Has DeepSeek blazed a new trail in artificial intelligence (AI) model training? Are the start-up’s models superior to those developed by OpenAI or Meta Platforms? And has the Chinese company rewritten the scaling law and proved that Nvidia’s AI chips are unimportant in training AI models? The answer to these questions is “no”, according to…
As earnings season continues for most of the Big Tech landscape, Wall Street investors have become increasingly focused on tech giant’s and hyperscaler’s capital expenditure (CapEx) spending on AI. To talk more about how AI CapEx guidance is weighing on Big Tech and semiconductor manufacturers like Nvidia (NVDA), Spear Invest Founder and CIO Ivana Delevska…
Nvidia (NVDA) investors are navigating through an un-Nvidia-like start to the year. Shares of the AI chip darling are off by 3.3% this year, lagging all three major US indices, which have notched gains. The stock has underperformed the S&P 500 (^GSPC) by 9% in the past month. Ahead of Nvidia’s results expected on Feb….
Chinese artificial intelligence (AI) start-up DeepSeek has continued to send ripples through the industry globally, while many questions remain surrounding the firm’s high-performance models developed at a fraction of the cost of their peers in the US. In a China Future Tech webinar on Monday hosted by SCMP Plus, South China Morning Post technology editor…
Nvidia CEO Jensen Huang during an event in Taipei, Taiwan on June 2, 2024. – Photo: Annabelle Chih/Bloomberg (Getty Images) DeepSeek sparked a global tech stock sell-off that cost Nvidia $600 billion in market value. But JPMorgan (JPM) Chase says the AI chipmaker is bound to benefit from the Chinese startup. The Hangzhou-based artificial intelligence…
US stocks (^GSPC, ^IXIC, ^DJI) closed higher as Nvidia (NVDA) shares rose over 5%. This is driven by continued artificial intelligence (AI) investments from Big Tech despite initial concerns about reduced capital expenditures (CapEx) spending. Yahoo Finance senior reporter Josh Schafer joins Asking for a Trend host Josh Lipton to note that major companies like…
US stocks recovered from losses on Wednesday to close higher on the day. Earnings from Alphabet (GOOG, GOOGL) and AMD (AMD) fell short, but Big Tech got a boost from a jump in Nvidia (NVDA) shares. The tech-heavy Nasdaq Composite (^IXIC) rose 0.2%, while the benchmark S&P 500 (^GSPC) added 0.4%. The Dow Jones Industrial…
Last week, the emergence of a new AI model from China’s DeepSeek sparked investor concern that the AI spending boom may cool off as companies find cheaper ways to fulfill their AI goals. This spawned a massive sell-off in Nvidia’s (NVDA) stock, with the prevailing thought being that companies may not allocate as much spend…
A newly discovered malware campaign is stealing cryptocurrency from iOS by exploiting vulnerabilities in apps available on the App Store. Kaspersky researchers have discovered a malicious software development kit (SDK) called SparkCat hidden inside multiple apps on both iOS and Android. SparkCat is designed to steal cryptocurrency wallet recovery phrases using optical character recognition (OCR),…
DeepSeek may prove to be China’s most important technological contribution to the world in almost two centuries, according to a leading scientist. Rao Yi, the president of Capital Medical University in Beijing, argued in a post on social media: “DeepSeek is the biggest shock to human society to come out of China in terms of…