Reported 2 days ago
DeepSeek AI, a Chinese startup, claims to challenge Silicon Valley's AI giants with affordable chatbots, prompting a sell-off in tech stocks. Experts Dan Newman and Stacy Rasgon argue that the market's panic may be exaggerated, highlighting that DeepSeek's technology isn't revolutionary and warrants skepticism regarding its credibility. Newman claims that the claims need validation, suggesting they might be part of a strategy to gauge market reactions.
Source: YAHOO