DeepSeek ‘Started a Revolution' for AI and Investors
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The artificial intelligence landscape appears to have changed. Nvidia's dominance has been disrupted by Chinese startup DeepSeek, whose surge in popularity is raising questions about the valuations of US tech giants. That this new rival to ChatGPT comes at a fraction of the latter's cost has poked holes in the justification for massive AI budgets.
'They have started a revolution,' says Stephen Yiu, chief investment officer of Blue Whale Growth Fund, who joins this week's Merryn Talks Money. Now anyone 'can start to work on some AI application.'
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- Yahoo
Nvidia, AMD to pay US 15% of China AI chip sales in unusual move
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It followed a separate report from the same outlet that the Commerce Department had begun issuing H20 licenses last week, days after Nvidia Chief Executive Officer Jensen Huang met with Trump. Huang has lobbied long and hard for the lifting of restrictions, arguing that walling China off will only slow the spread of American technology and encourage local rivals such as Huawei Technologies Co. 'It's a strategic bargaining chip' that tightens Washington's grip on a critical tech sphere during trade negotiations with China, said Hebe Chen, an analyst with Vantage Markets in Melbourne. 'Over time, this hurdle for chips entering China will likely deter Nvidia and AMD from deeper expansion in the world's largest chip-importing market, while giving local Chinese producers a clear edge to capture market share and accelerate domestic semiconductor innovation.' If Washington goes ahead with the tax, it should funnel some capital to the US — but not an enormous amount in relative terms. 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Business Insider
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3 charts show just how tough it is to get hired or promoted in tech right now
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Elon Musk's Tesla launches bid to supply electricity to British households
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