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.
Tag: DeepSeek
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USING AI, MINUS THE SURVEILLANCE: PRIVACY EXPERT GABRIEL CUSTODIET
I recently interviewed Gabriel Custodiet of The Watchman Privacy Podcast, and escapethetechnocracy.com.
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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.
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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.
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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.
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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.”
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ITALY SUSPENDS DEEPSEEK
Italy has blocked residents’ access to DeepSeek, citing concerns about the company’s potential abuses of users’ personal data.
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DEEPSEEK’S COMPETITORS CLAIM EQUAL PERFORMANCE RESULTS
DeepSeek is not the only Chinese AI developer coming forward to challenge U.S. dominance in the industry. Others, and at least one in the U.S., are stepping up.
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ALTMAN SALUTES DEEPSEEK AS OPENAI LOBS CHARGES AT RIVAL
DeepSeek’s R1 AI is “impressive, particularly around what they’re able to deliver for the price,” OpenAI CEO Sam Altman wrote in a 20 January post on X. “We will obviously deliver much better models and also it’s legit invigorating to have a new competitor!”
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VENTURE CAPITALISTS REASSESS IN WAKE OF DEEPSEEK’S REVELATION
In 2023 through 2024, venture capitalists dumped about $155 billion into AI, data service Pitchbook reported. OpenAI alone has collected $24 billion, with Anthropic—founded by OpenAI alumni—raising $16 billion.