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A Chinese rival to ChatGPT wiped $700 billion from the value of the world’s largest tech companies in just one day. DeepSeek claims its free, open-source model is more cost-effective and efficient than its American rivals calling into question the dominance of Silicon Valley. One tech baron has even called it a ''Sputnik moment" in reference to the time when Russia surprised the US by launching the first satellite into orbit - which began the space race.
This podcast was brought to you thanks to the support of readers of The Times and The Sunday Times. Subscribe today: http://thetimes.com/thestory
Guest: Danny Fortson, West Coast Correspondent, The Sunday Times.
Host: Manveen Rana.
Producer: Samantha Chantarasak.
Further listening: The Times Tech Podcast
Clips: Fox News, NBC News, MSNBC, CNN.
Photo: Getty Images.
Get in touch: thestory@thetimes.com
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