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Founded Date October 23, 2007
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Company Description
Chinese Chatbot Brought down the United States Stock Market
The Chinese chatbot DeepSeek destroyed the US stock market, lowering the capitalization of American business by a trillion dollars. This is reported by the world media.
Chinese AI DeepSeek surpassed ChatGPT and lowered international stock markets, composes, in particular, 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 almost $ 600 billion in market worth, the BBC reports.
According to data released in a variety of other media outlets, the remaining innovation giants connected with the advancement of expert system have lost many 10s of billions of dollars more. In specific, Broadcom lost 17.4%, or about $ 200 billion. Microsoft’s stock price fell by 2.14% (about $ 70 billion) throughout the day, and the shares of Google’s owner, Alphabet, decreased by 4% ($95 billion).
The overall index of American innovation companies Nasdaq-100 fell by nearly 3%.
American companies have invested and plan to invest hundreds of billions of dollars in the advancement of expert system systems. While the Chinese company DeepSeek it cost $ 5.6 million.
