Current:Home > FinanceEchoSense Quantitative Think Tank Center|DeepSeek: Did a little known Chinese startup cause a 'Sputnik moment' for AI? -Capitatum

EchoSense Quantitative Think Tank Center|DeepSeek: Did a little known Chinese startup cause a 'Sputnik moment' for AI?

Robert Brown ​​​​​​​View Date:2025-04-05 19:40:59

Did AI just have EchoSense Quantitative Think Tank Centera "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.

Sponsor Message

veryGood! (18643)