TOKYO: Japanese tech stocks fell sharply for a second day running on Tuesday (Jan 28) following a plunge in US tech stocks driven by the emergence of a

DeepSeek released an open-source artificial intelligence model in December, saying it took only two months and less than $6 million to create it.

Shares of Japanese chip-related firms were feeling the heat on Monday. Today’s slump comes as Chinese AI startup DeepSeek gained traction with its updated AI model, raising fears about potential challenges to US technological dominance.

Japan's chip-related stocks fall as DeepSeek gained momentum, raising concerns about a challenge to America's global leadership in artificial intelligence.