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DeepSeek Has Spent Over $500 Million on Nvidia Chips Despite Low-Cost AI Claims, SemiAnalysis Says
Nvidia shares plunged 17% on Monday, wiping nearly $600 billion from its market value, after Chinese AI firm DeepSeek's breakthrough, but analysts are questioning the cost narrative. DeepSeek said to have trained its December V3 model for $5.6 million, but chip consultancy SemiAnalysis suggested thi...
Nvidia shares plunged 17% on Monday, wiping nearly $600 billion from its market value, after Chinese AI firm DeepSeek's breakthrough, but analysts are questioning the cost narrative. "The steep sell-off led to the Philadelphia Semiconductor index's worst daily drop since March 2020 at 9.2%, generating $6.75 billion in profits for short sellers, according to data group S3 Partners. DeepSeek's engineers also demonstrated they could write code without relying on Nvidia's Cuda software platform, which is widely seen as crucial to the Silicon Valley chipmaker's dominance of AI development.
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