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Isn't Deep Seek the hot new LLM?
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It's more complicated than that. nVidia stock took a hit, but has recovered.
Elon Musk started OpenAI with Sam Altman and others. While he stepped back due to conflict of interest with Tesla's AI work, Sam Altman left yCombinator to focus on OpenAI, and they adopted a ‘capped-profit’ strategy.
So OpenAI was started as Open Source but devolved into a for profit; while Deep Seek promotes Open Source with a CCP filter.
Basically, Deep Seek is a proof of concept (lower resolution reduces computation cost) that will be adopted/coopted by all others going forward.
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I found this article on The Register where IT is pushing back against the Deep Seek phenomenon.
www.theregister.com: The hidden cost of compromise
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As the technology industry continues its shift towards AI dominance, an important schism is opening up that threatens to impact scientific progress, along with important humanitarian endeavors such as disaster response.
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While this industry-wide shift has accelerated AI advances, it's creating an unintended consequence: the erosion of high-precision computing, which is vital for important applications such as climate modeling, aerospace engineering, and pharmaceutical research.
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--There's an old saying in software development that goes something like, "Fast, good or cheap — pick two."--