Tech Turmoil: The AI Upstart that Shook the Market

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🚨 Tech Turmoil: The AI Upstart that Shook the Market 🚨

Tech Turmoil: The AI Upstart that Shook the Market

It appears that the esteemed gentlemen of the tech world have been dealt a most…unsettling blow. Amidst the widespread panic occasioned by the emergence of DeepSeek, a Chinese artificial intelligence startup of notable prowess, only three of the venerable “magnificent seven” tech stocks managed to maintain their composure. 🙏

Apple (APPL), that paragon of innovation, closed with a respectable 3.18% increase on January 27, while Meta Platforms (META) trailed closely behind with a 1.91% gain. Amazon, that behemoth of e-commerce, merely squeaked past the finish line with a 0.24% ascent. 🏃‍♂️

Meanwhile, the hapless Nvidia Corp (NVDA) suffered a calamitous 17% downturn on January 27, surrendering a staggering $600 billion in value – the largest single-day value drop in the annals of US stock market history. 🤯

Alphabet Inc (GOOG), the venerable parent of Google, endured a 4% decline, as Microsoft Corp (MSFT) and Tesla Inc (TSLA) faltered with 2.14% and 2.32% losses, respectively, according to the trustworthy sages at TradingView. 📉

The inimitable Bitcoin (BTC) also took a 3.6% tumble to a low of $98,930 on January 27, as the broader crypto market swooned by 2% over the preceding 24 hours, per the erudite scholars at CoinGecko. Fear not, dear readers, for BTC has since rallied to a respectable $101,500. 🚀

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DeepSeek claims its AI chatbot was conceived with a relatively paltry $6 million in funding, a sum that pales in comparison to President Donald Trump’s recently announced $500 billion AI infrastructure investment. 💸

However, certain investment analysts, including the astute Jesse Cohen of Investing.com, have expressed skepticism regarding the veracity of this $6 million figure. 🤔

Conversely, numerous AI industry luminaries have lauded DeepSeek for embracing an open-source model, a stance that diverges from the closed-sourced approaches of many notable AI chatbots. 🙌

Certain AI platforms, such as the esteemed Venice AI, founded by Erik Voorhees, have already integrated DeepSeek’s trailblazing model. 🤝

Regrettably, DeepSeek announced on January 27 that it would temporarily restrict registrations, citing large-scale malicious attacks on its software. 🚫

DeepSeek, the brainchild of Liang Wenfeng, was founded in May 2023 in the picturesque southeastern Chinese city of Hangzhou. 🏙️

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2025-01-28 06:17