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Elon Musk has expressed skepticism about DeepSeek AI, a Chinese competitor to OpenAI, dismissing its claims and innovations on social media. Despite DeepSeek's rapid rise and significant investment advantages, Musk questions its transparency regarding hardware capabilities and mocks its origins, indicating a rivalry between US and Chinese AI firms.
China's AI startup DeepSeek has disrupted the tech market with its chatbot, claiming capabilities rivaling those of Google and OpenAI at a fraction of the cost. Despite its rapid rise and significant market impact, Elon Musk remains skeptical, questioning the authenticity of DeepSeek's GPU claims and dismissing its achievements as overstated. The situation has sparked debates about the future of US tech dominance and investment strategies in AI.
Elon Musk remains skeptical about China's AI startup DeepSeek, which has reportedly caused significant losses in the US stock market. He suggests that DeepSeek may have access to around 50,000 NVIDIA H100 GPUs, contrary to its claim of 10,000, due to US export controls. Musk humorously dismissed the startup's achievements and linked it to concerns over its origins, echoing sentiments about the broader US-China AI competition.
China's DeepSeek has disrupted the AI landscape by surpassing OpenAI's ChatGPT as the most-downloaded free app on Apple's App Store, causing significant market reactions, including a 16% drop in Nvidia's stock. The startup's R1 model, built with just 2,000 Nvidia chips, challenges the notion that AI success relies solely on expensive hardware. As U.S. tech giants scramble to respond, the implications of DeepSeek's rise raise questions about the future of AI innovation and competition.
Elon Musk has raised doubts about DeepSeek AI's claims regarding its microchip usage, suggesting skepticism over the company's assertion that it trained its V3 model with only 2,000 specialized NVIDIA chips, compared to the 16,000 needed for leading models. DeepSeek AI has gained significant traction, surpassing ChatGPT as the top free app on the Apple App Store, which could shift the AI landscape and bolster China's position in the industry. Musk's comments on social media reflect broader concerns about the computing power required for AI advancements and the implications for global competition.
DeepSeek, a Chinese AI startup, has unveiled its V3 and R1 large language models, causing a 3% drop in NASDAQ futures as investors react to its cost-effective approach that challenges Big Tech's hefty investments. While DeepSeek's models are impressive, they still fall short of the leading-edge technology from major players like Meta, which has increased its 2025 capital expenditure forecast to $60–65 billion. Analysts advise investors to remain calm, noting that historical trends show tech valuations often rebound strongly after resets, presenting potential buying opportunities amidst current market volatility.
President Trump announced a $500 billion AI project called Stargate, involving OpenAI, Oracle, and Softbank, with an initial commitment of $100 billion. Elon Musk questioned the financial backing of the involved companies, while Microsoft CEO Satya Nadella affirmed his commitment to invest $80 billion in AI infrastructure this year, emphasizing the ongoing partnership with OpenAI despite recent tensions.
Barclays has reaffirmed an Overweight rating for ServiceNow, setting a price target of $1,200, following the company's announcement to acquire AI-driven conversation data analysis firm Cuein. This strategic acquisition, expected to close in Q1 2025, aims to enhance ServiceNow's AI capabilities and workflow integration. With a strong financial performance and a 23.48% revenue growth over the past year, ServiceNow continues to attract positive attention from analysts, reflecting confidence in its growth trajectory.
Bond yields fell slightly, boosting stock market optimism ahead of a consumer inflation report. Bank of America named Salesforce a top pick for 2025, while Nvidia rebounded after export restrictions were announced. KB Home exceeded expectations with a 17% rise in home deliveries, and Wells Fargo raised Amazon's price target ahead of its earnings report.
Sam Altman, CEO of OpenAI, asserts the company has the knowledge to build artificial general intelligence (AGI) and anticipates AI agents entering the workforce by 2025. Despite skepticism from experts regarding the feasibility of achieving AGI soon, Altman emphasizes the importance of iterative development and user feedback to enhance safety and functionality. He also highlights OpenAI's shift towards a product-oriented approach, aiming for superintelligence to augment human capabilities and address complex challenges.
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Elon Musk questions DeepSeek AI's credibility amid rising competition
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