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Nvidia stockholders have about $400 billion less in their pockets today thanks to the open source efforts of a Chinese AI startup company called DeepSeek. And OpenAI, as well as the other commercial AI model providers, might have to rethink their business models.
And the $500 billion in data centers the U.S. needs to keep its competitive edge for AI? Might not be necessary after all.
Kicking off the hysteria last weekend was the release of DeepSeek’s R1 reasoning model, which showed comparable results to OpenAI’s latest release O1, but at…
