DeepSeek, a Chinese AI startup, has caused a significant selloff in global markets due to its cost-effective and high-performing AI model, R1. This has raised concerns about the valuation of US tech stocks, leading to major declines in companies like Nvidia and ASML. The US dollar weakened against other currencies, while commodity prices fell. Despite the initial panic, the dollar rebounded the following day. DeepSeek's success has prompted discussions about the potential for renewed US-China trade tensions, with President Trump calling it a wake-up call for American tech. Teljes cikk (Euronews.com)