|
Former Intel CEO Pat Gelsinger claimed that “the markets are getting it wrong” when investors panicked out of the company’s leading AI equities over worries that DeepSeek would reduce demand for cutting-edge CPUs.
When a new AI model from the Chinese startup DeepSeek claimed to have replicated the success of a leading model released by OpenAI just months ago — and at a fraction of the cost — top AI companies, like Nvidia, saw hundreds of billions of dollars erased from their valuations on Monday.
Compared to the best AI laboratories in America, DeepSeek’s latest model, R1, which was unveiled on President Donald Trump’s Inauguration Day, seemed to have achieved the feat with fewer and less potent processors. The move has sparked worries that demand for chip stocks, such as Nvidia, may decline. Read more »
|
It is ok to contact this poster with commercial interests.
Share