
Newsweek
DeepSeek burst into public consciousness when the Chinese tech firm claimed to have made substantial progress in training its AI for a fraction of the cost of its American competitors and with a relatively low number of highly-advanced chips. As a result, the stocks in major AI companies such as OpenAI and advanced microchip manufacturers such as Nvidia took a pounding, losing around $1tn in value overall, before recovering some of those losses once the dust had settled. The emergence of DeepSeek came shortly after President Donald Trump unveiled his...