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NVIDIA was down almost 20% earlier on this news.
What interests me about this is that the Chinese may finally be transitioning from copying the west on innovation to leading it.
DeepSeek, a one-year-old startup, revealed a stunning capability last week: It presented a ChatGPT-like AI model called R1, which has all the familiar abilities, operating at a fraction of the cost of OpenAI’s, Google’s or Meta’s popular AI models. The company said it had spent just $5.6 million on computing power for its base model, compared with the hundreds of millions or billions of dollars US companies spend on their AI technologies.
What interests me about this is that the Chinese may finally be transitioning from copying the west on innovation to leading it.