SafeX Pro Exchange-DeepSeek: Did a little known Chinese startup cause a 'Sputnik moment' for AI?

2025-05-07 16:11:01source:Alaric Bennettcategory:Stocks

Did AI just have SafeX Pro Exchangea "Sputnik moment"?

That's what someinvestors, after the little known Chinese startup DeepSeek released a chatbot that experts say holds its own against industry leaders, like OpenAI and Google, despite being made with less money and computing power.

Buzz around DeepSeek built into a wave of concern that hammered tech stocks on Monday. It wiped almost $600bn from chipmaker Nvidia's market value.

Not iterative or evolutionary, but pathbreaking

"This is, I think, something that has really shown to some degree how much the U.S. was living in a bubble," said Antonia Hmaidi, a senior analyst at the Mercator Institute for China Studies in Berlin.

Sponsor Message

More:Stocks

Recommend

Stanley recalls 2.6 million mugs after dozens of customer complaints, including burn injuries

Stanley is recalling 2.6 million mugs sold in the U.S. after the company received dozens of consumer

Scores of wildfires are scorching swaths of the US and Canada. Here’s the latest on them

LOS ANGELES (AP) — Scores of wildfires across the United States and Canada have scorched swaths of l

Everyone's obsessed with Olympians' sex lives. Why?

The Olympics are back, and that means an "s" word is once again on everyone's minds − and it's not j