DeepSeek Caused a Sharp Downturn in the Global Tech Economy
A little-known company that few investors have probably heard of has created a selloff in the tech market. DeepSeek, a Chinese AI startup, introduced groundbreaking AI models which are significantly cheaper to operate compared to many of the leading chatbots. That has dealt a serious blow to the stock of Nvidia as shares plunged heavily. Caroline Hyde reports on the fall out from this situation.