DeepSeek Explained-A detailed overview On January 27, 2025, the global AI landscape shifted dramatically with the launch of DeepSeek, a Chinese AI startup has rapidly emerged as a disruptive force in the industry. Unlike its Western counterparts, DeepSeek has achieved exceptional AI performance with significantly lower costs and computational resources, challenging giants like OpenAI, Google, and Meta. But the shockwaves didn’t stop at technology’s open-source release of its advanced AI model, R1, which triggered a historic market reaction. The Nasdaq Composite plunged 3.1%, the S&P 500 fell 1.5%, and Nvidia-one of the biggest players in AI hardware-suffered a staggering $593 billion loss in market capitalization, marking the largest single-day market wipeout in U.S. history. […]