Sam Altman, CEO of OpenAI, has called for an urgent pivot to open-source innovation to counter rising competition from DeepSeek, an AI leader championing transparency and collaboration. Acknowledging missteps, Altman emphasized inclusivity as key to staying relevant, signaling a shift back to OpenAI’s original mission of democratizing AI for humanity.
Browsing: Deepseek
On January 27, 2025, a tech-driven selloff erased $108 billion from the fortunes of the world’s wealthiest, sparked by struggles at AI giant DeepSeek. High-profile billionaires, including Jensen Huang and Larry Ellison, faced massive losses, underscoring the volatility of transformative industries like AI and the fragility of investor confidence.
Nvidia faced a historic $600 billion market cap loss after China’s DeepSeek launched a cost-efficient AI model, challenging reliance on high-performance GPUs. The event disrupted global markets, highlighted shifting tech power dynamics, and raised questions about AI’s future growth. For Nvidia, resilience and innovation are now paramount for recovery.
