Why Deep Seek send shockwaves across Global Markets
Deep Seek shock deepseek logo 2025 by: Andrew Zabb PUBLISHED Sat, Feb 3 2025 11 :13 AM EST The surprising launch of DeepSeek shocked investors, triggers a historic market drop, and raises concerns in DC. The investors are alarmed on Wall Street, the low cost app and its rising popularity caused major impact on technology stocks like Nvidia, Broadcom, other semiconductor stocks and even independent energy producers. It was the the largest day drop in the history of stock markets on wall street, over $500 billions were suppressed. DeepSeek was created and developed in period of few months with 5 million investment, while it took Open AI Billions of dollars to make its flag product ChatGPT. Microsoft investment has been the biggest investor in OpenAI which now valued at $ 150 Billions. Liang Wenfeng founded DeepSeek in 2023, was born in China's Guangdong, and he works as Chinese hedge fund manager. What happened should be a clear mess...