Chinese AI Start-up DeepSeek Triggers $1 Trillion Tech Sell-Off in Global Markets
In a significant market development, the Chinese AI start-up DeepSeek has caused a staggering $1 trillion sell-off in technology stocks across US and European markets. Notably, Nvidia alone suffered a loss of approximately $600 billion in market value. Experts caution that the rise of DeepSeek presents a serious challenge to established global AI powers.
Cyber security analyst Deepak Kapoor expressed concerns regarding the implications of Chinese technology on the global stage, stating, "All the major countries have doubts about Chinese equipment suppliers, especially technology." Kapoor believes this development is part of China's broader strategy in economic and technological warfare.
Atul Tripathi, another cyber security expert, commented on the potential risks, saying, "Frankly, DeepSeek looks good but one has to be cautious with technology coming out of China." As the situation unfolds, stakeholders in the tech industry and beyond are closely monitoring the implications of DeepSeek's ascent.
Weekly Newsletter
News summary by melangenews