Part 2/8:
Recently, a seismic shift was felt across financial markets, resulting in nearly $1 trillion being wiped off the value of U.S. stocks in a single day. The catalyst? A Chinese AI startup called Deep Seek. This company has taken the spotlight by introducing its own AI models and chatbots, effectively challenging major American counterparts like ChatGPT. What sets Deep Seek apart is its cost-effective approach—developing models with just a few million dollars in investment, trained on less advanced chips, yet matching the performance of their Western rivals.