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THE DAILY INDEX

Technology, AI, software, security, crypto and business

GENERAL

TLDR AI

DEEPSEEK: THE QUIET GIANT LEADING CHINA'S AI RACE

Deepseek, a Chinese AI startup led by CEO Liang Wenfeng, has developed a model, the R1, that outperformed OpenAI's O1 on reasoning benchmarks. With backing from the quantitative hedge fund High-Flyer, Deepseek prioritizes research over commercialization and is committed to open sourcing. It has triggered price competition in China's AI market by offering affordable API rates. Focused on AGI, Deepseek emphasizes architectural innovations like Multi-Head Latent Attention and Sparse Mixture-of-Experts, challenging traditional models and fostering local talent in China's tech scene.

SILICON VALLEY'S TURN OF FORTUNE: INTEL HAS WORST YEAR EVER, WHILE BROADCOM ENJOYS RECORD GAIN

Intel's stock plummeted 61% in 2024 due to its failure to capitalize on the AI wave, while Broadcom thrived with a 111% increase fueled by custom chips for major tech firms. Broadcom's XPUs have become crucial in the AI ecosystem, with collaborations with Google and others, whereas Intel struggles with outdated strategies and leadership changes. The contrasting fortunes highlight pivotal tech industry shifts and the significant market impact of AI advancements.

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