FT News Briefing China’s DeepSeek AI triggers tech sell-off
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Jan 28, 2025 Recent advancements from China’s DeepSeek are causing significant concern in the U.S. tech sector, leading to a sharp sell-off of stocks like NVIDIA. The emergence of this competitive AI player raises questions about America’s future in artificial intelligence. Meanwhile, Latin American leaders prepare for an urgent summit in light of tough immigration policies. On the retail front, Starbucks is tightening its access policies amid ongoing sales struggles, aiming to improve customer experiences while adjusting to changing consumer habits.
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Tech Sell-off Triggered by DeepSeek
- US tech stocks tumbled after advances by Chinese startup DeepSeek.
- Investors worried about America's AI leadership.
DeepSeek's Background
- DeepSeek, originating from a hedge fund's engineering team, built one of China's largest NVIDIA GPU clusters.
- Their latest models rival OpenAI and Meta's, using fewer chips.
DeepSeek's AI Model
- DeepSeek's new AI model excels in self-learning and improvement without human oversight.
- This is a significant step towards Artificial General Intelligence (AGI).