@aidailyinsights — 3x breakout selling DeepSeek

@aidailyinsights — 3x breakout selling DeepSeek | Overshot

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AI Daily Insights @aidailyinsights DeepSeek Beats ChatGPT, becomes No.1, on Apple App Store in the US and UK TO THE CHARGES. U.S. TECH STOCKS TOOK A HIT DUE TO THE RISE OF CHINESE BASED AI COMPANY DEEP SEE. IT'S A FREE ALTERNATIVE TO CHATGPT, AND RIGHT NOW IS THE MOST POPULAR FREE APP IN THE APPLE APP STORE TODAY. INVESTORS IN ARTIFICIAL INTELLIGENCE COMPANIES LIKE NVIDIA QUICKLY BECAME FEARFUL IT MAY SHAKE UP THE AI MARKETPLACE, AND THE RESULT? A HUGE SELL-OFF ON THE TECH HEAVY NASDAQ. HERE'S HOW IT CLOSED TODAY AROUND 600 POINTS DOWN. EYEWITNESS NEWS REPORTER SONIA RINCON HAS MORE. REPORTER SONIA RINCON HAS MORE. REPORTER A NEW PLAYER IN THE AI GAME HAS STOCK MARKET INVESTORS TAKING NOTICE. CHINESE AI APP DEEP SEEK HAS SHOT TO NUMBER ONE IN THE APPLE APP STORE FOR FREE APPS IN THE UNITED STATES, BEATING OUT CHATGPT FROM US BASED OPEN AI. THE STARTUP HAS BECOME SUDDENLY POPULAR IN ONLY A FEW WEEKS SINCE ITS RELEASE, AND EVEN MORE SO AFTER LAUNCHING A FREE ASSISTANT LAST WEEK. THE MARKET IS TAKING A HIT BECAUSE OF IT, PARTICULARLY THE TECH HEAVY NASDAQ. ESSENTIALLY, THOSE WHO THOUGHT THAT SPENDING WOULD BE MUCH MORE ROBUST IN THIS SPACE AT HIGHER PRICES FOR COMPANIES LIKE NVIDIA OR BROADCOM ARE NOW CONCERNED THAT, WELL, MAYBE SOME OF THOSE PROFITS AND SOME OF THAT SPENDING IS PUT AT RISK. Tech stocks had been seeing an AI -driven boom since the release, ChatGPT in 2022. AI DRIVEN BOOM SINCE THE RELEASE OF CHATGPT IN 2022. DEEP SEEK SAYS IT USES LESS EXPENSIVE CHIPS FOR ITS MODEL COMPARED TO OTHER LEADING AI COMPANIES LIKE OPENAI, META, AND GOOGLE, ALL OF WHICH ARE SPENDING TENS OF BILLIONS OF DOLLARS ON AI UPGRADES. DEEP SEEK'S SYSTEM MAY SIGNAL A TURNING POINT IN THE LEVEL OF INVESTMENT NEEDED FOR AI LESS RESOURCES, LESS COST, MORE EFFICIENCY. CHINESE HEDGE FUND MANAGER IS BEHIND THE APP, WHICH WAS DEVELOPED IN ITS AI RESEARCH UNIT, AND SO FAR, USERS SEEM TO BE IMPRESSED, much like they were when ChatGPT first rolled out. Now, there are questions surrounding privacy and Chinese government involvement with DeepSeek, similar to with TikTok, but potentially on an even larger scale. BUT JUST TODAY, COMPETITOR NVIDIA RELEASED A STATEMENT CALLING DEEP SEEK AN EXCELLENT AI advancement. Sonia Rincon,

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DeepSeek. It's free alternative to ChatGPT, and right now is the most popular free app in the Apple App Store today. Investors in artificial intelligence companies like NVIDIA quickly became fearful it may shake up the AI marketplace, and the result? A huge sell-off on the tech heavy Nasdaq. Here's how it closed today around 600 points down. Eyewitness News reporter Sonia Rincon has more. Reporter Sonia Rincon has more. Reporter A new player in the AI game has stock market investors taking notice. Chinese AI app Deep Seek has shot to number one in the Apple App Store for free apps in the United States, beating out ChatGPT from US based Open AI. The startup has become suddenly popular in only a few weeks since its release, and even more so after launching a free assistant last week. The market is taking a hit because of it, particularly the tech heavy Nasdaq. Essentially, those who thought that spending would be much more robust in this space at higher prices for companies like NVIDIA or Broadcom are now concerned that, well, maybe some of those profits and some of that spending is put at risk. Tech stocks had been seeing an AI -driven boom since the release, ChatGPT in 2022. AI driven boom since the release of ChatGPT in 2022. Deep Seek says it uses less expensive chips for its model compared to other leading AI companies like OpenAI, Meta, and Google, all of which are spending tens of billions of dollars on AI upgrades. Deep Seek's system may signal a turning point in the level of investment needed for AI. Less resources, less cost, more efficiency. Chinese hedge fund manager is behind the app, which was developed in its AI research unit, and so far, users seem to be impressed, much like they were when ChatGPT first rolled out. Now, there are questions surrounding privacy and Chinese government involvement with DeepSeek, similar to with TikTok, but potentially on an even larger scale. But just today, competitor NVIDIA released a statement calling Deep Seek an excellent AI advancement. Sonia Rincon,

DeepSeek Beats ChatGPT,

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