Illustrations Of DeepSeek As The Chinese AI App Causes NASDAQ Rout

HONG KONG, CHINA - JANUARY 28: In this photo illustration, the DeepSeek apps is seen on a phone in front of a flag of China on January 28, 2025 in Hong Kong, China. Global tech stocks have plummeted following the emergence of DeepSeek, a Chinese AI startup that has developed a competitive AI model at a fraction of the cost of its US rivals, sparking concerns about the high valuations of tech giants like Nvidia. This development has led to significant declines in tech shares across Asia and Europe, with markets in both regions experiencing notable losses as investors reassess the AI landscape and its potential impact on the industry's future. (Photo illustration by Anthony Kwan/Getty Images)