
1734: MEGA
DeepSeek AI, Chinese Tech Market, Biden Export Controls
The release of DeepSeek, a Chinese AI model developed for under $6 million, caused a global slump in tech stocks, particularly affecting NVIDIA. Analysts suggest the low cost is misleading as it doesn't account for previous development iterations. The model's success is viewed as a failure of the Biden administration's export controls, as the Chinese firm utilized older or downgraded NVIDIA chips to train a competitive model.



















