1. China's DeepSeek Tops iPhone Downloads and Spurs AI Selloff.
- Author
-
Savov, Vlad and Purnell, Newley
- Subjects
STOCK index futures ,QUANTITATIVE funds ,ARTIFICIAL intelligence ,ECONOMIC sanctions ,ENERGY development - Abstract
The article from Bloomberg.com discusses how Chinese startup DeepSeek's AI assistant became the top download on Apple's iPhone charts, raising concerns in Silicon Valley about America's AI dominance. DeepSeek's AI model is considered competitive with other major players like OpenAI and Meta Platforms Inc. The success of DeepSeek has led to fluctuations in stock prices across Asia's supply chain, with Chinese tech firms seeing gains and chipmaking tool makers experiencing losses. The article also highlights the transparency of DeepSeek's AI model and its potential to challenge US technological leadership in the AI race. [Extracted from the article]
- Published
- 2025