Wall Street tech stocks sell for $1tn as DeepSeek woos investors


A small Chinese intelligence lab shocked the world last week by revealing the technical recipe for its flagship model, turning its independent leader into a national hero who has opposed US efforts to stop China's high-profile ambitions.

DeepSeek, founded by hedge fund manager Liang Wenfeng, released its R1 model last Monday, explaining in a white paper how to build a large language model on a bootstrapped budget that can learn automatically and improve itself without human control.

The release of the company's R1 has caused a heated debate in Silicon Valley about whether US companies with better AI tools, including Meta and Anthropic, can protect their technology.

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