Big Take Podcast
Why DeepSeek Sent Nvidia, Other Tech Stocks Tumbling
Today on the Big Take: Why the rise of China’s DeepSeek AI company disrupted global markets — and how it could change the way the US approaches AI.
Photographer: Lam Yik/Bloomberg
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The AI chatbot from DeepSeek, a Chinese company, rocketed to the top of US app stores over the weekend — and sent US tech shares plummeting Monday morning. The US has been trying to choke off China’s access to cutting-edge AI chips, but DeepSeek claims it’s still managed to develop tech that rivals ChatGPT and its competitors at a fraction of the cost.