Big Tech in panic mode... Did DeepSeek R1 just pop the AI bubble?

DeepSeek, a Chinese company, released the open source R1 model, which outperforms major AI models and costs significantly less to develop. This development has sent shockwaves through the tech industry, particularly impacting Nvidia and other chip companies. In response, OpenAI is offering new features and models to stay competitive. The breakthrough signifies a major shift in the AI landscape, with Wall Street and tech investors concerned about future profitability.