Bloomberg: DeepSeek raises concerns in the US tech industry, Nasdaq futures plummet

BlockBeats news, on January 27th, according to Bloomberg, US stock index futures plummeted in Asian morning trading on Monday due to concerns that China's DeepSeek artificial intelligence model may disrupt the technology market. As of 10:12 am Hong Kong time, S&P 500 futures fell 1% at one point, and Nasdaq 100 futures fell 1.9% at one point. DeepSeek released an upgraded version of its artificial intelligence model last week, stating that it is comparable to OpenAI's technology. Last weekend, there were reports that the product ran on chips with lower performance and lower costs, which raised doubts about the dominant position of American technology companies such as Nvidia. Nirgunan Tiruchelvam, consumer and Internet director of Aletheia Capital, said that DeepSeek products "seriously violate the argument that" Silicon Valley's investment of huge capital and operating expenses is the most appropriate way to respond to the trend of AI ". It makes people doubt the large amount of resources invested in AI."