Wall Street Week
Bonus Episode: What Is DeepSeek and Why Is It Sinking Stocks?
Jan 27, 2025
A new Chinese AI startup, DeepSeek, is shaking up the tech industry with cost-effective models using less advanced chips, challenging the dominance of big American companies. The buzz is causing investors to worry about inflated stock values and shifting market dynamics. With DeepSeek leading download charts amid US sanctions, discussions surround its impact on pricing and demand for chips used by tech giants like Nvidia. The conversation also touches on mental health support, adding an insightful layer amidst the market tumult.
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Quick takeaways
- DeepSeek's innovative AI model raises concerns over U.S. technological dominance, impacting valuations of major companies like Nvidia.
- The rise of open-source AI is democratizing technology, allowing smaller startups to compete effectively in a previously exclusive market.
Deep dives
Open Source AI for Innovation
Open source AI is becoming increasingly available, allowing startups to leverage powerful tools without significant financial barriers. For instance, RightSee utilizes Llama, Meta's free open-source AI model, to create Job Search Genius, an AI tool that aids job seekers in resume writing, interview preparation, and salary negotiation strategies. This accessibility fosters innovation among smaller companies, encouraging them to create competitive products in a previously exclusive landscape. The trend highlights the transformative potential of open-source resources in democratizing technology and spurring entrepreneurial initiatives.
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