A month ago, almost no one in the U.S. had heard of the Chinese artificial intelligence start-up DeepSeek. Today, its reported breakthroughs prompted the erasure of hundreds of billions of dollars in market value from some of the world’s biggest companies.
Last week, DeepSeek explained how its new A.I. system could match the capabilities of cutting-edge chatbots from Google and OpenAI at a fraction of the cost. That revelation forced many investors to reassess their sky-high valuations of…
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https://www.nytimes.com/2025/01/27/briefing/chinese-ai-market-turmoil-beyond-dry-january.html
