The tech world experienced a costly and highly consequential wake-up call this week with the revelation that Chinese newcomer DeepSeek had developed an advanced AI model requiring just millions — rather than billions — of dollars in development costs.
Despite concerns about DeepSeek security and that it possibly copied rival ChatGPT, the news sent US AI leaders reeling, causing them to lose more than $1 trillion in total market value — including nearly $600 billion from…
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https://nypost.com/2025/02/01/tech/how-deepseek-is-upending-ai-innovation-and-investment/
