Latest news with #Wenfeng
Yahoo
24-02-2025
- Business
- Yahoo
DeepSeek: Everything you need to know about the AI chatbot app
DeepSeek has gone viral. Chinese AI lab DeepSeek broke into the mainstream consciousness this week after its chatbot app rose to the top of the Apple App Store charts (and Google Play, as well). DeepSeek's AI models, which were trained using compute-efficient techniques, have led Wall Street analysts — and technologists — to question whether the U.S. can maintain its lead in the AI race and whether the demand for AI chips will sustain. But where did DeepSeek come from, and how did it rise to international fame so quickly? DeepSeek is backed by High-Flyer Capital Management, a Chinese quantitative hedge fund that uses AI to inform its trading decisions. AI enthusiast Liang Wenfeng co-founded High-Flyer in 2015. Wenfeng, who reportedly began dabbling in trading while a student at Zhejiang University, launched High-Flyer Capital Management as a hedge fund in 2019 focused on developing and deploying AI algorithms. In 2023, High-Flyer started DeepSeek as a lab dedicated to researching AI tools separate from its financial business. With High-Flyer as one of its investors, the lab spun off into its own company, also called DeepSeek. From day one, DeepSeek built its own data center clusters for model training. But like other AI companies in China, DeepSeek has been affected by U.S. export bans on hardware. To train one of its more recent models, the company was forced to use Nvidia H800 chips, a less-powerful version of a chip, the H100, available to U.S. companies. DeepSeek's technical team is said to skew young. The company reportedly aggressively recruits doctorate AI researchers from top Chinese universities. DeepSeek also hires people without any computer science background to help its tech better understand a wide range of subjects, per The New York Times. DeepSeek unveiled its first set of models — DeepSeek Coder, DeepSeek LLM, and DeepSeek Chat — in November 2023. But it wasn't until last spring, when the startup released its next-gen DeepSeek-V2 family of models, that the AI industry started to take notice. DeepSeek-V2, a general-purpose text- and image-analyzing system, performed well in various AI benchmarks — and was far cheaper to run than comparable models at the time. It forced DeepSeek's domestic competition, including ByteDance and Alibaba, to cut the usage prices for some of their models, and make others completely free. DeepSeek-V3, launched in December 2024, only added to DeepSeek's notoriety. According to DeepSeek's internal benchmark testing, DeepSeek V3 outperforms both downloadable, openly available models like Meta's Llama and 'closed' models that can only be accessed through an API, like OpenAI's GPT-4o. Equally impressive is DeepSeek's R1 "reasoning" model. Released in January, DeepSeek claims R1 performs as well as OpenAI's o1 model on key benchmarks. Being a reasoning model, R1 effectively fact-checks itself, which helps it to avoid some of the pitfalls that normally trip up models. Reasoning models take a little longer — usually seconds to minutes longer — to arrive at solutions compared to a typical non-reasoning model. The upside is that they tend to be more reliable in domains such as physics, science, and math. There is a downside to R1, DeepSeek V3, and DeepSeek's other models, however. Being Chinese-developed AI, they're subject to benchmarking by China's internet regulator to ensure that its responses "embody core socialist values." In DeepSeek's chatbot app, for example, R1 won't answer questions about Tiananmen Square or Taiwan's autonomy. If DeepSeek has a business model, it's not clear what that model is, exactly. The company prices its products and services well below market value — and gives others away for free. The way DeepSeek tells it, efficiency breakthroughs have enabled it to maintain extreme cost competitiveness. Some experts dispute the figures the company has supplied, however. Whatever the case may be, developers have taken to DeepSeek's models, which aren't open source as the phrase is commonly understood but are available under permissive licenses that allow for commercial use. According to Clem Delangue, the CEO of Hugging Face, one of the platforms hosting DeepSeek's models, developers on Hugging Face have created over 500 'derivative' models of R1 that have racked up 2.5 million downloads combined. DeepSeek's success against larger and more established rivals has been described as "upending AI" and "over-hyped." The company's success was at least in part responsible for causing Nvidia's stock price to drop by 18% on Monday, and for eliciting a public response from OpenAI CEO Sam Altman. Microsoft announced that DeepSeek is available on its Azure AI Foundry service, Microsoft's platform that brings together AI services for enterprises under a single banner. When asked about DeepSeek's impact on Meta's AI spending during its first-quarter earnings call, CEO Mark Zuckerberg said spending on AI infrastructure will continue to be a 'strategic advantage' for Meta. At the same time, some companies are banning DeepSeek, and so are entire countries and governments, including South Korea. New York state also banned DeepSeek from being used on government devices. As for what DeepSeek's future might hold, it's not clear. Improved models are a given. But the U.S. government appears to be growing wary of what it perceives as harmful foreign influence. TechCrunch has an AI-focused newsletter! Sign up here to get it in your inbox every Wednesday. This story was originally published January 28, 2025, and will be updated continuously with more information.
