DeepSeek didn’t just shake up the AI industry—it detonated a bomb under it. In a matter of weeks, a scrappy Chinese lab spun out of a hedge fund managed to do what few thought possible: build AI models as powerful as OpenAI’s GPT-4 at a fraction of the cost. The fallout was immediate: A $1 trillion market wipeout, Nvidia’s worst single-day loss ever, an…
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