From obscurity to global fame, DeepSeek’s rise spooks global giants It now sits in second position behind OpenAI’s ChatGPT DeepSeek’s 24-hour reign as the top AI term sparked market chaos On January 28, DeepSeek R1, a mere eight days old at the time, became the world's most popular AI term on Google Trends for 24 hours. It surpassed well-known AI terms such as ChatGPT, Llama, Gemini, and CoPilot, capturing global attention and causing unprecedented volatility in stock markets. This sudden rise sent shockwaves through stock markets, particularly affecting shares of major companies like Nvidia and ASML, which saw significant declines….