💨 Abstract

On January 27, Chinese AI company DeepSeek announced a breakthrough in creating AI chatbots cheaper and faster than market leaders like OpenAI and Google. This news sent shockwaves through the technology sector, with the Nasdaq index dropping by 3%. DeepSeek's AI chatbot, similar to ChatGPT, claims to offer the same service at a lower cost.

Courtesy: www.thesouthafrican.com

Summarized by Einstein Beta 🤖