Why China’s DeepSeek AI freaked out Wall Street | ABC News Daily podcast

It shocked Silicon Valley and set tech stocks tumbling on Wall Street.
When a little-known Chinese company DeepSeek launched its own surprisingly capable artificial intelligence chatbot, the sector panicked.
DeepSeek claims to have developed its model despite spending far less money on expensive computer chips than its US-based competitors.
Today, Professor Michael Blumenstein from the Australian Artificial Intelligence Institute at UTS on what DeepSeek has managed to pull off and how it could change the entire AI landscape.
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Michael Blumenstein, University of Technology Sydney