China’s DeepSeek has made quite the splash recently. With its much-hyped DeepSeek-R1 model, it has not only claimed to deliver cutting-edge AI at a fraction of the cost incurred by OpenAI but also sent shivers down the spines of U.S. tech giants like Nvidia. The claim? A whopping 94% cost
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Nvidia experiences an unprecedented $465 billion market value decline following DeepSeek's introduction of a cost-effective AI model, prompting a reevaluation of AI investment strategies.