China's DeepSeek Disrupts AI Landscape, Ignites Cost Debate

China's AI startup DeepSeek has surged to the forefront, overtaking ChatGPT as the top free app on Apple's App Store. Launched in January 2025, DeepSeek claims to have developed its powerful AI model for under $6 million, challenging the billions spent by rivals like OpenAI. This revelation has triggered a nearly $1 trillion selloff in US and European tech stocks, particularly impacting Nvidia, which saw a record loss of $589 billion in market value. As investors reevaluate AI investments, DeepSeek's rise could redefine industry standards and costs.

Source: BBC, NDTV, Indian Express