Doing More with Less: DeepSeek Challenges AI Giants
Chinese startup, DeepSeek, brought the two-year-long AI euphoria on Wall Street to an abrupt halt by launching its free app on January 27, 2025. Nvidia lost over half a trillion dollars ($589 billion) in market cap as its stock plummeted 17%. Broadcom, another AI major, was down 17.4%. But that wasn’t the end of