The AI Bubble Bursts: Stock Market Is Crashing

The stock market crash just started with the S&P 500 dropping 2.5% and big tech stocks losing over 10% of their value.

Over the weekend, DeekSeek released their R1 model which is as good as or better than OpenAI and other AI LLM models.

Apparently they built the model on a fraction of the budget and the stock market is now panicking about the valuations of big tech stocks.

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