomez's "Weird Uncles" Steve Martin and Martin Short React to Her Engagement
- Mayoral hopeful's murder in Mexico captured on camera — the 23rd candidate killed before the elections
- The Best Pool Floats That Are Insta-Worthy, Will Fit Your Besties & Keep You Cool All Summer Long
- Nick Pasqual accused of stabbing ex-girlfriend 'multiple times' arrested at US-Mexico border
- Could your smelly farts help science?
- Former NBA player Drew Gordon, brother of Nuggets star Aaron Gordon, dies in car accident
- McDonald's president hits back at claims Big Mac prices are too high amid inflation
- John Lennon's guitar, lost for 50 years, sells for record $2.85 million
Recommendation
Jamie Foxx reps say actor was hit in face by a glass at birthday dinner, needed stitches
Subway's footlong cookie is returning to menus after demand from customers: What to know
After several setbacks, Boeing will try again to launch its crewed Starliner on Saturday
Minneapolis police chief shares anger with fellow officers over ambush death of one of their own
The 401(k) millionaires club keeps growing. We'll tell you how to join.
Eight or nine games? Why ESPN can influence debate over SEC football's conference schedule
Ancient remains of 28 horses found in France. Were they killed in battle or sacrificed?
Will and Jada Pinkett Smith Make First Joint Red Carpet Appearance Since Separation Announcement