HONG KONG/TAIPEI -- Chinese companies may have felt a sense of satisfaction as they watched compatriot DeepSeek crash Nvidia's stock price, remembering a time two years ago when another American AI company, OpenAI, took the world by storm.
Prospect of cheaper, more efficient AI model rattles market and industry

China's DeepSeek offers cheaper AI inference services than U.S. rivals. © Reuters
HONG KONG/TAIPEI -- Chinese companies may have felt a sense of satisfaction as they watched compatriot DeepSeek crash Nvidia's stock price, remembering a time two years ago when another American AI company, OpenAI, took the world by storm.