While DeepSeek Shocked the Market, Has it Really Changed AI?
The launch of Chinese DeepSeek AI sent shockwaves through Silicon Valley earlier this year. Practically overnight, its flagship model, DeepSeek-R1, soared to the top of the U.S. App Store’s free downloads list. The company claimed its chatbot could rival ChatGPT, and even more surprisingly, that it had been built for a fraction of the typical development cost. The claims, paired with its instant popularity, triggered a historic sell-off in the U.S. stock market. Nvidia, a leading chipmaker, lost about $600 billion in value in a single day, the largest drop ever for an individual stock. Other AI-related companies also took…