Chinese AI platform has triggered a significant decline in the global stock market

The emergence of the Chinese AI platform 'Deepseek' has reportedly triggered a significant decline in the global tech stock market, wiping out up to $2 trillion in market value.

Deepseek's advanced data processing and predictive modeling capabilities have created concerns over its potential to outpace established U.S. tech giants, leading to a loss of investor confidence.

Major players like NVIDIA, Alphabet, and Microsoft have seen their shares dip by 5-8% in response to this disruption. Analysts highlight that Deepseek's rapid innovation has intensified global competition in AI development, forcing investors to reassess traditional leaders' dominance in the tech sector.

(Achintha Madura)