AI at War: Chinese DeepSeek Competes Against American ChatGPT
On January 27, Wall Street was upended by an unprecedented event: Nvidia’s stock crashed by 17 percent, wiping out $589 billion in market value in a single day, the largest loss of a company in United States history. The catalyst behind the sudden crash was the announcement of DeepSeek, a Chinese startup that has developed a generative artificial intelligence (AI) model that is cheaper and more resource-efficient than its American counterpart, ChatGPT.
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