How DeepSeek Triggered a $1 Trillion Tech Crash

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2 months ago

May be an image of 3 people and text that says '$108 BILLION GONE! The world's richest just took a a massive hit after the DeepSeek selloff @Unboxfactory'

DeepSeek, a Chinese AI company, shook the tech world with its DeepSeek-R1 model—an advanced AI developed at a fraction of the cost compared to competitors. This sparked panic among investors, causing a $1 trillion sell-off in U.S. tech stocks.

Big names like Nvidia saw their market value drop by 17%, as fears of rising AI competition hit hard.

This event highlights how fast-moving AI innovations can disrupt even the biggest tech giants overnight.