DeepSeek roiled the AI industry and financial markets last month with news of its world-class R1 model made on the cheap. The news set off a tsunami of Chinese investment and focus on the potential of domestic AI.
Category: TRENDS IN AI – Mar 4 2025
AI FERVOR REACHES EUROPE
Fourth-quarter earnings among tech companies in the MSCI Europe stock index grew by an average of 5.5 percent, compared to analysts’ forecasts of 0.5 percent.
MICROSOFT CANCELS LEASES ON DATA CENTERS
Microsoft, which had budgeted $80 billion this year to build out its AI infrastructure, has been canceling leases on “a substantial amount of data center capacity,” Bloomberg reported.
DEEPSEEK WILL NOT SLOW DEMAND FOR DATA CENTERS, SUPPLIER SAYS
The kind of cheaper, less energy-intense AI created by Chinese start-up DeepSeek will not slow the headlong demand for AI data centers around the world, according to Schneider Electric, a major supplier of electrical infrastructure to the centers and other industrial sites.