DeepSeek ‘Started a Revolution’ for AI and Investors
Blue Whale Manager Stephen Yiu joins Merryn Talks Money to discuss the Big Tech selloff, his outlook for AI and where he’s investing now.
Photographer: Mladen Antonov/AFP
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The artificial intelligence landscape appears to have changed. Nvidia’s dominance has been disrupted by Chinese startup DeepSeek, whose surge in popularity is raising questions about the valuations of US tech giants. That this new rival to ChatGPT comes at a fraction of the latter’s cost has poked holes in the justification for massive AI budgets.
“They have started a revolution,” says Stephen Yiu, chief investment officer of Blue Whale Growth Fund, who joins this week’s Merryn Talks Money. Now anyone “can start to work on some AI application.”