Yahoo
28-01-2025
- Business
- Yahoo
How DeepSeek is upending AI and the tech industry
An artificial intelligence chatbot from Chinese tech startup DeepSeek has upended assumptions that U.S. tech giants hold a firm grip on AI development, leading to rattled investors and renewed security concerns. DeepSeek's bot assistant became the No. 1 downloaded free app on Apple's iPhone store on Monday, outpacing OpenAI's ChatGPT. AI-related companies like Nvidia, Microsoft and Oracle saw sharp declines as DeepSeek's rally erased nearly $1.2 trillion in market capitalization value from global stock names, according to Bloomberg data. The fallout underscored how central AI has become to the U.S. economy beyond the tech sector. Nuclear power, crypto and infrastructure stocks were also impacted by DeepSeek's rally. And it raised questions about the billions of dollars tech companies say they'll use for future development, given that a Chinese startup has caught up with them at a much lower cost. DeepSeek was founded in 2023 by Liang Wenfeng, an entrepreneur who also established the Chinese stock trading firm High-Flyer. DeepSeek attracted attention when it said its AI model released last month could compete with similar ones, like OpenAI's ChatGPT, at a fraction of the cost. Its first free chatbot app was released this month, and became widely accessible on Apple and Google app stores. In a research paper, DeepSeek said it used significantly fewer computer chips to build the technology than leading AI companies used for theirs. Before launching the chatbot, Wenfeng had acquired a substantial stockpile of chips sold by Nvidia that have since been banned from being exported to China, according to MIT Technology Review. 'Recognizing the potential of this stockpile for AI training is what led Liang to establish DeepSeek, which was able to use them in combination with the lower-power chips to develop its models," according to the publication. Shares of Nvidia plunged 17% after DeepSeek showed it could do more with fewer chips, The New York Times reported. "Nvidia is having a really bad day," Gary Marcus, an entrepreneur and AI critic, posted on X. 'OpenAI's day is worse. Their business model (charging big bucks for LLMs) basically just blew up, DeepSeek is running circles around them.' DeepSeek's breakthrough challenges the tech industry's "bigger is better" narrative, The Times reported. It was thought that leaders in the AI race needed to spend large amounts of money to develop the infrastructure needed to expand their products. Microsoft, Meta and Google have spent tens of billions of dollars and plan to spend billions more, The Times reported. And last week, the Trump administration touted "Stargate," a $500 billion AI infrastructure project with OpenAI, Softbank and Oracle to build data centers in the U.S. they say are needed for AI development. Approximately $1 trillion is set to be spent globally on AI development in the coming years, according to estimates by Goldman Sachs. But DeepSeek developed its AI model for $6 million, according to Wedbush Securities analyst Dan Ives. DeepSeek was also able to create a more open-source product that could potentially accelerate wider adoption. Open source technology offers components that are free for anyone to access and modify. Developers of AI-powered applications "have rushed to test DeepSeek after seeing its performance in publicly available evaluations," The Information, a tech-focused business publication, reported. This success could prompt investors to put their money into smaller AI startups, The Times reported, and create more competition for Big Tech titans. Scale AI CEO Alexander Wang said the U.S. is now in an "AI war" with China. 'What we've found is that DeepSeek ... is the top performing, or roughly on par with the best American models,' he said, according to CNBC. The pace at which U.S. consumers have embraced DeepSeek is raising national security concerns similar to those surrounding TikTok, the social media platform that faces a ban unless it is sold to a non-Chinese company. The U.S. Supreme Court this month upheld a federal law that requires TikTok's sale. The Court sided with the U.S. government's argument that the app can collect and track data on its 170 million American users. President Donald Trump has paused enforcement of the ban until April to try to negotiate a deal. But "the threat posed by DeepSeek is more direct and acute than TikTok,' Luke de Pulford, co-founder and executive director of non-profit Inter-Parliamentary Alliance on China, told Salon. DeepSeek is a fully Chinese company and is subject to Communist Party control, unlike TikTok which positions itself as independent from parent company ByteDance, he said. 'DeepSeek logs your keystrokes, device data, location and so much other information and stores it all in China,' de Pulford said. 'So you'll never know if the Chinese state has been crunching your data to gain strategic advantage, and DeepSeek would be breaking the law if they told you.'
