AI Shakeup: How a Chinese Chatbot is Rocking Wall Street
The Rise of DeepSeek In a stunning turn of events, a chatbot developed by the Chinese startup DeepSeek has ignited a frenzy in US stock markets, sparking intense discussions surrounding…
Wall Street refers to a famous thoroughfare in the Financial District of Manhattan, New York City, known for being the heart of the U.S. financial markets. It is popularly used as a metonym to describe the financial industry, including investment banks, stock exchanges, and major financial institutions located in and around the area. Wall Street is home to the New York Stock Exchange (NYSE), which is one of the largest stock exchanges in the world. The term embodies the concepts of trading, investing, and finance, and it is often associated with the culture of capitalism, wealth, and economic power. Additionally, “Wall Street” is symbolic of the financial sector’s influence on the global economy and can represent both the benefits and criticisms of capitalism, including issues related to financial regulation, corporate responsibility, and economic inequality.
The Rise of DeepSeek In a stunning turn of events, a chatbot developed by the Chinese startup DeepSeek has ignited a frenzy in US stock markets, sparking intense discussions surrounding…