Quotes
DeepSeek's cost efficiency is praiseworthy, but the privacy implications of its data collection would raise significant concerns,
said Saeed Rehman, senior lecturer in cybersecurity and networking at Flinders University It is interesting that this breakthrough was achieved not by government-backed research institutes and large (state-owned enterprises), but by a hedge fund with no government subsidies,
noted Zhiwei Zhang, president and chief economist at Pinpoint Asset Management This situation may evoke similar concerns to those raised for TikTok, where data privacy and security have been hotly debated,
What is the progress of Ola Krutrim again?"
another X user, Saikiran Kannan, said Everyone is talking about DeepSeek but nobody is talking about Krutrim AI that can accurately predict when your Ola electric scooter will catch fire,
X user Madhu Menon said, taking a jab at the Ola-led company Meanwhile our prestigious Krutrim! At least please turn off this thing to save from further embarrassment
Mathayi said, sharing a screenshot of a prompt on Krutrim Ola Krutrim will destroy DeepSeek,
user Sandeep Manudhane, said He (Bhavish Aggarwal) also started AI named Krutrim what happened to that?"
Look, the way this works is, we're gonna tell you it's totally hopeless to compete with us on training foundation models, you shouldn't try—and it's your job to try anyway."
Altman's response is blunt and laced with overconfidence Funny how 'totally hopeless' turned into real competition in just over a year. The AI space is moving fast—centralised control is breaking down, but the question remains: who gets to define the future of AI governance?"
Classic non-techie answer.” ... Actually, people like Sam Altman are responsible for creating artificial scarcity in the field of AI. Had OpenAI been an open-source organization, DeepSeek moment would have occurred much earlier.”
A third expressed ... A fourth wrote How is a small, smart team with a budget of $10 million could build something substantial within AI?” ... It's totally hopeless to compete with us on training foundation models.”
The old video from 2023 shows Sam Altman attending an event in India where he was asked ... He replied It’s invigorating to have a new competitor!”
Markets have begun to cast doubt on the assumed dominance of US tech firms in the AI space and the lofty valuations they have commanded.
As Jason Hollands, a director of investing platform Bestinvest, puts it The current sell-off provides a timely nudge for investors to check in on their overall exposure to the US stock market, and in particular to the technology sector
Laith Khalaf, head of investment analysis at investment platform AJ Bell, says This concentration means that any significant downturn in the tech sector can have an outsized impact on the broader market
As Damien Fahy, founder of personal finance website Money To The Masses, explains In our American Fund, we have been trimming our holding in Nvidia throughout 2024 and recycling this capital in other stocks further up the AI value chain,
says James Budden, head of global marketing at Baillie Gifford It is a bit like if you’re building a house and you think you’ll need 1,000 bricks but now you find you actually only need 100
David Coombs, head of multi-asset investment at Rathbones Asset Management, says [A ... A] lot of these open-source apps, open-source models, you can actually sort of use them directly on other platforms. Perplexity is a major U.S. AI company, and they're currently using a version of DeepSeek that you can use that doesn't have the data privacy or security threats,
More and more people will use it, and that will open the door to more and more personal data just being given away to the [Chinese Communist Party] and being sent basically to mainland China to be able to inform them of their activities,
