Latest news with #DeepSeek
Miami Herald
4 hours ago
- Business
- Miami Herald
Gemini, ChatGPT rival dealt big blow in key market
Imagine if today's Artificial Intelligence (AI) tools existed back when we were in school. Some of us would've saved so much money trying to bribe the smart kid in the classroom from letting us copy their homework. Nonetheless, many of us graduated without relying on an AI chatbot for answers, and we have critical thinking to thank for that. Don't miss the move: Subscribe to TheStreet's free daily newsletter AI has become almost like humans' second and more developed brain by making daily tasks easier through advanced problem-solving, research, and decision-making capabilities. Related: ChatGPT suffers crucial outage, slowly comes back online This invention has allowed people to complete tasks faster and more efficiently than ever. Although it has been a blessing, this tool has a dangerous side that many conveniently ignore. In January, a new AI chatbot emerged, ready to take over major rivals to become humans' new right-hand man. DeepSeek is a Chinese AI startup created more cost-effectively than rivals ChatGPT and Gemini, yet offering better performance and accessibility. However, a recent revelation has created huge privacy concerns. Related: Google brings Iron Man/Tony Stark tech to regular people U.S. officials revealed that DeepSeek is helping Chinese military and intelligence operations, allegedly by providing U.S. users' information and statistics to the country's government, as first reported by Reuters in June. The officials also claim that DeepSeek may have heavily used U.S. technology and employed workarounds to access its AI chips. Since 2022, the U.S. has imposed export restrictions on the chips over concerns that China might use them to advance its military capabilities or gain an edge in the AI race. Now, another country has expressed similar concerns, seeking drastic actions to move DeepSeek out of its citizens' reach. Germany has reported DeepSeek as illegal content to Apple (AAPL) and Google (GOOGL) , aiming to eliminate it from the companies' app stores due to concerns about data privacy, said Data Protection Commissioner Meike Kamp. And Germany may have grounds for its request, since DeepSeek has yet to prove that user data is protected in China at a level equivalent to European Union (EU) standards. More Tech News: Major grocery chain using self-driving robots for deliveriesForget drones, Amazon has new robots that could replace humansEV company makes harsh decision amid new launch The EU's General Data Protection Regulation law prevents companies from sharing data outside the EU, unless the respective foreign country's standards meet the EU's requirements. If the proceedings go as planned, Apple and Google will review the claims and decide whether to ban the DeepSeek app from their app stores. Google is Germany's most commonly used search engine, while ChatGPT is the most widely used large language model. However, DeepSeek is much newer and has quickly gained popularity among AI users. Related: Veteran fund manager unveils eye-popping S&P 500 forecast The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
Yahoo
4 hours ago
- Business
- Yahoo
Can Investing $10,000 in Nvidia Stock Make You a Millionaire?
Nvidia is still reporting stellar results despite fears about its business and competition. The company sees huge opportunities going forward as AI becomes central in many parts of life. It's releasing new and more powerful technology to keep up with demand. 10 stocks we like better than Nvidia › Nvidia (NASDAQ: NVDA) stock has lost some of its momentum this year after gaining 1,400% over the past five years. It's lost some investor confidence for a number of reasons, including fears that new artificial intelligence (AI) models won't need its powerful chips and regulations that limit what the company can ship to China. But many investors still see its incredible long-term opportunities, and 90% of the 67 Wall Street analysts that cover it still call it a buy. Let's see where Nvidia is holding, where it's going, and whether or not investing in Nvidia stock today can make you a millionaire. For all the talk about how much more Nvidia can grow, it delivered a blowout report for the fiscal 2026 first quarter (ended April 27). Revenue increased 69% year over year, and non-GAAP (adjusted) earnings per share were up from $0.61 last year to $0.81 this year. That included a charge it had to take for not being able to fulfill orders to China, resulting in a $0.15 loss per share. Nvidia is a profit machine with a 52% net profit margin. Nvidia is easily the leader in its field, with as much as 95% of the total AI chip market, depending on who you ask. It has deals with pretty much all the major players in AI, who rely on its powerful graphics processing units (GPU) to make the generative AI magic happen. The companies who are out there offering AI platforms, like Amazon and Meta Platforms, need huge data centers to create the power necessary to drive the technology, and they need Nvidia as a partner. Data centers are Nvidia's highest-growth