CTT Week 1
Chinese startup DeepSeek has launched AI models that rival leading U.S. counterparts at a fraction of the cost, training its DeepSeek-V3 model with less than $6 million worth of Nvidia H800 computing power. Their AI Assistant has surpassed ChatGPT to become the top-rated free app on Apple's U.S. App Store. This development has raised questions about the substantial AI investments by U.S. tech companies and impacted the stock prices of major firms, including Nvidia.
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