Chinese AI startup DeepSeek continues to be the talk of Wall Street and Silicon Valley, with JPMorgan analysts saying U.S. firms such as Nvidia (NVDA), Meta (META), and Google parent Alphabet stand to benefit from its demonstration of potentially cheaper AI model training and inferencing.
Meanwhile, Alphabet stock plunged this week after it missed revenue expectations for the fourth quarter.
Read about this and more in this week’s AI roundup.
OpenAI is reportedly making its largest marketing push yet on one of advertising’s most coveted nights.
Not long after ChatGPT came out, a leaked email from Google said what many were thinking but few dared say out loud: “We Have No Moat. And neither does OpenAI.” The May 2023 memo argued that companies would never pay for generative AI when there were open-source options out there – and those models were often better anyway. That same month, halfway across the world, an entrepreneur named Liang Wenfeng quietly founded DeepSeek in China.
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Britney Nguyen