$SPX The last three times where the SPX gapped down hard. Two of which was THE bottom. And one of which led to slightly further downside before THE bottom. But all of which eventually were made whole. Is this time any different?
Nvidia $NVDA just released a statement regarding DeepSeek: "DeepSeek is an excellent AI advancement and a perfect example of Test Time Scaling. 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. 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."
BREAKING: Nvidia spokesperson gives first statement on DeepSeek. "DeepSeek’s work shows how new models can be created, leveraging widely-available models and compute that is fully export control compliant." What does this mean? Nvidia seems to be saying that DeepSeek is advancing AI by using widely available technology while adhering to legal and regulatory standards. DeepSeek is changing the AI game using existing, or maybe even slightly outdated, technology
BREAKING: This is not a memecoin. This is Nvidia, $NVDA, the most valuable company in the world before today. It is down 17.5% It lost $560 billion in market cap today so far, the largest in market history
DEEPSEEK DEBUTS OPEN-SOURCE AI MODEL JANUS-PRO-7B Chinese AI firm DeepSeek unveiled on Monday its open-source AI model, Janus-Pro-7B, which allegedly surpasses both Stable Diffusion and OpenAI's DALL-E 3 in terms of image creation capabilities. "Janus-Pro is a novel autoregressive framework that unifies multimodal understanding and generation. It addresses the limitations of previous approaches by decoupling visual encoding into separate pathways, while still utilizing a single, unified transformer architecture for processing," the company said on Monday. "Janus-Pro surpasses previous unified model and matches or exceeds the performance of task-specific models."
U.S. TECH GIANTS MIGHT BE LOSING DOMINANCE PREMIUM The stock rout triggered by Chinese artificial-intelligence company DeepSeek indicates that U.S. tech giants might be losing their dominance premium, Kathleen Brooks, research director at XTB, writes in a note to clients. "If China is catching up quickly to the U.S. in the AI race, then the economics of AI will be turned on its head," she says. DeepSeek trained new models on a significantly lower budget than Western rivals. Brooks says the focus is now on whether China can do it better, quicker and more cost effectively than the U.S. and if Beijing could win the AI race
$META is rolling out a feature that lets Meta AI remember certain details that you share with it in 1:1 chats which may help it personalize future responses Meta said its rolling out the new feature to Meta AI on Facebook, Messenger and WhatsApp for iOS and Android in the US 🇺🇸 and Canada 🇨🇦 (Meta said the AI "will only remember certain things you tell it in 1:1 conversations (not group chats), and you can delete its memories at any time")
$NVDA IS NOW AT IT’S LOWEST LEVEL IN 5 MONTHS DOWN 15% BELOW A $3T MARKET CAP Nvidia has not had a down 15% day in over a year. My goodness this feels so overblown but the market is not taking deepseek fears lightly