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January 28, 2025, 12:00 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 …
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%  —  Nvidia loses almost $600bn in market value on worries US groups are facing a ‘Sputnik moment’  —  Technology stocks tumbled on Monday …
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
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 …
Bloomberg:
DeepSeek's iOS app tops the App Store's Top Free Apps chart in the US, beating ChatGPT, stirring doubts in Silicon Valley about the strength of the US' AI lead
More: Bloomberg, Reuters, The Verge, Australian Financial Review, Agence France-Presse, 9to5Mac, MacRumors, Associated Press, Business Insider, Washington Post, TechRadar, OSnews, TechNewsWorld, TechCrunch, Wall Street Journal, Yahoo Finance, Daring Fireball, NPR, NBC News, Daily Mail, ABC News, New York Times, PBS NewsHour, CNBC, New York Post, Observer, Forbes, Redmond Pie, The San Francisco Standard, Quartz, HotHardware, The Mirror US, The Information, iPhone in Canada Blog, Disruption Banking, PYMNTS.com, TNW, Tim Kellogg, and Spyglass
Threads: @carnage4life, @mwi.invest, @anildash, and @mgsiegler
X: @pmarca, @pmarca, @satyanadella, @kobeissiletter, @pgelsinger, @vivekgramaswamy, @clementdelangue, @luke_metro, @peterwildeford, @chrisjbakke, @matthewclifford, @alex_dreyfus, @ns123abc, @aravsrinivas, @jenzhuscott, @danprimack, @oren_cass, @emollick, @mattprd, @jasminewsun, @omooretweets, @dhh, @tszzl, @emollick, @linusekenstam, @jasonhickel, @matthewstoller, @fiberedskies, @thestalwart, @steve_sailer, @thechiefnerd, @emollick, @mervenoyann, @dlacalle_ia, @turnernovak, @theobertram, @refsrc, @ruima, @ercwl, @trungtphan, @thestalwart, @birdyword, @boriquagato, @paulskallas, @signulll, @ananayarora, @mattbruenig, @tunguz, @emptywheel, @goth600, @benthompson, @thestalwart, @noahpinion, @growing_daniel, @wayne_culbreth, @mattturck, @thestalwart, @mattyglesias, @bgurley, @qtnx_, @sentdex, @tphuang, @angelusm0rt1s, @joshuakushner, @quantian1, @jack, @parikpatelcfa, @calilyliu, @deepakshenoy, @pet3rpan_, @grummz, @bonegpt, @john_j_brown, @sstapczynski, @gfodor, @mxtaverse, @shaunrein, @natolambert, @pmarca, @levie, @stevesi, @garrytan, @aravsrinivas, @yacinemtb, @mattturck, @growing_daniel, @qtrresearch, @benioff, @signulll, @nic__carter, @richlightshed, @danprimack, @joannastern, @miles_brundage, @teroterotero, and @teroterotero
Forums: r/economicCollapse and r/apple
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.
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  —  Apple on Monday released a software update for iPhones, iPads and Macs that turns Apple Intelligence on by default for users with supported devices.

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From Mediagazer

Dan Mangan / CNBC:
Trump files a $10B defamation lawsuit against the BBC in a Florida court, alleging it deceptively doctored his January 6 speech in a Panorama documentary

Jake Kanter / Deadline:
The UK government begins its review of the BBC's charter, set to expire in 2027, as ministers consider licence fee reforms and allowing more commercial revenue

Alex Weprin / The Hollywood Reporter:
Howard Stern signs a new three-year deal with SiriusXM, after a report earlier this year suggested that his show was about to be canceled

More News

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
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

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