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DeepSeek: China's New Open Source AI Sends Shockwaves Across US Stock Market

Chinese-made DeepSeek has sent shockwaves across the US stock market with a significant price drop among tech firms such as Nvidia, Microsoft, and Meta.
The article from Tuko.co.ke discusses the impact of DeepSeek, a new open-source AI model developed by China, on global stock markets. DeepSeek, which rivals the capabilities of leading AI models like those from xAI and Meta, has introduced significant advancements in AI technology, particularly in understanding and processing Chinese language and culture. This development has led to a notable reaction in the stock market, with shares of companies involved in AI and related technologies experiencing fluctuations. Investors are reacting to the potential of DeepSeek to disrupt the AI industry, which is already a battleground for tech supremacy between the U.S. and China. The model's open-source nature could democratize AI technology, potentially shifting market dynamics and prompting both excitement and concern among investors about future market trends and geopolitical tech rivalry.

Read the Full Tuko Article at:
[ https://www.tuko.co.ke/business-economy/capital-market/576849-deepseek-chinas-open-source-ai-sends-shockwaves-stock-market/ ]