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Why DeepSeek is hitting tech stocks hard, including Nvidias
The markets are red, and DeepSeek might be to blame.
It's free to use as a web or smartphone app, and it's available as open-source, meaning you can use it locally and fine-tune it as you wish, without worrying about the privacy implications or Chinese censorship. Speaking at the World Economic Forum in Davos, Switzerland, on Wednesday, Microsoft's Satya Nadella said that DeepSeek should be taken "very seriously." DeepSeek, an offshoot of Chinese AI-specialized hedge fund High-Flyer Quant, could actually be running more GPUs and train its models on a higher cost than is publicly known.
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