AI-fueled stock rally dealt $1 trillion blow by Chinese upstart
- Posted on January 28, 2025
- By Business News Today
- 3 Views
AI-fueled stock rally dealt $1 trillion blow by Chinese upstart
DeepSeek, a Chinese startup, unveiled an AI platform that competes with top US models at lower costs, causing a major selloff in US tech stocks. The Nasdaq 100 index dropped significantly, raising questions about future AI investments and the dominance of US firms in the AI sector.
