DeepSeek, a Chinese AI company, has attracted the attention of the US market and sent shockwaves through Wall Street with its new technology that some experts say can rival OpenAI’s ChatGPT. However, it’s a curious irony that this company, which has developed groundbreaking technology with a mere $60 million in development costs, is making waves in an industry where giants like OpenAI and Google are investing trillions. It’s a question that lingers: is the massive investment in AI by the US just a case of overindulgence?
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