If you were scanning the headlines about AI over the weekend, you’d be forgiven for thinking that the sky is falling in. Here are the cliff notes. DeepSeek, a Chinese company, demonstrated its AI models are on par with, or even better than, US rivals OpenAI but built at a fraction of the cost. Its app shot to the top of the App Store. This caused the US-led tech order to freak out about its hegemony in AI. Come Monday morning, US tech stocks, namely AI chipmaker Nvidia, had plummeted. Now, by Tuesday morning the sell-off had died down. As…

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