US Stock Futures Tumble as DeepSeek Disrupts Big Tech Landscape

U.S. stock futures fell sharply on Monday, driven by concerns over the emerging Chinese AI startup DeepSeek, which has introduced a cost-effective, open-source AI model that threatens the dominance of established tech giants like Nvidia and OpenAI. Experts warn that while DeepSeek's models are significantly cheaper to run, their long-term viability remains unproven. This uncertainty has rattled investors, leading to a notable decline in Nasdaq futures by 1.8% and S&P 500 futures by 0.9% as the market braces for potential disruptions in the tech sector.

 

Source: Financial Express, Finance Yahoo, ABC News