Current：Home > FinanceDeepSeek: Did a little known Chinese startup cause a 'Sputnik moment' for AI? -Summit Capital Strategies
DeepSeek: Did a little known Chinese startup cause a 'Sputnik moment' for AI?
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Date：2025-04-12 18:23:39
Did AI just have a "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.
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