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January 28, 2025, 1:30 AM
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Samantha Subin / CNBC:
Nvidia's stock drops 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.
Kif Leswing / CNBC:
Nvidia calls DeepSeek's work “an excellent AI advancement”, reiterating “inference requires significant numbers of NVIDIA GPUs and high-performance networking”  —  Nvidia called DeepSeek's R1 model “an excellent AI advancement,” despite the Chinese startup's emergence causing …
Vlad Savov / Bloomberg:
Sam Altman says DeepSeek's R1 is an “impressive model, particularly around what they're able to deliver for the price” and OpenAI “will pull up some releases”  —  OpenAI Chief Executive Officer Sam Altman welcomed the debut of DeepSeek's R1 model in a post on X late on Monday.
Ben Thompson / Stratechery:
An in-depth look at DeepSeek: DeepSeekMoE and DeepSeekMLA, cheap V3 training, the US chip ban, “distillation” from other models, impact on Nvidia, AGI, and more
Casey Newton / Platformer:
Even with DeepSeek's breakthroughs, US tech companies still benefit from their large investments to train more advanced models and meet the resulting demand
Financial Times:
Tech stocks fall sharply over DeepSeek concerns, with MRVL down 19.1%, ORCL down 13.8%, AVGO down 17.4%, TSM down 13.3%, AMD down 6.4%, and ASML down 5.8%
More: TechCrunch, Daring Fireball, CNBC, MarketWatch, Bloomberg, The Block, Associated Press, New York Times, CNBC, Reuters, 9to5Mac, Australian Financial Review, The Guardian, Livemint, Associated Press, Yahoo Finance, CNBC, Reuters, Wall Street Journal, Financial Express, 9News, Daily Herald, The Boston Globe, HotHardware, The Block, Shacknews, NewsBTC, Quartz, Observer, Bloomberg, Spyglass, Marcus on AI, Bloomberg, Bloomberg, Dow Jones Newswires, CNBC, and Bloomberg
Bluesky: @hilli.tech, @karlbode.com, @tcarmody, @andrewwrites, and @andrewwrites
Threads: @carnage4life, @carnage4life, @yannlecun, @mwi.invest, @anildash, @sre.chakra.yeddula, @carnage4life, @yannlecun, @tomgara, and @vthallam
X: @avichal, @davidsacks, @pgelsinger, @supbagholder, @ericvishria, @bayeslord, @joannastern, @casinojoe92, @kantrowitz, @matthewstoller, @bickerinbrattle, @phillipsce, @petermallouk, @andrewyng, @garymarcus, @tradingthomas3, @maxwinebach, @nxthompson, @packym, @thecryptolark, @tszzl, @cernovich, @meghanbobrowsky, @bigbullcap, @noahpinion, @stockmktnewz, @amasad, @can, @jessesingal, @kantrowitz, @denny_zhou, @martin_casado, @deedydas, @teroterotero, @thestalwart, @kimmonismus, @a_xenop, @jjvincent, @0xfoobar, @tkl_adam, @tszzl, @loopifyyy, @jnordvig, @schuldensuehner, @andreassteno, @thestalwart, @gurgavin, @deitaone, @garrytan, @morganb, @milesdeutscher, @linreporting, @prithvir12, @devpatelx6, and @dylan522p
Forums: r/Sino, r/singularity, r/nvidia, r/technology, r/China, r/dividendgang, r/stupidpol, r/Economics, r/baba, r/technology, r/anime_titties, r/technology, r/singularity, r/wallstreetbets, r/worldnews, r/neoliberal, and Slashdot
Matt Marshall / VentureBeat:
How DeepSeek outpaced OpenAI at a fraction of the cost: open source, pure reinforcement learning, no supervised fine-tuning, and building on DeepSeek-R1-Zero
Dan Primack / Axios:
DeepSeek could be an extinction-level event for venture capital firms that went all-in on foundational model companies; investors say they are not panicking
Bloomberg:
DeepSeek shows the complete lack of lock-in that any of these chatbots have, and such a powerful model coming from China may cement “AGI” as a national project
Kyle Wiggers / TechCrunch:
DeepSeek debuts a family of multimodal, MIT-licensed open-source models including Janus-Pro-7B, which it claims beats OpenAI's DALL-E 3 in GenEval and DPG-Bench  —  DeepSeek, the viral AI company, has released a new set of multimodal AI models that it claims can outperform OpenAI's DALL-E 3.
Hayden Field / CNBC:
DeepSeek says it's temporarily limiting new user registrations “due to large-scale malicious attacks” on its services  —  DeepSeek on Monday said it would temporarily limit user registrations “due to large-scale malicious attacks” on its services, though existing users will be able to log in as usual.
Wired:
DeepSeek's privacy policy shows broad data collection practices and says user data, along with all the conversations and prompts, is stored on servers in China  —  Amid ongoing fears over TikTok, Chinese generative AI platform DeepSeek says it's sending heaps of US user data straight to its home country …
Reece Rogers / Wired:
Hands-on with DeepSeek's chatbot: R1 model is free and powerful, but suffers from rampant hallucinations and lacks some ChatGPT tools like the memory feature  —  DeekSeek's chatbot with the R1 model is a stunning release from the Chinese startup.  While it's an innovation in training efficiency, hallucinations still run rampant.
Bloomberg:
Trump vows to impose tariffs on foreign semiconductors in the “near future”, 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 …
Brian Heater / TechCrunch:
Google open sources PebbleOS, paving the way for more smartwatch hardware; Pebble founder Eric Migicovsky aims to develop a new smartwatch  —  Four years after launching the (then) most lucrative crowdfunding campaign in Kickstarter's history, Pebble abruptly ended.
Jennifer Elias / CNBC:
Google says it will change Gulf of Mexico to Gulf of America on Maps after “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 …
Kyle Wiggers / TechCrunch:
Meta says Meta AI will now use account info from across Meta's apps to give personalized suggestions; users can also ask Meta AI to “remember” specific things  —  Meta says that it is rolling out improvements to Meta AI, its cross-platform chatbot, including the ability have the bot “remember” details from conversations.
Kyle Wiggers / TechCrunch:
Alibaba's Qwen team releases Qwen2.5-VL, a new series of AI models that can control PCs and phones, as well as perform a number of text and image analysis tasks  —  Chinese AI lab DeepSeek might be getting the bulk of the tech industry's attention this week.  But one of its top domestic rivals, Alibaba, isn't sitting idly by.

