Jensen Huang Called It a “Horrible Outcome.” Eight Days Later, DeepSeek Made It Real.

DeepSeek V4 Is the Largest Open-Source AI Model Ever Built. It Runs on Chinese Chips. And It Costs 1/7th of what you’re Paying Now.

Photo by Solen Feyissa on Unsplash

You might remember what happened in January 2025. A Chinese startup that almost nobody outside the AI research community had heard of published a model that crashed Wall Street in hours. Hundreds of billions of dollars in market value evaporated because a team in Hangzhou had proved you could build a frontier AI model w…