[KongchangAI]
Unverified60% confidenceEventExact time

In early 2024, DeepSeek-R1 reportedly reproduced reasoning capabilities close to GPT-4o at a training cost of less than $6 million, triggering a single-day evaporation of hundreds of billions of dollars in global AI stock market value.

2
Sources
60%
Confidence
Long-term
Relevance
7/18/2026
First Seen

Sources

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