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DeepSeek Rattles Wall Street With Claims of Cheaper AI Breakthroughs
Monday January 27, 2025. 03:02 PM , from Slashdot
Goldman Sachs suggests the development could reshape competition by lowering barriers to entry for startups. Founded in 2023 by former hedge fund executive Liang Wenfeng, DeepSeek's open-source models have gained traction with its mobile app topping charts across major markets. DeepSeek's latest AI model had sparked over $1 trillion rout in US and European technology stocks Monday, before even the U.S. market opened. Read more of this story at Slashdot.
https://slashdot.org/story/25/01/27/142255/deepseek-rattles-wall-street-with-claims-of-cheaper-ai-br...
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