DeepSeek is an AI assistant which appears to have fared very well in tests against some more established AI models developed in the US, causing alarm in some areas over not just how advanced it is, but how quickly and cost effectively it was produced.
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Individual companies from within the American stock markets have been even harder-hit by sell-offs in pre-market trading, with Microsoft down more than six per cent, Amazon more than five per cent lower and Nvidia down more than 12 per cent.
Knocking 1 trillion dollars out of a global rivals stock market for one.
For two, making huge, huge headlines that drive huge, huge investment for your future, locked up models. That’s why facebook released llama.
I think the first is a bonus, and the later is the reason. Deepseeks parent company is some crypto related thing which was stockpiling GPUs and opted to pivot to AI in 2023. Seems to have paid off now.
I believe it is an investment or trading company that dabbled I know crypto at one point.