Why Chinese AI company DeepSeek is spooking investors on U.S. tech

U.S. tech stocks, including Nvidia, Oracle and Google, plummeted Monday after Chinese startup DeepSeek said it created an AI system that can compete against chatbots such as OpenAI's ChatGPT at much lower costs.

Jan 28, 2025 - 00:24
 0
Why Chinese AI company DeepSeek is spooking investors on U.S. tech
U.S. tech stocks, including Nvidia, Oracle and Google, plummeted Monday after Chinese startup DeepSeek said it created an AI system that can compete against chatbots such as OpenAI's ChatGPT at much lower costs.