Yahoo
28-01-2025
- Business
- Yahoo
Bernstein Reaffirms Outperform Rating for Broadcom Inc. (AVGO), Downplays DeepSeek's Impact on AI Semiconductor Leaders
We recently compiled a list of the . In this article, we are going to take a look at where Broadcom Inc. (NASDAQ:AVGO) stands against the other AI stocks. The artificial intelligence community is raving over a new reasoning model that has surprised even Silicon Valley. Developed by Chinese start-up DeepSeek, the r1 claims to match and even exceed OpenAI's o1 by multiple benchmarks, and that too, at a fraction of the cost. A Chinese hedge-fund manager, Liang Wenfeng, has led the development of r1. Wenfeng has become the leading figure in the country's AI initiative. 'Deepseek R1 is one of the most amazing and impressive breakthroughs I've ever seen'. While some specialists are saying that DeepSeek's technology is a bit behind OpenAI and Google, it is still an achievement considering it has used fewer and less advanced chips. The country has also had to deal with US restrictions along the way, implying how DeepSeek either found a way around the rules or the controls weren't stringent enough in the first place. READ NOW: 10 AI Stocks Making Waves on Wall Street and Also developed by DeepSeek is its AI assistant, an artificial intelligence application that was released on January 10. The AI assistant is powered by the DeepSeek-V3 model and boasts over 600 billion parameters. It is designed to assist users by offering them seamless interactions, answering user questions, and enhancing daily tasks. In the latest news, Reuters reports how the Chinese startup DeepSeek's AI Assistant has overtaken rival ChatGPT to become the top-rated free application available on Apple's App Store in the United States. According to its creators, the AI assistant "tops the leaderboard among open-source models and rivals the most advanced closed-source models globally'. Both the r1 and AI assistant by DeepSeek are proof that China is getting closer to the US in the race toward supremacy in AI. While several Chinese tech companies have released tech companies over the past, DeepSeek has been particularly praised by the US tech industry for its innovation and achievements. At the same time, there is skepticism regarding how these cheaper alternatives may question the pricing power of US tech giants and if their spending needs need to be re-evaluated. 'While it remains to be seen if DeepSeek will prove to be a viable, cheaper alternative in the long term, initial worries are centered on whether US tech giants' pricing power is being threatened and if their massive AI spending needs re-evaluation'. For this article, we selected AI stocks by going through news articles, stock analysis, and press releases. These stocks are also popular among hedge funds. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (). A technician working at a magnified microscope, developing a new integrated Inc. (NASDAQ:AVGO) is a technology company uniquely positioned in the AI revolution owing to its custom chip offerings and networking assets. On January 27, Bernstein kept an 'Outperform' rating with a $220 price target on the stock. Regardless of DeepSeek intimidating Silicon Valley, the firm 'continues to like' names such as Broadcom and Nvidia within U.S. Semiconductors. According to the firm, DeepSeek's entry isn't going to be a 'doomsday' situation for AI buildouts playing out in the Twitterverse. The $5 billion figure that is being quoted was needed to develop DeepSeek's AI assistant doesn't reflect everything. The firm contended that the figure does not include all the other costs associated with previous research and experiments on architectures, algorithms, or data. Even if DeepSeek managed to cut these costs, as much as by 10 times, the current model cost trajectories' increasing by about that much every year anyway 'can't continue forever'. As such, innovations like DeepSeek's are positive if AI is to continue progressing. Overall AVGO ranks 3rd on our list of the top AI stocks that are dominating Wall Street. While we acknowledge the potential of AVGO as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than AVGO but that trades at less than 5 times its earnings, check out our report about the . READ NEXT: and Complete List of All AI Companies Under $2 Billion Market Cap. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
28-01-2025
- Business
- Yahoo
Marvell Technology, Inc. (MRVL) Positioned as the Next AI Semiconductor Leader, Says Melius Research with $188 Target
