Current:Home > ContactDeepSeek: Did a little known Chinese startup cause a 'Sputnik moment' for AI? -FinanceAcademy
DeepSeek: Did a little known Chinese startup cause a 'Sputnik moment' for AI?
View
Date:2025-04-17 12:48:02
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! (32)
Related
- Moving abroad can be expensive: These 5 countries will 'pay' you to move there
- Nadal returns with a win in Brisbane in first competitive singles match in a year
- After a grueling 2023, here are four predictions for media in 2024
- Who is Liberty? What to know about the Flames ahead of Fiesta Bowl matchup vs. Oregon
- The FBI should have done more to collect intelligence before the Capitol riot, watchdog finds
- Golden Knights dress as Elvis, Kraken go fishing for Winter Classic outfits
- North Korea to launch 3 more spy satellites, Kim Jong Un says
- Save Up to 50% on Hoka Sneakers and Step up Your Fitness Game for 2024
- New data highlights 'achievement gap' for students in the US
- Elvis is in the building, along with fishmongers as part of a nautical scene for the Winter Classic
Ranking
- Behind on your annual reading goal? Books under 200 pages to read before 2024 ends
- How to get the most out of your library
- Save Up to 50% on Hoka Sneakers and Step up Your Fitness Game for 2024
- Police in Kenya suspect a man was attacked by a lion while riding a motorcycle
- Apple iOS 18.2: What to know about top features, including Genmoji, AI updates
- Stock market today: Asian markets are mixed on the first trading day of 2024
- Tunnel flooding under the River Thames strands hundreds of travelers in Paris and London
- What's open New Year's Eve 2023? What to know about Walmart, Starbucks, stores, restaurants
Recommendation
Head of the Federal Aviation Administration to resign, allowing Trump to pick his successor
Save Up to 50% on Hoka Sneakers and Step up Your Fitness Game for 2024
Ian Ziering details 'unsettling confrontation' with bikers on New Year's Eve that led to attack
Bangladesh court sentences Nobel laureate Yunus to 6 months in jail. He denies violating labor laws
Behind on your annual reading goal? Books under 200 pages to read before 2024 ends
Treatment for acute sleeping sickness has been brutal — until now
'Wonka' nabs final No. 1 of 2023, 'The Color Purple' gets strong start at box office
Pakistan arrests 21 members of outlawed Pakistani Taliban militant group linked to deadly attacks