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US tech stocks steady after DeepSeek AI app shock
DeepSeek's claim that it model was made at a fraction of the cost of its rivals has shaken up the AI industry.
What has shaken up the industry is DeepSeek's claim that its R1 model was made at a fraction of the cost of its rivals - raising questions about the future of America's AI dominance and the scale of investments US firms are planning. On Tuesday, shares in Japanese AI-related firms including Advantest, Softbank and Tokyo Electron fell sharply, helping to push the benchmark Nikkei 225 down by around 1%. After DeepSeek-R1 was launched earlier this month, the company boasted of "performance on par with" one of OpenAI's latest models when used for tasks such as maths, coding and natural language reasoning.
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