Nvidia Praises DeepSeek’s Breakthrough Despite Losing $500B in Market Cap Because of It
Despite the negative financial impact, Nvidia praised DeepSeek’s breakthrough. “DeepSeek is an excellent A.I. advancement and a perfect example of test time scaling,” a company spokesperson told Observer in a statement.
Nvidia shares' 9% recovery Tuesday was the second-best day in terms of market cap added for any company ever—but the company ...
China’s DeepSeek says it trained an AI model for less than $6 million. This is as big U.S. tech companies have poured ...
While companies like DeepSeek may find success in certain market segments, they face an uphill battle against this massive ...
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DeepSeek: China’s cheap AI melts NVIDIA’s $600 billion, tanks $1 trillion from US techNVIDIA, the world's most valuable company until Monday, lost $600 billion of market value in a single day, the biggest in US ...
The DeepSeek technology has the potential of bringing more people into world of AI and expanding the transformative power of ...
DeepSeek stunned the tech world with the release of its R1 "reasoning" model, matching or exceeding OpenAI's reasoning model ...
Yet if fast followers such as DeepSeek can eat away at that lead for a fraction of the cost, then those profits are at risk.
That all changed Monday when the market went into full meltdown over DeepSeek AI. The China-based company sent Wall Street ...
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