Did DeepSeek lie
šØš³ Did DeepSeek lie? Probably. The Chinese-run AI company sent American tech stocks crashing after reporting it only cost āem $5.6 million to chat up to ChatGPT and all the rest. Nvidia lost $600 billion (down 17%) on Monday, the worst drop since March 2020. Turns out that was some creative math. DeepSeek spent that much training its V3 model but has invested $500 million in its tech since 2023. For the record, thatās still pretty low compared to U.S. companies, which spent upwards of $50 billion. ICYMI, hereās more about DeepSeek.