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From Mediagazer

Brian Steinberg / Variety:
CBS News terminates 60 Minutes veteran Scott Pelley's contract; Nick Bilton says Pelley's “antipathy to the future of the show has come through loud and clear”

Bloomberg:
Bill Ackman's Pershing Square plans to sell its stake in Universal Music Group, days after the Amsterdam-listed group rejected his takeover bid

Christopher Vondracek / Minnesota Star Tribune:
The Minnesota Star Tribune, which has ~495 staffers, plans to cut its workforce by 15%, or 65 jobs, via buyouts and layoffs, one month after winning a Pulitzer

More News

Marques Brownlee / Marques Brownlee on YouTube:
Hands-on with Samsung's Project Moohan headset: resembles Apple Vision Pro, Gemini integration shines, runs Android XR with mobile and tablet apps, and more
More: TechEBlog and 9to5Google
Mastodon: @stroughtonsmith ….  Threads: @greengart and @benedictevans.  X: @mkbhd
Forums: r/Android and r/virtualreality
Bloomberg:
When asked if Microsoft is in discussions to purchase TikTok, Donald Trump told reporters “I would say yes”

Earlier Picks

Bloomberg:
KuCoin pleads guilty to having an unlicensed money transmitting business, agreeing to ~$300M in fines and forfeitures, in a case brought by US federal attorneys
Kif Leswing / CNBC:
Apple releases iOS 18.3, iPadOS 18.3, and macOS 15.3, enabling Apple Intelligence by default on supported devices but disabling AI summaries for news apps
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