WTF?! Would you be willing to use the App Store-topping DeepSeek if doing so were illegal, potentially landing you behind bars for 20 years and a fine up to $1 million? A senator has introduced a new bill designed to restrict Chinese AI products that would make this bizarre scenario a reality.
What just happened? Nvidia has once again broken the record for the largest one-day decline of market value in US history. After the release of the open-source R1 AI model by Chinese startup DeepSeek, which caused panic within the industry, Team Green's shares dropped 17%, resulting in its market cap falling by almost $600 billion.