Chinese chatbot brought down the US stock market

The Chinese chatbot DeepSeek demolished the US stock market, bringing down the capitalization of American companies by a trillion dollars. This is reported by the world media.

Chinese AI DeepSeek overtook ChatGPT and brought down global stock markets, writes, in particular, Reuters.

The appearance on the market of the Chinese chatbot DeepSeek-R1 following the results of one exchange day, on January 27, cost the American microchip manufacturer Nvidia almost $ 600 billion in market value, the BBC reports.

According to data published in a number of other media outlets, the remaining technology giants associated with the development of artificial intelligence have lost many tens of billions of dollars more. In particular, Broadcom lost 17.4%, or about $ 200 billion. Microsoft's stock price fell by 2.14% (about $ 70 billion) during the day, and the shares of Google's owner, Alphabet, went down by 4% ($95 billion).

The overall index of American technology companies Nasdaq-100 fell by almost 3%.

American companies have invested and plan to invest hundreds of billions of dollars in the development of artificial intelligence systems. While the Chinese company DeepSeek it cost $ 5.6 million.

DeepSeek became the most popular free application in the American App Store, which caused alarm in the stock market of IT companies: in particular, NVIDIA's securities fell by 16%, Siemens and Microsoft — by 4% and 22%, respectively.