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DeepSeek AI launch sees $1tn wiped off world’s biggest tech companies (www.independent.co.uk)
submitted 4 days ago by tonytins@pawb.social to c/technology@lemmy.world
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DeepSeek is an AI assistant which appears to have fared very well in tests against some more established AI models developed in the US, causing alarm in some areas over not just how advanced it is, but how quickly and cost effectively it was produced.

[...]

Individual companies from within the American stock markets have been even harder-hit by sell-offs in pre-market trading, with Microsoft down more than six per cent, Amazon more than five per cent lower and Nvidia down more than 12 per cent.

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[-] queermunist@lemmy.ml 7 points 4 days ago* (last edited 4 days ago)

They're outsourcing development of their platform onto independents who will work for free to advance the project, which then improves the value of their platform. It's the same design philosophy behind the Android Open Source Project.

this post was submitted on 28 Jan 2025
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