Chinese artificial intelligence stirs up another stock exchange
28 January 09:39
The Tokyo Stock Exchange continued the trend started yesterday on cryptocurrency exchanges. The Chinese artificial intelligence model DeepSeek has led to a decline in the price of shares of technology companies, Komersant ukrainskyi reports citing Kyodo News.
The Nikkei 225 index fell by 225.65 points (0.57%) to 39,340.15. This index is considered one of the most important in Japan, as it includes data from 225 of the largest companies on the Tokyo Stock Exchange. It includes all of Japan’s tech giants.
At the same time, the broader Topix index, which includes all large-cap companies, rose by 12.43 points (0.45%) to 2,770.50. Companies that are not tech giants are less dependent on artificial intelligence news.
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DeepSeek
The sharp drop was caused by the collapse of the Nasdaq index after the news that the Chinese startup DeepSeek presented an artificial intelligence model that cost significantly less to develop than that of its American competitors. The Chinese startup spent only 2 months and $6 million to create and train its model. US DOLLARS. American competitors have been developed for years and cost an order of magnitude more.
DeepSeek has already overtaken ChatGPT and become the most popular free program in online app stores. Its main advantage is its ability to provide accurate and fast answers to user requests, which makes it attractive to a wide audience. In addition, the app is still free, which contributes to its massive adoption.
The success of DeepSeek has caused concern among Western tech companies, which believe that Chinese developers could pose serious competition in the AI market. Some experts note that the emergence of such applications could change the global balance of power in the technology sector.
At the same time, DeepSeek is facing criticism over the possible use of user data and the ethical aspects of AI. Some users express concerns about the privacy of their data when using the application.
DeepSeek’s developers state that they are committed to ensuring the security and privacy of user data, and continue to work on improving AI algorithms to provide better and more accurate answers.