The Rundown Chinese AI Startup DeepSeek Rattles Nvidia, Nuclear Stocks Have a Meltdown
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Jan 27, 2025 A Chinese AI startup is creating waves by challenging U.S. giants at a fraction of the cost. The discussion dives into investor fears and the market's volatility as earnings reports loom. Additionally, the intriguing impact of nuclear stocks facing unexpected turmoil catches attention, highlighting broader economic trends and uncertainties.
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DeepSeek Disrupts AI Economics
- DeepSeek, a Chinese AI startup, achieved performance comparable to US rivals at significantly lower costs.
- This has caused panic among investors and questions about US AI dominance.
DeepSeek's Innovation and Open Source Model
- DeepSeek's cost-effective model, developed despite US chip restrictions, may reduce demand for NVIDIA chips.
- The open-source nature of the model might further intensify competition and innovation.
TikTok Acquisition Talks
- Oracle and Microsoft are discussing acquiring TikTok, with Oracle seeming like a logical buyer due to existing business ties.
- Other bidders include Perplexity AI, offering a potential 50% stake to the US government.