Chinese AI startup DeepSeek surged to the top of the American App Store over the weekend, overtaking OpenAI’s ChatGPT as the most popular AI assistant in the US. The previously unknown app’s sudden, explosive debut has left the US stock market reeling, raising concerns about future American dominance in the AI sector.
Launched on January 10, DeepSeek’s app leverages the DeepSeek-V3 model, reportedly developed for less than $6 million— a fraction of the cost incurred by its American counterparts. Deepseek also utilizes a new energy-efficient system, dramatically reducing the power consumption required to operate its servers.
Following DeepSeek’s launch, nuclear energy stocks, including Oklo Inc. and NuScale Power Corporation, suffered steep declines of 16.3% and 13.7%, respectively, as the market reevaluates the energy demands of AI applications and their potential impact on nuclear investments.
Power companies such as Constellation Energy and Vistra Corp also experienced notable losses, with declines exceeding 14%, raising concerns over the anticipated energy requirements for AI data centers.
Analysts suggest that the reduced energy consumption projected by DeepSeek’s model could diminish the expected demand for nuclear power as a key energy source for AI. […]
— Read More: valuetainment.com
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