The market value of US AI companies is taking a tumble. | Image: DeepSeek
A chatbot made by Chinese artificial intelligence startup DeepSeek has rocketed to the top of Apple’s App Store charts in the US this week, dethroning OpenAI’s ChatGPT as the most downloaded free app. The eponymous AI assistant is powered by DeepSeek’s open-source models, which the company says can be trained at a fraction of the cost using far fewer chips than the world’s leading models. The claim has riled financial markets, sending Nvidia’s shares down over 12 percent in pre-market training,
DeepSeek also claims to have needed only about 2,000 specialized chips from Nvidia to train V3, compared to the 16,000 or more required to train leading models, according to the New York Times. These unverified claims are leading developers and investors to question the compute-intensive approach favored by the world’s leading AI companies. And if true, it means that DeepSeek engineers had to get creative in the face of trade restrictions meant to ensure US domination of AI.
Nvidia, Microsoft, OpenAI, and Meta are investing billions into AI data centers — $500 billion alone for the Stargate Project, of which $100 billion is thought to be earmarked for Nvidia. Investors and analysts are now wondering if that’s money well spent, with Nvidia, Microsoft, and other companies with substantial stakes in maintaining the AI status quo all trending downward in pre-market trading.
Rival social platforms are seizing on TikTok's legal and technical troubles, rolling out new incentives to lure creators and advertisers. As TikTok faces mounting uncertainty, competitors are doubling down with fresh monetization tools, expanded ad offerings, and aggressive outreach--turning disruption into an opportunity to reshape short-form video. "It will be hard for [TikTok] to shake...
One of the big questions about the upcoming iPhone SE 4 is whether the display will have a notch or Dynamic Island. Two leakers have presented clashing views on this, with the latest dummy models appearing to support the notch.
The dummy models also give us our clearest view yet of what the new entry-level iPhone may look like, with high-quality photos, and a video …
If you’ve been following the AI industry, Mistral should be a familiar name by now. The French AI startup with a $6 billion valuation is arguably the biggest AI company working on foundation models in Europe. Alan, on the other hand, isn’t as well known. The health insurance unicorn has been quietly growing to become […]
AI firm MarkeTeam AI, which uses AI agents to replicate the functions of marketing teams, has raised $3 million in seed funding, bringing its total funding to $5 million. Ocean Azul Partners led the round, with additional support from marketing veterans like Clive Sirkin (former CMO of Kellogg's and Kimberly-Clark), Dion Joannou (former CEO of...
The tech exists, and vehicles on the road already have it, yet a consortium of carmakers doesn’t want to make this lifesaving equipment standard. The reason is as old as the hills—money.
If one were to observe that I have written critically about Blue Origin over the last half-decade, they would not be wrong.
The reality is that the space company founded by Jeff Bezos has underperformed. Its chief executive for most of this time, Bob Smith, was poorly regarded by his employees. He brought the worst of "old space" tendencies to Blue Origin from Honeywell. And under Smith's leadership, Blue was litigious, slow, and unproductive.
Frankly, it was a bad look for Bezos. He was pumping something on the order of $2 billion a year into Blue Origin for what, exactly? Lawsuits against NASA? Jokes about BE-4 rocket engine delays?
Toyota is the latest automaker to confirm it will not run a TV ad during the Super Bowl 59 broadcast, joining other major automakers including BMW, General Motors, and Kia in sitting out the telecast. A Toyota spokesperson confirmed to ADWEEK that it has no plans to run a spot during the 2025 Big Game....
Chinese AI firm DeepSeek has emerged as a potential challenger to U.S. AI companies, demonstrating breakthrough models that claim to offer performance comparable to leading offerings at a fraction of the cost. The company’s mobile app, released in early January, has lately topped the App Store charts across major markets including the U.S., UK, and […]
