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All right. Well, the market's lost in deep thought over Deep Seeks claims that have built an AI model in just a couple of months for less than $6 million.

Not a B, million dollars.

It's a tiny fraction of what U.S. companies are spending.

Earlier this week, the stock market went on one of those pit-in-your-stomach roller coaster rides.

The NASDAQ, led by Chipmaker and Vidia, lost a trillion dollars in value before calming down a little.

All because of a Chinese AI company called DeepSeek, and a new app it rolled out on January 20th.

Zheyehung was watching the market chaos with a little skepticism.

I mean, for me, I would say it's a little bit of overreaction.

As someone who has known this company for a year, who have been kind of tracking the development

of AI models in China, this is like a little

surprising to me, but not as in not enough to cause like a huge panic, right, like of the

whole market.

Zui covers Chinese tech for Wired.

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