Financial Times: SemiAnalysis: DeepSeek has spent “well over $500M on GPUs over the history of the company”; TechInsights says it doesn’t see DeepSeek as “a big hit to Nvidia” — Short sellers profit as US chipmaker loses nearly $600bn in market value on Monday Lees verder op Tech Meme
Samuel Stolton / Bloomberg: EU appeals hearing: Google accuses the EC of making “grave errors” in its Android investigation that led to a record €4.3B fine; EU lawyers defended the case — – EU’s top court weighs in on bloc’s biggest ever antitrust fine — Lower-tier court earlier cut fine down to €4.1 billion Lees verder op Tech Meme
Christina Kyriasoglou / Bloomberg: SAP reports Q4 cloud revenue up 27% YoY to €4.71B, above €4.68B est., driven by AI demand, names a suite of new executives, and plans to simplify its strategy — – Cloud revenue grew 27% last quarter from a year earlier — The company named new marketing, technology leadership Lees verder op Tech Meme
Bloomberg: DeepSeek says it used Nvidia H800 chips, available in China until October 2023, to train R1, suggesting future models could be hampered by US export controls — – Nvidia calls R1 an ‘excellent’ advance that meets US limits — Trump says release should be a ‘wake-up call’ for US companies Lees verder op Tech Meme
Financial Times: Bridgewater founder Ray Dalio says investor exuberance over AI has fuelled a “bubble” in US stocks that resembles the build-up to the dotcom bust in 1998-1999 — Billionaire investor says US stocks are in ‘very similar’ position as lead-up to internet bust at turn of millennium Lees verder op Tech Meme
Bloomberg: Trump vows to impose tariffs on foreign semiconductors in the “near future” and calls DeepSeek’s AI progress “a positive” and “a wake-up call” for US industries — President Donald Trump said he would soon impose tariffs on foreign pharmaceuticals … Lees verder op Tech Meme
Samantha Subin / CNBC: Nvidia’s stock dropped 16.86%, closing at $118.58, losing nearly $600B in market cap, more than twice as much as any US company has ever lost in a single day — Nvidia lost close to $600 billion in market cap on Monday, the biggest drop for any company on a single day in U.S. history. Lees verder op Tech Meme
Jennifer Elias / CNBC: Google says it will change Gulf of Mexico to Gulf of America on Maps when “official government sources” are updated, after Trump signed an EO changing the name — Google said Monday it will change the name of the Gulf of Mexico to “Gulf of America” in Google Maps … Lees verder op Tech Meme
Aaron Levie / @levie: DeepSeek’s breakthroughs are a “great win” for app developers, with more value accruing back into the app layer as the cost of intelligence drops rapidly — DeepSeek has been a very important breakthrough for understanding the future of economics in software in a world of AI. Lees verder op Tech Meme
Benjamin Breen / Res Obscura: Three case studies using GPT-4o, OpenAI o1, and Claude 3.5 Sonnet for historical research show that the models are now good enough for PhD-level analysis — … in specific domains. Three case studies with GPT-4o, o1, and Claude Sonnet 3.5, and what they mean Lees verder op Tech Meme