And people lost a ton of money, too: It seems that U.S. stocks dropped significantly after DeepSeek’s announcement (a concept Declassified fully understands and definitely did not need to Google), sending shockwaves through the markets (not the farmers’ market downtown, Declassfied is told. That one is still doing fine, thanks for the fact check, editors.)
What this means for global economies and tech industries remains to be seen, though the most urgent question is: What about Europe? When will the EU get its own stock-plummeting AI toy?
Maybe our leaders can help — sure, they are not exactly known for their technical prowess, but next week could present the perfect opportunity to prove us all wrong.
The bloc’s heads of states are having an “informal EU leaders’ retreat” on Monday: Why not use this corporate-inspired event to create a brand-new app?
Picture it.
President of the European Council António Costa leads a creative workshop on design thinking to come up with a product strategy in the morning, promising La Piola’s pizza and diet coke for lunch.
