Think DeepSeek has cut AI spending? Think again

Bloomberg, courtesy of Corey Sipkin The stock market collapse in January, prompted by the sudden fervor for the Chinese artificial intelligence (AI) breakthrough DeepSeek AI, and its apparently much cheaper computing approach, might make you think that companies are dramatically reducing their spending on chips and systems for AI. A generative AI conference on Wednesday in New York, hosted by the Bloomberg Intelligence unit of Bloomberg, left me with the opposite impression: the hunger to expand the use of generative AI is so great that spending is set to continue to drive enormous investment. Also: What is DeepSeek AI? Is it safe? Here's everything you need to know Titled "Generative AI: Scaling Laws Post DeepSeek," the daylong event featured constant references to how demand will drive greater spending. "We had ten panels today, and not a single person on those panels said we have more capacity than we need," said Mandeep Singh, a senior technology analyst with Bloomberg Intelli ... Read full article.