Brazil’s WEG Shares Feel the DeepSeek Shockwave
A Chinese AI startup, DeepSeek, sent ripples through global tech markets on January 27, 2025. The company’s cost-effective AI model challenged industry giants, causing WEG S.A. (WEGE3) shares to plummet over 8% on Brazil’s Ibovespa index. DeepSeek’s free AI assistant claims to match or surpass established models at just 3-5% of their operational costs. This […]