DOES AI NEED ALL THAT MONEY? (TECH GIANTS SAY YES)

Summary from the TLDR AI newsletter

DeepSeek's claim of training a top-performing AI model for $5.6m shook the US market, impacting Nvidia's valuation and raising questions about hefty AI infrastructure investments from the likes of Meta and Microsoft. Despite skepticism, leading tech firms including OpenAI remain committed to major spending on AI advancements. Meanwhile, OpenAI plans a new, free ChatGPT version, maintaining high spending levels alongside ambitious AI projects like Stargate.