China’s newly launched AI bot, ‘Deepsic,’ has created significant upheaval in the global tech industry. This advanced yet low-cost AI bot has negatively impacted the stock market performance of major U.S. tech companies.
The hardest hit has been taken by NVIDIA, a leading chip manufacturer. A sharp decline in its stock value has resulted in losses exceeding $500 billion.
Impact Beyond the U.S.
The influence of Deepsic isn’t confined to the U.S. alone. Stock markets in Japan, South Korea, and Taiwan have also faced declines due to its introduction.
Overtaking ChatGPT as the Most Downloaded App
According to the BBC, Deepsic, launched just last week, has already surpassed ChatGPT to become the most downloaded free app in the United States.
The rapid rise in Deepsic’s popularity can be attributed to its low cost and highly efficient capabilities. It is significantly more affordable than its competitors, making it a favorite among users.
The launch of Deepsic has ignited new competition in the AI technology sector, with experts predicting further transformations in the tech industry in the days to come.