#DeepSeekImpact The market crash is attributed to China’s DeepSeek’s superiority over ChatGPT – what’s the real story?

❗️ The talk is currently centered around the DeepSeek app, which was developed in less than two months at a cost of no more than $10 million.

Despite its low costs and small team of no more than 200 people, it managed to top the list of apps in the App Store.

This is in stark contrast to the US’s $500 billion investment in artificial intelligence.

❓ What does this have to do with the market crash?

Investors have begun to question the high valuations of major US tech companies, especially those leading the AI ​​field.

If a low-cost app like DeepSeek can compete with or outperform products like ChatGPT that require huge investments, this raises concerns about the true value of these companies.

This doubt has led to a severe sell-off, leading to a decline in stock prices, particularly the Nasdaq index.

The crypto market has also followed suit, compounding the decline.

⚠️ Some believe that this collapse was exaggerated by financial institutions manipulating the market to re-arrange their investment positions, which contributed to increasing chaos.#DeepSeek#chatgpt