DeepSeek Threatens to Shake Up US Tech Dominance
DeepSeek app.
Photographer: Lam Yik/Bloomberg
Good morning. Stocks plunge as the buzz around Chinese AI DeepSeek rattles markets. Trump holds off on Colombia tariffs after a deal on migrants. And get your resume ready: Elon Musk’s DOGE is hiring. Listen to the day’s top stories.
The AI disruptor is here. Chinese startup DeepSeek rocked the AI sector, raising questions about US tech dominance and casting doubts on sky-high valuations for companies such as Nvidia. DeepSeek’s low-cost R1 model, which is now the top app on Apple’s iPhone download charts, is “one of the most amazing and impressive breakthroughs,” according to renowned tech investor Marc Andreessen. Here is an explainer on why DeepSeek is freaking out the AI world.