Current:Home > StocksDeepSeek: Did a little known Chinese startup cause a 'Sputnik moment' for AI? -Clarity Finance Guides
DeepSeek: Did a little known Chinese startup cause a 'Sputnik moment' for AI?
View
Date:2025-04-14 15:13:51
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! (83227)
Related
- The Louvre will be renovated and the 'Mona Lisa' will have her own room
- As hurricane season begins, here’s how small businesses can prepare in advance of a storm
- The facts about Kamala Harris' role on immigration in the Biden administration
- Rachel Lindsay’s Ex Bryan Abasolo Details Their “Tough” Fertility Journey
- Civic engagement nonprofits say democracy needs support in between big elections. Do funders agree?
- This state was named the best place to retire in the U.S.
- U.S. stocks little moved by potential Harris run for president against Trump
- Local sheriff says shots fired inside an Iowa mall
- Could Bill Belichick, Robert Kraft reunite? Maybe in Pro Football Hall of Fame's 2026 class
- Nordstrom Anniversary Sale 2024: The Best Deals on Accessories From Celine, Dagne Dover, Coach & More
Ranking
- The 401(k) millionaires club keeps growing. We'll tell you how to join.
- Jordan Love won't practice at Packers training camp until contract extension is reached
- In Washington state, Inslee’s final months aimed at staving off repeal of landmark climate law
- New Mexico village battered by wildfires in June now digging out from another round of flooding
- Macy's says employee who allegedly hid $150 million in expenses had no major 'impact'
- ‘We were built for this moment': Black women rally around Kamala Harris
- Hailee Steinfeld and Josh Allen's Relationship Hard Launch Is a Total Touchdown
- Harris says in first remarks since Biden dropped out of race she's deeply grateful to him for his service to the nation
Recommendation
Why Sean "Diddy" Combs Is Being Given a Laptop in Jail Amid Witness Intimidation Fears
Madelyn Cline, Camila Mendes and More to Star in I Know What You Did Last Summer Reboot
Tobey Maguire's Ex Jennifer Meyer Shares How Gwyneth Paltrow Helped With Her Breakup
Here's what investors are saying about Biden dropping out — and what it means for your 401(k)
Selena Gomez's "Weird Uncles" Steve Martin and Martin Short React to Her Engagement
Foreign leaders react to Biden's decision not to seek reelection
Florida’s population passes 23 million for the first time due to residents moving from other states
Kamala Harris' stance on marijuana has certainly evolved. Here's what to know.