China's DeepSeek Routs Wall Street, Wipes Off Billions From AI Giants | Firstpost Spotlight | N18G

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China's DeepSeek Routs Wall Street, Wipes Off Billions From AI Giants | Firstpost Spotlight | N18G

China's AI chatbot DeepSeek has sparked chaos across the global markets. The launch and subsequent growing popularity of the Chinese app is poised to wipe off a trillion dollars in value of shares of some of the world's biggest tech companies. Stocks of American tech giants were hammered amid worries that the low-cost Chinese AI model threatens the current American AI giants like Nvidia. US President Donald Trump says DeepSeek is a "wake-up call" for US tech firms. What is DeepSeek? Who founded DeepSeek? Why did US stocks fall? Do US tech companies need to be worried? Watch this video for more.

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