Gregor Pfeiffer

Overview

  • Founded Date October 26, 1930
  • Sectors AI & Machine Learning
  • Posted Jobs 0
  • Viewed 10

Company Description

Chinese Chatbot Brought down the uS Stock Exchange

The Chinese chatbot DeepSeek destroyed the US stock exchange, lowering the capitalization of American business by a trillion dollars. This is reported by the world media.

Chinese AI DeepSeek surpassed ChatGPT and reduced worldwide stock exchange, writes, in specific, Reuters.

The appearance on the marketplace of the Chinese chatbot DeepSeek-R1 following the results of one exchange day, on January 27, cost the American microchip maker Nvidia practically $ 600 billion in market price, the BBC reports.

According to data published in a number of other media outlets, the remaining innovation giants connected with the development of expert system have lost lots of 10s of billions of dollars more. In particular, Broadcom lost 17.4%, or about $ 200 billion. Microsoft’s stock rate fell by 2.14% (about $ 70 billion) throughout the day, and the shares of Google’s owner, Alphabet, went down by 4% ($95 billion).

The general index of American technology business Nasdaq-100 fell by practically 3%.

American companies have invested and plan to invest hundreds of billions of in the advancement of expert system systems. While the Chinese company DeepSeek it cost $ 5.6 million.