The stock market just lost $1 Trillion in value today.
All because a company out of China dropped a new AI Model called DeepSeek R1, which is much better and only costs $6 million, versus American tech companies spending billions.
China's release of Deepseek a day after Trump announced the $500 Billion Stargate AI project is hilarious.
DeepSeek is like buying a $2,000 first-class plane ticket only to find out the guy sitting next to you paid $200 for the same seat.
Goodbye ChatGPT.