A little-known Chinese AI startup, *DeepSeek, has sent shockwaves through global markets*. It is challenging giants like Nvidia, OpenAI, and Google. Its low-cost AI has triggered a selloff in US tech stocks and *wiped out over $1 trillion* in market value! *Here’s the FULL story* 🧵👇 Founded in *2023* by Liang Wenfeng, DeepSeek first made waves with its DeepSeek Coder and LLM models. Its real breakthrough came in May 2024 with *DeepSeek-V2* — a high-performance AI developed at a fraction of the cost of its competitors. Their latest model, R1, has pushed the boundaries even further. 👉 DeepSeek claims that R1 matches *OpenAI’s O1 model*, achieving a 97% success rate — but at *95% lower costs* 👈 *To put it into perspective* 🔹 OpenAI O1 cost per million tokens: $75 🔹 DeepSeek R1: $10.24 *That’s 86% cheaper!* A pricing disruption that’s already impacting global markets. Globally, it has fueled fears of reduced demand for expensive GPUs. 👉 This has lead to a historic *$600M drop in Nvidia’s stock* — the largest single-day loss ever for a US company. Adding to the drama, DeepSeek achieved all this with *just 220 employees* and *$50M* in funding. Meanwhile, OpenAI employs 4,500 people and relies on billions in investment. DeepSeek isn’t using cutting-edge hardware like Nvidia’s H100 GPUs. Instead, they’ve innovated with H800 GPUs, sidestepping US tech sanctions. DeepSeek has also *partnered with AMD* to build even more efficient AI models. But it’s not all smooth sailing. 👉 Despite its success, DeepSeek has raised concerns over *heavy censorship*. Discussions on *sensitive topics related to China* are met with responses like: “Let’s talk about something else.” As DeepSeek overtakes ChatGPT in app downloads, the big question remains. *Can US tech giants fight back? Or is this just the beginning of a new era for AI?*