Plus, Google parent Alphabet's stock fell after it missed revenue expectations
Chinese AI startup DeepSeek continues to be the talk of Wall Street and Silicon Valley, with JPMorgan $JPM analysts saying U.S. firms such as Nvidia $NVDA (NVDA), Meta $META (META), and Google $GOOGL parent Alphabet stand to benefit from its demonstration of potentially cheaper AI model training and inferencing.
Meanwhile, Alphabet stock plunged this week after it missed revenue expectations for the fourth quarter.
Read about this and more in this week’s AI roundup.
OpenAI is reportedly making its largest marketing push yet on one of advertising’s most coveted nights.
DeepSeek sparked a global tech stock sell-off that cost Nvidia $NVDA $600 billion in market value. But JPMorgan $JPM (JPM) Chase says the AI chipmaker is bound to benefit from the Chinese startup.
Chinese AI startup DeepSeek has grabbed the top spot in Apple $AAPL’s (AAPL) App Store and rattled Silicon Valley AI establishment. But it has also captured the attention of lawmakers, some who are now proposing banning the app from government-owned devices.
The tech giant said on Wednesday that users of its Gemini app can now try the 2.0 Flash Thinking Experimental AI model — which ranks as the best model in the world on the community-driven Chatbot Arena.
Alphabet $GOOGL (GOOGL) missed Wall Street’s expectations for the fourth quarter despite “robust momentum across the business.”
Shares of software platform company Palantir $PLTR (PLTR) soared close to 27% during Tuesday morning trading.
Not long after ChatGPT came out, a leaked email from Google $GOOGL said what many were thinking but few dared say out loud: “We Have No Moat. And neither does OpenAI.” The May 2023 memo argued that companies would never pay for generative AI when there were open-source options out there – and those models were often better anyway. That same month, halfway across the world, an entrepreneur named Liang Wenfeng quietly founded DeepSeek in China.
