DeepSeek-R1 AI Disruption Sparks $1 Trillion Stock Selloff, Impacting Global Tech Wealth
With the launch of the Chinese AI chatbot DeepSeek-R1, global stock exchanges have been placed on guard and triggered a $1 trillion (US dollar) selloff from Monday’s US tech stocks. DeepSeek’s low-cost artificial intelligence (AI) model not only threatens U.S. technology leadership but has also triggered the $600 billion drop in the market cap of