Point72 Asset Management’s founder Steven Cohen said on Tuesday that the recent developments announced by Chinese artificial intelligence startup DeepSeek are positive for the outlook of artificial intelligence. “Our view is that what happened with DeepSeek is actually bullish because it advances the move to artificial intelligence,” he said at the iConnections conference in Miami. On Monday, DeepSeek caused a rout in tech stocks after it said were on a par or better than industry-leading rivals in the United States at a fraction of the cost, sending shares in Nvidia down roughly 17%. [#item_con
Point72 Asset Management’s founder Steven Cohen said on Tuesday that the recent developments announced by Chinese artificial intelligence startup DeepSeek are positive for the outlook of artificial intelligence. “Our view is that what happened with DeepSeek is actually bullish because it advances the move to artificial intelligence,” he said at the iConnections conference in Miami. On Monday, DeepSeek caused a rout in tech stocks after it said were on a par or better than industry-leading rivals in the United States at a fraction of the cost, sending shares in Nvidia down roughly 17%.
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