The advancement of artificial intelligence is rapidly increasing in today’s era. Many individuals are utilizing platforms such as OpenAI, Google, and Meta to facilitate their work processes. The application of these technologies is also on the rise day by day. American companies predominantly dominate the AI sector, with organizations like ChatGPT and Gemini being under their control. Recently, the Chinese company DeepMind has unveiled a new artificial intelligence (AI) chatbot. This chatbot has been designed to compete with American models such as OpenAI’s ChatGPT. It offers functionalities similar to ChatGPT at a lower cost, thereby shaking the confidence in American AI technology firms. As a result, American stocks have experienced significant declines, particularly affecting leading companies like Nvidia and Apple. Following the introduction of the new artificial intelligence chatbot by the Chinese company DeepSeek, the American technology sector experienced a staggering loss of $1 trillion, which is approximately ₹83 lakh crore in Indian currency. Concurrently, shares of Envidia plummeted by 17%, resulting in a market value decline of $600 billion.
In contrast, the Dow Jones Industrial Average saw an increase of 289.33 points, or 0.65%, closing at 44,713.58. Meanwhile, the S&P 500 fell by 88.96 points, a decrease of 1.46%, ending at 6,012.28, and the Nasdaq Composite dropped by 612.47 points, or 3.07%, closing at 19,341.83. Following the decline of American company stocks, President Trump remarked that China’s advancements in artificial intelligence and its low-cost models present new challenges for many global technology firms. He noted that he has been studying China, where certain companies are rapidly introducing efficient and affordable AI solutions, which is commendable. However, he emphasized that when comparing China and the United States, America has consistently maintained a leading position in the fields of science and innovation. While Chinese leaders have been at the forefront of developing cost-effective technologies, American scientists excel in creating superior alternatives. The United States has always remained at the forefront of scientific discovery and innovation.