CyberWire Daily
China's chatbot sends tech stocks into tailspin.
Jan 27, 2025
Jon Miller, CEO and co-founder of Halcyon, dives into the ripples caused by the Chinese AI startup DeepSeek, which has reshaped the market and sent U.S. tech stocks reeling. He discusses the rising tide of ransomware and the emergence of tactics like double extortion, making cybercrime more accessible. Additionally, Miller highlights the vulnerabilities from zero-day exploits and phishing attacks, and the urgent need for robust cybersecurity measures to protect against these evolving threats.
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Quick takeaways
- DeepSeek's entry into the AI market threatens U.S. tech stocks by promoting competition against established American models like ChatGPT.
- The Trump administration's freeze on cyber diplomacy funding risks vital U.S.-EU data-sharing agreements, potentially disrupting transatlantic business operations.
Deep dives
DeepSeek's Disruption in the AI Market
Chinese AI startup DeepSeek has caused significant disruption in the market with its launch of the R1 model, a competitor to ChatGPT, developed at a notably lower cost. This has raised concerns among U.S. investors regarding the sustainability of American tech companies, which have been heavily investing in AI development. While DeepSeek's cost-effective approach attracted attention, analysts also pointed out that it has yet to prove its capability to match the advanced performance of leading American AI models. The impact of this development on U.S. tech stocks was immediate, with major companies like NVIDIA experiencing substantial stock declines, highlighting the ongoing competition between U.S. and Chinese technology sectors.
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