DeepSeek Sends Chills Through U.S. Tech Stocks
Chinese AI firm DeepSeek appears to be making waves among tech investors, potentially raising competition concerns.
Nasdaq futures were recently down by more than 2%, pressured by news that the Chinese start-up can run its latest AI model on less advanced and cheaper chips, Swissquote Bank senior analyst Ipek Ozkardeskaya said in a note.
This development is causing concerns about potential disruption to U.S. tech’s global dominance, but it is likely too soon to predict that DeepSeek will challenge the global AI leaders, she said.