DEEPSEEK OVERTAKES CHATGPT IN APP STORE RANKINGS IN THE U.S.
👉 Chinese AI platform DeepSeek has reportedly surpassed OpenAI’s ChatGPT on Apple’s App Store rankings just a week after launch. 👉DeepSeek popularity stems from its competitive pricing, and its superior performance, reportedly achieving a higher success rate in coding tasks and outpacing OpenAI in benchmarks. Source: @spectatorindex MoneyControl thru Mario Nawfal on X
🚨 Goldman Asks If China's DeepSeek is AI's Sputnik Moment 🚨
You've heard of DeepSeek's R1. But have you heard of Bytedance's Doubao-1.5 or Moonshot's Kimi k1.5? The race to the price bottom is just starting and nobody does it like China. Still, we need to keep in mind that LLM commoditization was inevitable, but the Mag 7 are focused on the Artificial general intelligence (AGI) endgame -- building trust, infrastructure & ecosystems that China can’t match. It might just end up being noise - not a real game changer. Source. www.zerohedge.com, Goldman Sachs
Semiconductor fund managers after seeing 4 memes about DeepSeek on X.
Chip stocks are plunging overnight on the back of the DeepSeek story: 1. Arm, $ARM: -5.5% 2. Nvidia, $NVDA: -5.3% 3. Broadcom, $AVGO: -4.9% 4. Super Micro, $SMCI: -4.6% 5. Taiwan Semi, $TSM: -4.5% 6. Micron, $MU: -4.3% 7. Qualcomm, $QCOM: -2.8% 8. AMD, $AMD: -2.5% 9. Intel, $INTC: -2.0% DeepSeek is only story in town and it’s showing up in global markets this Monday
The S&P 500 reached a record $54.3 trillion in market cap last week, adding $1.1 trillion in 1 week.
Since the August low, the index's market cap is up a massive $8.5 trillion. Furthermore, the index has added $12.4 trillion in value since the beginning of 2024. The S&P 500 has added 78% of Europe's market cap and DOUBLE the size of the Japanese market in 1 year. As a result, the US market cap to GDP ratio has reached an all-time high of 209%. Source: The Kobeissi Letter
All eyes on the Nasdaq 100.
Over 25% of stocks in the index report earnings this week... Source: Trend Spider
Incredible stat: 98% of Warren Buffett's current net worth of $146 billion came after he turned 65
"My life has been a product of compound interest." - Warren Buffett Source: Peter Mallouk
🚨The current financial system benefits the RICHEST and hits the poorest:
The Top 10% of US households now own $111 trillion of all wealth or 69% of the total. The Bottom 50% holds ONLY $3.9 trillion or 2.4% of wealth. Since 2021, their wealth adjusted for inflation DECLINED by 5%. Source: Global Markets Investor
Central Bank Gold Reserves
Interesting thing on this is how even after their big buy-up, Russia & China lag far behind USA + Eurozone holdings of gold. Source: Callum Thomas, Visual Capitalist
