These decrease barriers to entry can also add extra complexity to the global AI race. The first DeepSeek product was DeepSeek Coder, released in November 2023. DeepSeek-V2 followed in May 2024 with an aggressively-low cost pricing plan that caused disruption in the Chinese AI market, forcing rivals to decrease their prices. With High-Flyer Capital, Liang used AI to identify patterns in inventory prices - generating tonnes of money. However, R1’s launch has spooked some traders into believing that a lot much less compute and power shall be needed for AI, prompting a large selloff in AI-associated stocks across the United States, with compute producers such as Nvidia seeing $600 billion declines in their stock worth.
