The AI industry is set to lose more than $1 trillion after an open-source Chinese AI company DeepSeek's ChatGPT competitor skyrocketed in popularity over the weekend, sparking fears that the massive hype surrounding the tech was unwarranted. Today was a real bloodbath for Silicon Valley, with AI chipmaker wiping out over half a trillion in market value alone, possibly the biggest one-day market loss for a single company in history. The news certainly isn't a vote of confidence in president Donald Trump, who made a massive stake in the AI industry during the first week of his second term. Last […]