We recently compiled a list of the . In this article, we are going to take a look at where Marvell Technology, Inc. (NASDAQ:MRVL) stands against the other AI stocks. The artificial intelligence community is raving over a new reasoning model that has surprised even Silicon Valley. Developed by Chinese start-up DeepSeek, the r1 claims to match and even exceed OpenAI's o1 by multiple benchmarks, and that too, at a fraction of the cost. A Chinese hedge-fund manager, Liang Wenfeng, has led the development of r1. Wenfeng has become the leading figure in the country's AI initiative. 'Deepseek R1 is one of the most amazing and impressive breakthroughs I've ever seen'. While some specialists are saying that DeepSeek's technology is a bit behind OpenAI and Google, it is still an achievement considering it has used fewer and less advanced chips. The country has also had to deal with US restrictions along the way, implying how DeepSeek either found a way around the rules or the controls weren't stringent enough in the first place. READ NOW: 10 AI Stocks Making Waves on Wall Street and Also developed by DeepSeek is its AI assistant, an artificial intelligence application that was released on January 10. The AI assistant is powered by the DeepSeek-V3 model and boasts over 600 billion parameters. It is designed to assist users by offering them seamless interactions, answering user questions, and enhancing daily tasks. In the latest news, Reuters reports how the Chinese startup DeepSeek's AI Assistant has overtaken rival ChatGPT to become the top-rated free application available on Apple's App Store in the United States. According to its creators, the AI assistant "tops the leaderboard among open-source models and rivals the most advanced closed-source models globally'. Both the r1 and AI assistant by DeepSeek are proof that China is getting closer to the US in the race toward supremacy in AI. While several Chinese tech companies have released tech companies over the past, DeepSeek has been particularly praised by the US tech industry for its innovation and achievements. At the same time, there is skepticism regarding how these cheaper alternatives may question the pricing power of US tech giants and if their spending needs need to be re-evaluated. 'While it remains to be seen if DeepSeek will prove to be a viable, cheaper alternative in the long term, initial worries are centered on whether US tech giants' pricing power is being threatened and if their massive AI spending needs re-evaluation'. For this article, we selected AI stocks by going through news articles, stock analysis, and press releases. These stocks are also popular among hedge funds. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (). An assembly line in a semiconductor factory, with workers at their Technology, Inc. (NASDAQ:MRVL) engages in the development and production of semiconductors, focusing heavily on data centers. On January 27, Melius Research initiated coverage of the stock with a 'Buy' rating and a $188 price target. Melius initiated Marvell as buy considering the semis stock is the 'next multi-hundred billion dollar AI semis company. With a shortage of semis names that "can get really big from here', it asserts that Marvell "is the next one to do it on the back of the AI theme'. The firm said that Marvell's networking chips are anticipated to benefit from what they refer to as an "AI Halo Effect'. It also believes there is a potential upside to Marvell's current quarter, which ends this January. There is also an analyst day in June, where Marvell might unveil an expanded addressable market for Marvell's custom silicon solutions. 'Despite Marvell's stock being up 108% since the start of 2024, there is more to go since there's a shortage of semis names that can get really big from here – and we bet this company is the next one to do it on the back of the AI theme.' Overall MRVL ranks 5th on our list of the top AI stocks that are dominating Wall Street. While we acknowledge the potential of MRVL as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than MRVL but that trades at less than 5 times its earnings, check out our report about the . READ NEXT: and Complete List of All AI Companies Under $2 Billion Market Cap. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
28-01-2025
- Business
- Yahoo
Lantern Pharma Inc. (LTRN) Enhances RADR® AI Platform to Accelerate Development of Antibody-Drug Conjugates (ADCs) for Targeted Cancer Therapies
