Wall Street Breakfast China's DeepSeek outshines U.S. AI giants
Jan 27, 2025
Chinese AI lab DeepSeek is shaking up Silicon Valley with its R1 language model, posing a serious challenge to American tech giants. Meanwhile, Meta is luring creators with enticing deals to boost engagement on Instagram. In energy news, Diversified Energy is closing in on a significant deal in the Permian Basin, showcasing a shift in investment focus. Market reactions are varied, with stocks like NVDA and cryptocurrency facing turbulence amidst these developments.
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China's AI Advancements
- DeepSeek, a Chinese AI startup, has surprised Silicon Valley by outperforming American rivals in large language models.
- This raises concerns about China potentially overtaking the U.S. in AI development.
Meta's Instagram Promotion
- Meta is reportedly offering creators compensation to promote Instagram on other apps like Snapchat and YouTube Shorts.
- This move seems to capitalize on TikTok's absence from app stores.
Diversified Energy's Acquisition
- Diversified Energy is in advanced talks to acquire Maverick Natural Resources for $1.3 billion.
- This would be Diversified Energy's largest acquisition to date.