China’s tech stocks are surging in price in the wake of start-up DeepSeek’s announcement of its world-class artificial intelligence system developed at a fraction of the costs that Western developers have incurred to create theirs.
Tag: DeepSeek
STOCKS’ “FRAGILITY” WORST IN THREE DECADES, BOA WARNS
Share prices of the 50 largest stocks in the Standard & Poor’s 500 index are more fragile than at any time this century, Bank of America (BoA) analysts warn in a new report.
WHAT IF AI DOESN’T NEED SO MUCH ELECTRICITY AFTER ALL?
China’s DeepSeek AI was trained for $6 million using second-tier chips, the company says.
U.S. DOMINANCE OF EQUITY MARKETS IS ENDING
The U.S. stock market’s global dominance will peak this year and then decline, Michael Hartnett, Bank of America’s chief global strategist, has warned.
USING AI, MINUS THE SURVEILLANCE: PRIVACY EXPERT GABRIEL CUSTODIET
I recently interviewed Gabriel Custodiet of The Watchman Privacy Podcast, and escapethetechnocracy.com.
GET DEEPSEEK, GET 20 YEARS IN PRISON?
The new motto in the U.S. when it comes to tech competition with China is: If you can’t beat them, ban them.
UPDATE: THE DEEPSEEK EFFECT
DeepSeek’s arrival will not halt Wall Street’s year-plus-long tech rally, investors told the Financial Times, although it might alter the list of winners and losers.
HEDGE FUNDS PLACE MASSIVE BETS ON U.S. MARKET “CRASH”
Hedge funds have spent billions of dollars taking short positions on U.S. equity markets, betting “against Donald Trump’s America amid fears of a market crash,” the Financial Times reported.
MICROSOFT CEO PRAISES DEEPSEEK, WILL OFFER THE R1 TO ITS CUSTOMERS
“DeepSeek has had some real innovations,” Microsoft CEO Satya Nadella said during a 27 January call with investors. “Obviously now that all gets commoditized and it’s going to get broadly used.”
ITALY SUSPENDS DEEPSEEK
Italy has blocked residents’ access to DeepSeek, citing concerns about the company’s potential abuses of users’ personal data.