Chinese AI startup DeepSeek shocked the tech industry with its extremely cost-effective AI model, which was trained at a fraction of the cost compared to its far more resource-intensive rivals in the US. DeepSeek turned out to be a force to be reckoned with, triggering a more than $1 trillion selloff, with spooked investors wondering whether they had grossly overpaid the likes of OpenAI and Meta for years. And while OpenAI CEO Sam Altman has since congratulated DeepSeek for its "impressive" R1 reasoning model, he promised spooked investors to "deliver much better models." But considering the sweeping changes the ChatGPT […]