American co that lost more than $500 bn to DeepSeek has these words for it
DeepSeek, a Chinese company, demonstrated its capability to train AI systems with a fraction of Nvidia’s chips, causing Nvidia’s shares to plummet by over 17%. Despite the setback, Nvidia praised DeepSeek’s R1 model as a significant AI advancement, emphasizing the compliance with export controls and potential demand for its GPUs.
DeepSeek, a Chinese company, demonstrated its capability to train AI systems with a fraction of Nvidia’s chips, causing Nvidia’s shares to plummet by over 17%. Despite the setback, Nvidia praised DeepSeek’s R1 model as a significant AI advancement, emphasizing the compliance with export controls and potential demand for its GPUs.
