DeepSeek's introduction of a new AI model has caused significant sell-offs in AI stock markets, particularly affecting Nvidia. Former Intel CEO Pat Gelsinger believes this reaction is misguided, and that the newfound efficiency and reduced costs associated with DeepSeek's technology will ultimately increase demand for chips rather than diminish it. He emphasizes historical trends in computing that show lower costs usually lead to greater market expansion, suggesting that investors may be misinterpreting the implications of DeepSeek's advancements.
Instead of reducing demand, making computing 'dramatically cheaper' and more efficient to use... 'will expand the market for it.'
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