'Sputnik moment': Chinese DeepSeek wipes $1 trillion from US stocks in a day ...Middle East

DeepSeek, a Chinese startup, has unveiled a revolutionary AI model that has considerably disrupted global markets and sent shockwaves through Wall Street. By leveraging cost-efficient technology, DeepSeek has posed significant questions about the sustainability of the US-led AI dominance and the effectiveness of export controls on advanced chips to China.

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