We recently compiled a list of the . In this article, we are going to take a look at where Lantern Pharma Inc. (NASDAQ:LTRN) stands against the other AI stocks. The artificial intelligence community is raving over a new reasoning model that has surprised even Silicon Valley. Developed by Chinese start-up DeepSeek, the r1 claims to match and even exceed OpenAI's o1 by multiple benchmarks, and that too, at a fraction of the cost. A Chinese hedge-fund manager, Liang Wenfeng, has led the development of r1. Wenfeng has become the leading figure in the country's AI initiative. 'Deepseek R1 is one of the most amazing and impressive breakthroughs I've ever seen'. While some specialists are saying that DeepSeek's technology is a bit behind OpenAI and Google, it is still an achievement considering it has used fewer and less advanced chips. The country has also had to deal with US restrictions along the way, implying how DeepSeek either found a way around the rules or the controls weren't stringent enough in the first place. READ NOW: 10 AI Stocks Making Waves on Wall Street and Also developed by DeepSeek is its AI assistant, an artificial intelligence application that was released on January 10. The AI assistant is powered by the DeepSeek-V3 model and boasts over 600 billion parameters. It is designed to assist users by offering them seamless interactions, answering user questions, and enhancing daily tasks. In the latest news, Reuters reports how the Chinese startup DeepSeek's AI Assistant has overtaken rival ChatGPT to become the top-rated free application available on Apple's App Store in the United States. According to its creators, the AI assistant "tops the leaderboard among open-source models and rivals the most advanced closed-source models globally'. Both the r1 and AI assistant by DeepSeek are proof that China is getting closer to the US in the race toward supremacy in AI. While several Chinese tech companies have released tech companies over the past, DeepSeek has been particularly praised by the US tech industry for its innovation and achievements. At the same time, there is skepticism regarding how these cheaper alternatives may question the pricing power of US tech giants and if their spending needs need to be re-evaluated. 'While it remains to be seen if DeepSeek will prove to be a viable, cheaper alternative in the long term, initial worries are centered on whether US tech giants' pricing power is being threatened and if their massive AI spending needs re-evaluation'. For this article, we selected AI stocks by going through news articles, stock analysis, and press releases. These stocks are also popular among hedge funds. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (). A researcher standing in a modern laboratory, surrounded by scientific Pharma Inc. (NASDAQ:LTRN) uses artificial intelligence, machine learning, and genomic data through its RADR platform to advance precision oncology. On January 27, the company announced improvements to its RADR® AI platform aimed at accelerating and optimizing the development of antibody-drug conjugates (ADCs). ADC is a process of creating Antibody-Drug Conjugates, a type of targeted cancer therapy for the treatment of the disease. The company's AI-driven approach has already identified 82 promising ADC targets and 290 target-indication combinations, with some already validated for use. The AI-powered ADC module could speed up drug development by up to 50% and lower costs by 60%. It would also reduce both the time and cost of ADC development while also increasing the probability of clinical success. The company has been actively advancing multiple ADC candidates through preclinical development and has also engaged in a collaboration with the prestigious MAGICBULLET::Reloaded Initiative at the University of Bielefeld in Germany. "The implications of this research extend far beyond just expanding the repertoire of potential ADC targets. By leveraging our RADR® platform's advanced AI capabilities, we've created a systematic approach that could dramatically reduce both the time and cost of ADC development while increasing the probability of clinical success. Our platform is particularly well-suited for partnership opportunities with pharmaceutical companies looking to accelerate their ADC programs or expand their pipeline with novel targets'. Overall LTRN ranks 8th on our list of the top AI stocks that are dominating Wall Street. While we acknowledge the potential of LTRN as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than LTRN but that trades at less than 5 times its earnings, check out our report about the . READ NEXT: and Complete List of All AI Companies Under $2 Billion Market Cap. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
