EU Court Cuts Intel Antitrust Fine to €237 Million Amid Long-Running AMD Dispute 
CVS Health Signals Strong 2026 Profit Outlook Amid Turnaround Progress 
Moore Threads Stock Slides After Risk Warning Despite 600% Surge Since IPO 
Morgan Stanley Downgrades Tesla as AI Growth Expectations Rise 
Air Transat Reaches Tentative Agreement With Pilots, Avoids Strike and Restores Normal Operations 
Holiday Economic Questions: What Bank of America Says You Should Expect 
SoftBank Eyes Switch Inc as It Pushes Deeper Into AI Data Center Expansion 
Mizuho Raises Broadcom Price Target to $450 on Surging AI Chip Demand 
Trump Signs Executive Order to Establish National AI Regulation Standard 
Microsoft Unveils Massive Global AI Investments, Prioritizing India’s Rapidly Growing Digital Market 
SK Hynix Considers U.S. ADR Listing to Boost Shareholder Value Amid Rising AI Chip Demand 
China Adds Domestic AI Chips to Government Procurement List as U.S. Considers Easing Nvidia Export Curbs 
Evercore Reaffirms Alphabet’s Search Dominance as AI Competition Intensifies 
Gulf Sovereign Funds Unite in Paramount–Skydance Bid for Warner Bros Discovery 
SpaceX Insider Share Sale Values Company Near $800 Billion Amid IPO Speculation 
Azul Airlines Wins Court Approval for $2 Billion Debt Restructuring and New Capital Raise 
Chinese startup DeepSeek is reshaping the AI industry with its advanced and cost-efficient models, challenging U.S. dominance. The Hangzhou-based firm’s AI model, DeepSeek-V3, has garnered global attention for requiring less than $6 million in Nvidia (NASDAQ:NVDA) H800 chip power for training, a fraction of typical costs.
DeepSeek’s AI Assistant, powered by DeepSeek-V3, has surpassed OpenAI’s ChatGPT to become the top-rated free app on Apple’s (NASDAQ:AAPL) U.S. App Store. Its innovative models, including the recently launched DeepSeek-R1, are on par with top offerings from OpenAI and Meta (NASDAQ:META), while being 20 to 50 times cheaper depending on the task.
Skepticism remains, with Scale AI CEO Alexandr Wang alleging that DeepSeek possesses 50,000 Nvidia H100 chips, potentially violating U.S. export restrictions. Additionally, Bernstein analysts question the accuracy of DeepSeek's claimed training costs, suggesting they may exceed the reported $5.58 million.
DeepSeek’s success is backed by Liang Wenfeng, co-founder of the hedge fund High-Flyer. The fund, which pivoted to focus on Artificial General Intelligence (AGI), has patents and operates clusters of A100 chips, further strengthening DeepSeek’s AI capabilities.
Beijing has acknowledged DeepSeek's significance in advancing China’s AI ambitions. Founder Liang attended a closed-door symposium with Premier Li Qiang on the day of DeepSeek-R1’s launch, underscoring the strategic importance of self-sufficiency in AI amidst U.S. export controls.
DeepSeek’s rapid ascent challenges global tech giants and showcases China’s potential to rival U.S. AI innovation, sparking shifts in the technology landscape.
