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DeepSeek AI Chatbot Sparks $1 Trillion US Stock Plunge
Trump says China's DeepSeek AI chatbot is a 'wake-up call'
Image Source: Guardian
• Donald Trump considers China's DeepSeek AI chatbot a 'wake-up call' for US tech firms due to its cost-effective R1 model chatbot compared to competitors like OpenAI and Google.
• The emergence of DeepSeek resulted in a significant $1 trillion decrease in the value of leading US tech companies, signaling a growing competition in the global AI race.
'Sputnik moment': $1tn wiped off US stocks after Chinese firm unveils AI chatbot
Image Source: Guardian
• The emergence of the Chinese AI chatbot DeepSeek caused a $1tn drop in US tech stocks, signaling a significant shift in the global AI landscape.
• DeepSeek's performance and efficiency raised doubts about the sustainability of the US artificial intelligence boom, prompting concerns about global AI competitiveness.
Tuesday briefing: How an unknown Chinese startup wiped $593bn from the value of an AI giant
Image Source: Guardian
• A Chinese startup has caused a significant disruption in the AI industry by offering comparable technology to major US companies at a much lower cost, leading to a massive drop in the value of Nvidia and other Big Tech stocks.
• The emergence of this low-cost Chinese AI rival has challenged the dominance of US giants like OpenAI, highlighting a shift in the dynamics of the AI market.
DeepSeek: all the news about the startup that's shaking up AI stocks
Image Source: Verge
• DeepSeek, a Chinese startup, claims its AI models can match the performance of those made by OpenAI and Meta at a fraction of the cost, disrupting the AI industry.
• DeepSeek's AI models, including R1 reasoning model and Janus Pro multimodal AI model, are reportedly outperforming competitors like OpenAI's o1, Stable Diffusion, and DALL-E 3, leading to significant impacts on financial markets such as a 17% drop in Nvidia's market cap.
Meta AI will use its 'memory' to provide better recommendations
Image Source: Verge
• Meta is enhancing its AI chatbot with a memory feature to provide more personalized recommendations based on past conversations and details from users' Facebook and Instagram accounts.
• The AI will offer a greater level of personalization by using information from users' accounts, such as age, gender, and interests, to tailor recommendations across Facebook, Messenger, and Instagram.