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Leading AI equities have declined in response to DeepSeek’s new AI model.
According to Pat Gelsinger, the former CEO of Intel, the markets were mistaken on Monday.
Gelsinger stated that rather than lowering demand for processors, DeepSeek boasts that producing AI at a low cost would increase it.
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. Read more »
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