DeepSeek's unveiling wiped out $1trn from US stocks A new Chinese AI chatbot called DeepSeek sent shockwaves through the tech industry on Monday, causing US tech stocks to plummet. The impact was so significant that some investors compared it to the "Sputnik moment" - when the Soviet Union surprise
```
Members Only

Login or create an account to continue

This article is available to registered BusinessDay readers. Please login if you already have an account, or create a new account to continue reading.

New to BusinessDay? Register now and start reading.

```

Oluwatosin Ogunjuyigbe is a writer and journalist who covers business, finance, technology, and the changing forces shaping Nigeria’s economy. He focuses on turning complex ideas into clear, compelling stories.

Join BusinessDay whatsapp Channel, to stay up to date

Open In Whatsapp