DeepSeek App Disrupts Global AI Market, Tech Stocks Plummet

The launch of DeepSeek, a Chinese AI chatbot, has resulted in significant turmoil in the U.S. tech market, leading to a $1 trillion loss among American tech giants, particularly impacting Nvidia which lost $600 billion in a single day. DeepSeek has rapidly ascended to become the most downloaded free app on both Apple and Google’s app stores in the U.S. and Hong Kong, outperforming OpenAI's ChatGPT. However, the app’s responses have raised concerns about censorship, as it aligns closely with the Chinese government’s narratives on sensitive topics like the Hong Kong protests and Taiwan's status, often avoiding or reframing these issues. Users have noted that while DeepSeek performs well on general inquiries, it provides limited information on politically sensitive questions, often defaulting to phrases like