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2025January › 28

Altman

17 months ago

The launch of the AI chatbot DeepSeek wiped $1tn off the value of US tech stocks. That should worry even this overhyped and self-satisfied twosome

They say your enemy’s enemy is your friend. Sometimes…

DeepSeek's emergence has raised doubts about the reasoning behind some US tech companies' decision to pledge billions of dollars in AI investment, and shares of several big tech players have been hit.
Executives and investors question valuations and whether vast capital outlays are needed after all

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