Deepseek Is Here, Why Are US Tech Bros Reacting To It?
What Is Deepseek? & Why Does It Have US Tech Bros Losing Their Sh*t - Page 2
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Source: RICCARDO MILANI / Getty / Deepseek
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Per The New York Times:
The Chinese AI company DeepSeek has said it can match the abilities of cutting-edge chatbots while using a fraction of the specialized computer chips that leading AI companies rely on. That’s prompted investors to rethink the heady valuations of companies like Nvidia, whose equipment powers the most advanced AI systems, as well as the enormous investments that companies like Alphabet, Meta and OpenAI are making to build their businesses.
On Monday, the S&P 500 index fell 1.5 percent, and the tech-heavy Nasdaq dropped 3.1 percent. Nvidia was hit hard, plunging 16.9 percent and losing roughly $600 billion in market value. Falling tech stocks also dented market indexes in Europe and Japan.
Hilariously, Donald Trump recently announced a $500 billion investment in AI infrastructure called the Stargate initiative, who thinks of these names? OpenAI, SoftBank, and Oracle will lead it. No one put it together at the time, but it would seem this announcement could have been made in anticipation of Deepseek’s arrival. Trump’s buddy, Elon Musk, also slammed it.1. TEARS
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What Is Deepseek? & Why Does It Have US Tech Bros Losing Their Sh*t - Page 2 was originally published on hiphopwired.com

