Wolf Money(Deepseek, seek deeper)
(Deepseek Company logo:Seek deeper)
Seek Deeper(extract from monthly portfolio update)
In the US, the correction in tech stocks, especially Nvidia was brutal. Deepseek, a Chinese AI company, started by some university students have developed a breakthrough AI model without the need for advanced semiconductors. It was reportedly mentioned some employees of the company doesn’t even have coding and programming skills. It costs only a fraction of what was spent developing ChatGPT and other AI models. The breakthrough sent a shockwave to Wallstreet. As the market reassessed how Nvidia and other AI companies will be affected by the new development. I can’t comment on how this will affect the current AI players, but one thing for sure, money will always find the most cost-effective way out. Will the demand for higher end chips be affected? Most likely. Will Deepseek hastens the adoption for AI thus increase demand for lower end chips? Most likely.
I gave Deepseek Chatbot a go. My initial impression of Deepseek, it gives a fuller answer to my questions and the R1 function(deepthink) gives a wider and in-depth view on the subject. All these services are free at the moment. One of the limitation, it is currently on a trial version with informations up to July 2024. It is an exciting time in the world of AI, but make sure one is betting on the correct “AI horse”.
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