Crypto News
DeepSeek spells crisis for American AI companies, starting with Nvidia’s $500 billion landslide
![](https://fortune.com/img-assets/wp-content/uploads/2025/01/GettyImages-2195688075-e1738000906943.jpg?resize=1200,600)
DeepSeek, whose chatbot became the top-rated free application on Apple’s U.S. App Store, said it spent only $5.6 million developing its model—peanuts when compared with the billions US tech giants have poured into AI. Read More