Stocks Analysis by MarketPulse (Zain Vawda) covering: Nasdaq 100, Microsoft Corporation, Apple Inc, NVIDIA Corporation. Read MarketPulse (Zain Vawda)'s latest article on Investing.com
Global markets have started a busy week with a lot of volatility as the little-known Chinese artificial intelligence model called ‘DeepSeek’ sparked a selloff in AI-related shares, with megacap stocks including Nvidia , which is AI that can understand, learn, and do tasks like a human in many different areas. Even though they’re just starting out, DeepSeek’s fast progress shows they’re serious about influencing the future of smart systems.
However, unlike Silicon Valley companies that keep their models private, DeepSeek is open source. This means anyone can access its code, see how it works, and even change it. DeepSeek claims it is the best among open-source models and competes with the most advanced closed-source models worldwide.Over the weekend, DeepSeek created a buzz as tech analysts said the company’s AI model is better than the world’s top chatbots and costs only a tenth as much.
According to DeepSeek, the company only spent around $5.6 million in developing their model, which is a pittance when compared to what US tech giants have poured into AI development and infrastructure.
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