What is DEEPSEEK? What does this mean for NVIDIA?!

DeepSeek is a Chinese AI startup that has recently launched an open-source AI model which rivals established players like OpenAI's ChatGPT, but at a dramatically lower cost, using less hardware and computational resources. This development has caused Nvidia's stock to plummet because it threatens the demand for Nvidia's high-end GPUs, which are crucial for training AI models. The efficiency and affordability of DeepSeek's approach suggest that companies might not need to invest as heavily in Nvidia's expensive hardware, leading to a massive sell-off, with Nvidia losing over $500 billion in market value. #DeepSeek #NvidiaCrash #AIInnovation #artificialintelligence #ai #stockmarket