The release of DeepSeek's efficient AI model caused considerable disruption in US tech stocks, with Nvidia, Oracle, Marvell, and Supermicro experiencing substantial market cap losses. While Nvidia's stock picked up slightly, concerns arose over the necessity of high-end chips in light of cheaper alternatives from China. Nvidia highlighted its advancements in AI scaling, arguing that their GPUs are essential for inference. OpenAI's Sam Altman recognized the competition, but remains confident that OpenAI will deliver superior models as they pursue their AGI goals.
After DeepSeek's efficient AI model was released, US tech stocks like Nvidia faced losses, raising questions about the need for expensive chip technology.
Nvidia insists that significant numbers of their GPUs are still needed for AI advancements, despite competition from cheaper models emerging from China.
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