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The Deep Seek R1 Paradox: A False Dawn in AI Competition

In a surprising move that reverberated throughout the tech industry, China unveiled the Deep Seek R1, an avant-garde AI tool positioned as an immediate challenger to the leading models developed by OpenAI. This announcement, accompanied by a price tag of just $6 million for training, resulted in a turbulent day on the US Stock Market, erasing over $1 trillion in market capital. Key players such as Meta, Oracle, and Alphabet experienced significant drops in their stock prices, with India feeling the heaviest brunt—a staggering one-day loss of $600 billion, surpassing the financial devastation seen during the 2008 financial crisis.