If you follow the stock market, then you know all about the bogeyman scaring Wall Street right now: DeepSeek.
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ABC News’ Alexis Christoforous breaks down reactions from investors over the job market, interest rates and the effects of the California wildfires on the economy.
"In our view this is a correction and not the start of a sustained bear market," Goldman Sachs said. DeepSeek sparked a $1 ...
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The startup DeepSeek was founded in 2023 in Hangzhou, China and released its first AI large language model later that year.
Wall Street's tech giants dragged US frontline indices on Monday after China's AI startup DeepSeek rattled Silicon Valley and ...
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s App Store rankings. US Stock Market News Highlights ... investment and tech sector valuations after DeepSeek rolled out a free assistant that it says uses lower-cost chips and less data.
The emergence of DeepSeek's free assistant has placed big doubts over the US market's AI-driven rally of the past two years.