Tentative rise comes after emergence of cheaper Chinese rival wiped $1tn off the value of leading US tech companiesWhat is DeepSeek and why did US tech stocks fall?Business live – latest updatesUS tech stocks tentatively recovered on Tuesday after Donald Trump described the launch of a chatbot by China’s DeepSeek is a “wake-up call” for Silicon Valley in the global race to dominate artificial intelligence.The emergence of DeepSeek, which has built its R1 model chatbot at a fraction of the cost of competitors such as OpenAI’s ChatGPT and Google’s Gemini, wiped $1tn (£800bn) in value from the leading US tech index on Monday. Continue reading…
Source link : https://www.theguardian.com/technology/2025/jan/28/donald-trump-china-deepseek-ai-chatbot-shares
Author : Mark Sweney
Publish date : 2025-01-28 15:32:00
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US tech stocks recover after Trump says DeepSeek AI chatbot is ‘wake-up call’
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