China’s DeepSeek AI Causes Decline in Technology Shares Worldwide

The release of DeepSeek-R1 on January 10, an open-source AI model developed by Chinese start-up DeepSeek AI, has caused a decline in technology shares over the world.The model has raised concerns about its potential to disrupt the AI industry and the supply chain reliant on high-tech chips.Nasdaq futures fell by over 3%, while S&P 500 futures dropped nearly 2% during pre-market trading.
The release of DeepSeek-R1 on January 10, an open-source AI model developed by Chinese start-up DeepSeek AI, has caused a decline in technology shares over the world.The model has raised concerns about its potential to disrupt the AI industry and the supply chain reliant on high-tech chips.Nasdaq futures fell by over 3%, while S&P 500 futures dropped nearly 2% during pre-market trading.
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