business right now, increasing 73% year over year in the first quarter. Amazon, for one, is creating its own chips to offer budget options for some of its clients. However, it will maintain its relationship with Nvidia because it needs Nvidia's highest-quality products for its own largest clients. The market was concerned when Chinese LLM DeepSeek came out a few months ago, and it seemed to offer excellent results without needing the power of chips like Nvidia's. Even at the time, Nvidia CEO Jensen Huang welcomed the news and said advances in AI were good for the whole industry, including Nvidia, and that he wasn't worried. Those concerns have since died down as Nvidia continues to roll out industry-leading products and stellar results. The company recently replaced its previous AI generation, called Hopper, with its improved technology under the Blackwell name. It's releasing the next iteration of that, called Blackwell Ultra, and it has the next generation of even more powerful chips, called Rubin, in the works for release next year. Huang said that the need for inference, which is how generative AI takes its data collection and turns it into results, has surged over the past year and that agentic AI will generate higher demand for AI computing. He added, "Countries around the world are recognizing AI as essential infrastructure -- just like electricity and the internet -- and Nvidia stands at the center of this profound transformation." The AI opportunity is simply enormous, and Nvidia is poised to maintain its dominant position and keep delivering shareholder wealth. There are reasons to envision Nvidia continuing to grow at a fast pace and for its stock to reflect that. However, as fast as it is growing, Nvidia isn't going to be able to replicate its earlier stock gains. The company is just too big. It's already expecting its growth rates to decelerate, even though it's also expecting the business to keep growing. It's just harder to report high double-digit growth on an increasingly large base. That's partially why, from an earnings perspective, Nvidia stock is looking very reasonably priced. It trades at a forward, one-year P/E ratio of only 25. Investing $10,000 today could be a great idea, but it isn't likely to make you a millionaire on its own. Turning $10,000 into $1 million implies a 10,000% increase, and Nvidia stock isn't likely to achieve that feat at this stage, even over the long term. However, the company still has incredible opportunities and should reward investors well in the coming years. If you're looking for a strong candidate for an AI stock to add to your portfolio and don't own Nvidia stock yet, it could be a valuable part of a millionaire-maker portfolio. Before you buy stock in Nvidia, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Nvidia wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $689,813!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $906,556!* Now, it's worth noting Stock Advisor's total average return is 809% — a market-crushing outperformance compared to 175% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 23, 2025 John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool's board of directors. Jennifer Saibil has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Amazon, Meta Platforms, and Nvidia. The Motley Fool has a disclosure policy. Can Investing $10,000 in Nvidia Stock Make You a Millionaire? was originally published by The Motley Fool
Yahoo
5 hours ago
- Business
- Yahoo
Shouldn't NVIDIA Corporation (NVDA) CEO Sell $800 Million In Shares, Wonders Jim Cramer
NVIDIA Corporation (NASDAQ:NVDA) is one of the . NVIDIA Corporation (NASDAQ:NVDA)'s shares have regained their previous highs in June by taking five months to reclaim the setback from January's DeepSeek selloff. The shares are now up by 11.6% year-to-date after gaining 14% in June. Much of the bullishness surrounding NVIDIA Corporation (NASDAQ:NVDA) is due to an absence of negative catalysts on the horizon. Additionally, Loop Capital's estimate of a potential $6 trillion valuation because of GPUs increasing their presence in the global computing industry. Cramer's previous comments about NVIDIA Corporation (NASDAQ:NVDA) have asserted that the story is still intact despite the mostly bearish sentiment about the shares in 2025. His latest comments were appreciative of the June share price movements and NVIDIA Corporation (NASDAQ:NVDA) CEO Jensen Huang's plan to sell more than $800 million of shares. Huang has sold roughly $21 million of shares so far and here's what Cramer said: 'But in the meantime NVIDIA finally threw the 145. If it can do that, that's that area. A close-up of a colorful high-end graphics card being plugged in to a gaming computer. Recently, Cramer commented on Huang and his hopes surrounding US-China trade tensions: '[On Huang wanting China to have access to NVIDIA chips] Yeah he does, because he doesn't have, he just wants to give them the Biden. The Biden chip. The H20.' While we acknowledge the potential of NVDA as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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Business Standard
