Recent looses of the Big Tech stocks because of DeepSeek AI model.
In a recent turn of events, the technology sector witnessed a significant downturn, primarily attributed to the emergence of DeepSeek, a Chinese artificial intelligence (AI) startup. DeepSeek's introduction of an advanced AI model has disrupted the market, leading to substantial losses among major tech companies. This development has raised concerns about the future competitiveness of established tech giants in the AI domain.