Nvidia calls DeepSeek 'an excellent AI advancement' after shedding $600 billion in value
Nvidia said DeepSeek and its large language models (LLMs) are an «excellent advancement» in artificial intelligence (AI) space, even as the rise of the China startup wiped nearly $600 billion in market capitalisation for the company.
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“DeepSeek is an excellent AI advancement and a perfect example of Test Time Scaling,” an Nvidia spokesperson told CNBC on Monday. “DeepSeek’s work illustrates how new models can be created using that technique, leveraging widely-available models and compute that is fully export control compliant.”
The overnight rise of DeepSeek's chatbot has hit AI-linked stocks and wiped out close to a trillion dollars in market capitalisation of such companies. US President Donald Trump said DeepSeek’s rise is a “positive”, adding that it was a “wake-up call” for the US.
“Inference requires significant numbers of NVIDIA GPUs and high-performance networking. We now have three scaling laws: pre-training and post-training, which continue, and new test-time scaling," the spokesperson said.
Nvidia, which rode the AI wave to become its eventual flagbearer on Wall Street, slumped by as much as 17%. This dragged the tech-heavy Nasdaq Composite, which plunged 3.1%.
Artificial Intelligence(AI)
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