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DeepSeek Buzz Puts Tech Shares on Track for $1 Trillion Drop (finance.yahoo.com)

submitted 1 year ago by OppaGundamStyle@discuss.tchncs.de to c/world@quokk.au

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Chinese artificial intelligence startup DeepSeek’s latest AI model sparked a $1 trillion rout in US and European technology stocks, as investors questioned bloated valuations for some of America’s biggest companies.

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[–] jacksilver@lemmy.world 2 points 1 year ago (1 children)

Everything I've seen from looking into it seems to imply it's on par for training and performance as other (LLM only) models.

I feel like I'm missing something here or that the market is "correcting" for other reasons.

[–] OppaGundamStyle@discuss.tchncs.de 1 points 1 year ago

The market is correcting because the AI bubble is gonna pop and someone needs to be left holding the bag.