CNBC January 27, 2025
Key Points
– The buzz around Chinese AI startup DeepSeek began picking up steam earlier this month, when the startup released R1, its reasoning model that rivals OpenAI’s o1.
– On Monday, DeepSeek took over rival OpenAI’s coveted spot for most-downloaded free app in the U.S. on Apple’s App Store, dethroning ChatGPT for DeepSeek’s own AI Assistant.
– Global tech stocks sold off, with AI chip giant Nvidia falling 10%.
On Monday, Chinese artificial intelligence startup DeepSeek took over rival OpenAI’s coveted spot as the most-downloaded free app in the U.S. on Apple‘s App Store, dethroning ChatGPT for DeepSeek’s AI Assistant. Global tech stocks sold off and were on pace to wipe out billions in market cap.
Later on Monday,...
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