Wall Street tech stocks head for $1tn sell-off as DeepSeek rattles investors

MT HANNACH
1 Min Read
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A small Chinese artificial intelligence laboratory amazed the world last week by revealing the technical recipe for its advanced model, transforming its lonely leader into a national hero who challenged American attempts aimed at stopping the high-tech ambitions of the China.

DEEPSEEK, founded by the Head Fund Manager Liang Wenfeng, published its R1 model last Monday, explaining in a detailed article how to build a large language model with a started budget that can automatically learn and improve without human supervision.

The release of the R1 version of the company sparked a frantic debate in Silicon Valley on the question of whether the American companies of AI better endowed with resources, in particular Meta and Anthropic, can defend their technical advance.

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