DeepSeek R1 Destroys AI Market - Tanks NVidia Stock!

DeepSeek R1, a new AI model from the Chinese startup DeepSeek, has rapidly gained prominence, surpassing established models like OpenAI's ChatGPT in performance and becoming the most downloaded free app on the Apple App Store. Developed at a significantly lower cost than its American competitors, R1's success challenges the existing AI market dominance of U.S. companies, sparking concerns and market reactions. Despite U.S. sanctions on advanced chip exports to China, DeepSeek leveraged existing resources to develop a highly competitive AI system, raising questions about the future of the global AI landscape and the potential for increased competition. The model's capabilities, low cost, and rapid adoption represent a significant shift in the AI industry.