We investigate the physics of an open two-component Dicke model, where the light field mediates nonreciprocal interactions between two spin species. We show that the model, which we dub nonreciprocal Dicke model, exhibits a discrete parity-time (PT) symmetry and we characterize the emergence of a nonstationary phase, so far explained in terms of dissipation-induced instability, as spontaneous breaking of PT symmetry. We further show that such PT symmetry breaking embodies an instance of a nonreciprocal phase transition, a concept recently introduced by Fruchart et al.
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