Opinion
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Why Are People Freaking Out About 'DeepSeek'? Memes And Reactions About A Chinese AI Company Supposedly Edging Out Silicon Valley ExplainedA Chinese quant hedgefund's "side project" has shaken up Silicon Valley after dropping DeepSeek-R1, a disruptor in the increasingly monopolistic field of AI tech.
Bronte Capital held short positions in the major meme stocks last year ... This created a deposit bubble in Silicon Valley Bank in 2021 that would eventually lead to its collapse.
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