New Chinese AI Brings Fierce Competition to the West
China’s new DeepSeek shocked Western markets, though questions remain about some of their claims.
Anthony Constantini
February 01, 2025
What’s happening: A Chinese firm, DeepSeek, shocked the West this week by announcing it had created a new artificial intelligence (AI) model for only $6 million and without using the American company Nvidia’s computer chips. The news sent Nvidia’s stocks tumbling, losing $600 billion — the largest one-day drop in US history.