DeepSeek became the world’s most popular AI term for 24 hours when it caused the biggest drop ever in stock markets
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Olivia Smith
DeepSeek: From Obscurity to Global Fame Sparks Market Chaos
In a surprising twist of events, DeepSeek R1, a budding AI term, seized the spotlight on Google Trends for a 24-hour period, knocking established contenders like ChatGPT off their perch. This sudden surge in popularity set off a chain reaction in the market, causing significant disruptions for major players like Nvidia and ASML.
Despite slipping to second place globally, DeepSeek continues to dominate in certain regions, particularly in Russia and China, experiencing a surge in daily visits and downloads. Its rise to fame has been attributed not only to its impressive performance but also its cost-efficiency compared to industry giants.
As DeepSeek’s user base expands, so do concerns over data privacy and national security, prompting countries like Taiwan and Italy to impose restrictions. With other nations contemplating similar actions, the trajectory of DeepSeek’s journey remains uncertain amidst accolades from Nvidia and allegations of model misuse from OpenAI.
The tale of DeepSeek encapsulates a rapidly evolving AI landscape, where innovation walks hand in hand with scrutiny and controversy.
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