5 hours ago
- Business
- Business Standard
Germany orders Apple, Google to remove Deepseek app over data concerns
Karin Matussek Apple Inc. and Google's Android have been warned by a top German privacy regulator that the Chinese AI service DeepSeek, available on their app stores, constitutes illegal content because it exposes users' data to Chinese authorities. The formal notification comes after DeepSeek ignored a May request to either pull its app from app stores in Germany or put in place safeguards when collecting local users' data and transmitting it to China, Berlin data protection commissioner Meike Kamp said in a statement on Friday. 'Chinese authorities have far-reaching rights to access personal data,' Kamp said. 'DeepSeek users don't have enforceable rights and effective legal remedies available to them in China, like they're guaranteed in the European Union.' Hangzhou-based DeepSeek shocked the global tech industry in January with its R1 large language model, which the Chinese startup claimed could rival much larger US systems at a fraction of the cost. After the Chinese app ignored requests to comply, the Berlin agency invoked a provision of the EU's Digital Services Act, which puts the onus on tech platforms like Apple and Google to take down illegal content on their platforms. They both must now swiftly review the notice and decide on how to comply, according to Kamp. While the regulator could have also fined DeepSeek, Kamp decided against it, because she wouldn't be able to enforce the penalty in China. 'We received the notice, and are reviewing it,' a Google spokesman said in an emailed statement. Apple declined to comment. DeepSeek didn't immediately reply to emails seeking comments. The German move follows a similar step by Italy's privacy regulator in January. In the US, authorities have concluded that DeepSeek gave support to the Chinese military and intelligence efforts and is expected to keep doing so, according to an American official. Lawmakers in Washington are preparing bipartisan legislation that would ban federal government agencies from using DeepSeek and other AI tools from foreign adversaries.q
International Business Times
5 hours ago
- Business
- International Business Times
German Watchdog Challenges DeepSeek App Presence in App Stores, Urges Apple, Google to Take Action
The Chinese artificial intelligence model DeepSeek, which shook the entire AI sector by its launch, has found itself in trouble in one of the European countries. A German privacy regulator has issued a formal notice of compelled action to tech giants Apple and Google over the availability of the Chinese artificial intelligence app on their app stores. The move reflects increasing anxiety in Europe about what Chinese tech services do with the personal data of people who use them, particularly when users have no idea how their information can be cross-referenced or pointed abroad. "The AI app breaks data protection laws and will not be available in Berlin," Berlin Commissioner for Data Protection Meike Kamp said on Friday. Her office stated that DeepSeek did not reply to its earlier requests to take its app off the German market or ensure that the data of European users is safe. The main point of concern remains the potential for personal information collected from German users to be accessed by Chinese authorities, where these users do not have the same privacy rights as those guaranteed under EU law. "Chinese authorities have very extensive access to personal data," Kamp explained. "EU citizens using DeepSeek also lack enforceable rights or protection in China." In January, DeepSeek, a startup in Hangzhou, grabbed global attention with its R1 large language model. The company said its A.I. platform was equivalent to the best technology from OpenAI and Google except that it ran on less powerful chips (Nvidia H800s) and cost less to develop, under $6 million. Its promise of low cost and high efficiency has been hailed as game-changing in the AI world. But now the app's ascent is getting regulatory pushback in Europe. The German regulator is invoking the EU's Digital Services Act (DSA) because DeepSeek has disregarded numerous requests for compliance. The law forces technology platforms, such as Apple's App Store and Google Play, to ensure illegal material, including apps posing data risks, is removed or restricted. Apple and Google are now facing calls to reconsider the notification and intervene. Though Kamp said she could have issued a fine to DeepSeek, enforcement was an international challenge. And so the buck passes to the platforms that host the app. It's not the first time that European regulators have taken aim at Chinese AI apps. Italy's privacy authority expressed similar concerns this year over the way Chinese services may treat sensitive information of European users. Technology and international data governance are intersecting as geopolitical tensions rise and AI tools take over; they are also turning into flashpoints. Also, European nations are strengthening privacy rules that would protect their citizens from foreign surveillance or from having their data mishandled.
