It is very amazing how quickly the new Chinese artificial intelligence (AI) program DeepSeek has upended the markets, the technology sector, and the optimistic belief that the United States is the leader in AI.
Marc Andreessen, a venture capitalist, may have put it best. He wrote on X on Sunday, “DeepSeek-R1 is AI’s Sputnik moment,” alluding to the satellite that started the space race.
Over the weekend, DeepSeek was the most downloaded free software from Apple’s US software store. As concerns grew over America’s dominance in the industry, the new AI chatbot caused a significant sell-off of key tech companies by Monday.
For instance, the stock of AI chip maker and recent Wall Street sensation Nvidia has fallen sharply.
