Tag: DeepSeek
OpenAI CEO Sam Altman’s first comment on rival DeepSeek: Impressive for its price
OpenAI CEO Sam Altman described the Chinese startup DeepSeek’s R1 artificial intelligence model as “impressive,” but emphasized that the key to OpenAI’s success lies in greater processing power. DeepSeek garnered attention by stating that it used lower-capacity Nvidia H800 chips to train its V3 model, spending less than $6 million in processing power. The recently
DeepSeek Storm: Major Wealth Losses for Billionaires in the U.S. Stock Market
The Chinese AI startup DeepSeek has caused significant turmoil in the U.S. stock market, leading to substantial losses for many prominent billionaires. One of the hardest-hit companies was Nvidia. As Nvidia’s stock plummeted by 17%, the company’s market value saw a record decline of $589 billion. This resulted in a $20.1 billion drop in the
Elon Musk showed support for Jack Dorsey’s tweet
Chinese artificial intelligence company DeepSeek has recently gained attention by causing significant declines in the American stock and cryptocurrency markets. This event highlights the importance of open-source code and cost-effectiveness in AI technology. Many prominent figures, including Elon Musk, have criticized the closed-source nature of OpenAI’s ChatGPT. In response, Musk’s xAI company has developed an
Nvidia’s DeepSeek Shock: Market Value Drops by $500 Billion
Chinese company DeepSeek has developed a new artificial intelligence model that uses fewer chips and takes less time to create than its international competitors. This development has triggered significant selling pressure in global technology stocks, causing Nvidia, a U.S.-based chip manufacturer, to lose over $500 billion in market value. According to a report in Dünya
XRP starts the week with a 10% decline
On Monday, negative sentiment swept through the cryptocurrency market. China’s DeepSeek announcement raised concerns about stricter regulations on cryptocurrencies, causing significant market fluctuations. Bitcoin fell below $100,000, and XRP dropped by up to 10%. XRP traded at $2.8191, losing 10.01% according to the Investing.com Index. This decline marks the largest single-day drop since December 18,
DeepSeek Disrupts Tech Stocks Amid Concerns Over U.S. AI Leadership
The global technology sector experienced a jolt on Monday as Chinese startup DeepSeek unveiled its latest AI model. This announcement raised alarms about the United States’ position in the tech landscape. Investors began to reevaluate the high valuations of major players like Nvidia, which has led the AI stock surge due to its advanced chips.