DeepSeek launched a free, open-source large-language model in late December, claiming it was developed in just two months at a cost of under $6 million.
U.S. technology firms plunged in premarket trading, as Chinese startup DeepSeek sparked concerns over competitiveness in AI and America's lead in the sector, triggering a global sell-off. DeepSeek launched a free, open-source large-language model in late December, claiming it was developed in just two months at a cost of under $6 million.
The developments have stoked questions about the large amounts of money big tech companies have been investing in AI models and data centers.U.S. technology firms plunged in premarket trading, as Chinese startup DeepSeek sparked concerns over competitiveness in AI and America's lead in the sector, triggering a global sell-off.just two months at a cost of under $6 million — a much smaller expense than the one called for by Western counterparts. Last week, the company released a reasoning model that also The developments have stoked questions about the amount of money big tech companies have been investing in AI models and data centers. "DeepSeek clearly doesn't have access to as much compute as U.S. hyperscalers and somehow managed to develop a model that appears highly competitive," Srini Pajjuri, semiconductor analyst at Raymond James, said in a note Monday.Treasury yields fall as investors look to Fed meeting, key inflation data
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