DeepSeek became the world's most popular AI term for 24 hours when it caused the biggest drop ever in stock markets
techradar.com
- From obscurity to global fame, DeepSeek’s rise spooks global giants
- It now sits in second position behind OpenAI’s ChatGPT
- DeepSeek’s 24-hour reign as the top AI term sparked market chaos
On January 28, DeepSeek R1, a mere eight days old at the time, became the world's most popular AI term on Google Trends for 24 hours.
It surpassed well-known AI terms such as ChatGPT, Llama, Gemini, and CoPilot, capturing global attention and causing unprecedented volatility in stock markets.
This sudden rise sent shockwaves through stock markets, particularly affecting shares of major companies like Nvidia and ASML, which saw significant declines. The fear among investors regarding DeepSeek's “disruptive” potential led to massive sell-offs, resulting in billions lost across various sectors in a single trading day. Nvidia was hit the most, suffering a record-breaking $600 billion share price drop.
DeepSeek now second but ...
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