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Global tech stocks plummet as Chinese startup DeepSeek unveils cost-effective AI rival.
Chinese AI startup DeepSeek released a free, open-source AI model, DeepSeek-R1, causing global tech stocks to plummet.
Nasdaq dropped 3.1%, while the S&P 500 slid 1.85%.
Major tech companies like Nvidia, Microsoft, and Meta saw significant share losses, with Nvidia's shares falling 11%.
The release raised concerns about cheaper AI alternatives and the heavy investments made by US tech giants, leading to a reassessment of their market valuations.
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Las acciones tecnológicas mundiales se desploman a medida que la startup china DeepSeek presenta un rival de IA rentable.