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Stocks and Investing
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Chinese AI DeepSeek Deep Sixes OpenAI on the App Store, Stocks Tank

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Chinese AI chatbot DeepSeek has displaced OpenAI's ChatGPT as the most downloaded app on the Apple App store and the market is panicking. Stocks for major AI connected companies like NVIDIA fell on Monday morning following the news.
The article from Gizmodo discusses the rise of DeepSeek, a Chinese AI startup, which has launched a new AI model that has outperformed OpenAI's offerings in several benchmarks. This development has caused a stir in the tech industry, particularly affecting stock prices of major AI companies. DeepSeek's model, which was made available on the App Store, has not only demonstrated superior performance in language understanding and generation but also in handling complex tasks like coding and data analysis. The article highlights the competitive edge DeepSeek has gained by focusing on open-source contributions and community-driven development, contrasting with the more closed ecosystems of its American counterparts. This has led to a significant market reaction, with stocks of companies like OpenAI experiencing a downturn as investors and analysts reassess the competitive landscape in AI technology.

Read the Full Gizmodo Article at:
[ https://gizmodo.com/chinese-ai-deepseek-deep-sixes-openai-on-the-app-store-stocks-tank-2000555171 ]