HOW CHINA CRASHED A TRILLION DOLLARS IN 48 HOURS
January 2025. A Chinese AI startup nobody heard of released DeepSeek R1. It matched GPT-4’s performance on coding, math, and reasoning benchmarks. Training cost: $5.6 million. OpenAI spent over $100 million training GPT-4. In 48 hours, Silicon Valley lost $1 trillion in market value.
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