DeepSeek panic triggers tech stock sell-off as Chinese AI tops App Store

Ars Technica
By Benj EdwardsJan 27, 2025, 11:29 am103 pts
On Monday morning, Nvidia stock dove 11 percent amid worries over the rise of Chinese AI company DeepSeek, whose R1 reasoning model stunned industry observers last week by challenging American AI supremacy with a low-cost, freely available AI model, and whose AI assistant app jumped to the top of the iPhone App…

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