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flag Chinese startup DeepSeek's AI model R1 outperforms ChatGPT at lower costs, impacting U.S. tech stocks.

flag Chinese AI startup DeepSeek has disrupted the tech industry by developing an AI model, R1, that outperforms rivals like OpenAI's ChatGPT at a fraction of the cost. flag This has led to a decline in U.S. tech stocks, including Nvidia, as it challenges assumptions about the expenses and infrastructure needed for advanced AI. flag DeepSeek's success, achieved despite U.S. restrictions on chip exports to China, highlights growing global competition in AI.

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