Silicon Valley praising Chinese AI startup DeepSeek: 'Profound gift to the world'
Published On Jan 26, 2025, 10:08 PM
DeepSeek, a Chinese AI startup, is gaining significant attention in Silicon Valley for outperforming major American AI firms like OpenAI and Meta. The company recently launched its R1 model, which achieved a top ten ranking in performance globally and was developed at a lower cost using less powerful hardware. Industry leaders are concerned about the implications of this competition, but others highlight the value of open-source AI development. Major investments in AI infrastructure are also underway in the US, aiming to maintain competitiveness in the sector.
Stock Forecasts
ARKK
Positive
Given the attention and competitive positioning of DeepSeek in the AI industry, there is potential for increased interest in companies involved in AI technology, particularly those with connections to open-source initiatives. Investment in AI ETFs or stocks of companies focusing on AI might benefit from the anticipated growth in the sector in reaction to competition.
Related News
Financial Advice on Social Media Is Growing. And Risky.
Jan 25, 2025, 5:00 AM
Everyday investors are turning to financial influencers, or ‘fin-fluencers,’ to learn how to manage their finances, but experts say rooting out misinformation is challenging.
Rachel Reeves: Why is she suddenly in a rush, asks Laura Kuenssberg
Jan 25, 2025, 11:52 AM
The chancellor raised taxes in the Budget - but now she wants to get rid of barriers to business. Why the change of focus?
Stanley Druckenmiller says 'animal spirits' are back in markets because of Trump with CEOs 'giddy'
Jan 20, 2025, 11:04 AM
"I'd say CEOs are somewhere between relieved and giddy. So we're a believer in animal spirits," Druckenmiller said.