HONG KONG — Expectations that China’s DeepSeek will unleash a new era of cost-efficient large language model training for artificial intelligence are weighing on shares of Nvidia and other advanced AI chip-related companies, which fell in both the U.S. overnight and Asia on Monday.
DeepSeek has topped the free apps charts for iPhone in China and the U.S. since its latest version, DeepSeek-R1, was released last week. This sudden popularity has ignited a heated debate about whether deep-pocketed American AI giants can maintain their technological dominance if companies like DeepSeek can provide computing performance comparable to that of OpenAI at a much lower cost.
