The emergence of Chinese artificial-intelligence company DeepSeek raises a simple question that has clobbered energy stocks tied to the AI boom: What if AI can run sophisticated models without using so much energy?
The debut of China's DeepSeek AI lab is raising doubts about the billions of dollars the tech sector is investing in data centers.
BofA lowered the firm’s price target on Constellation Energy (CEG) to $366 from $380 and keeps a Buy rating on the shares. Constellation and
The Chinese AI company roiled financial markets and showed the road to growth in electricity demand may be bumpy.
AI-exposed power stocks attempted a rebound Tuesday after getting crushed over worries of less-than-expected energy demand.
Nuscale Power Corp, one of the market's best-performing nuclear energy stocks in 2024, dropped as much as 24%. Vistra Corp, another nuclear power provider, dropped as much as 26%, while Talen Energy Corp and Constellation Energy Corporation dropped 21% and 20%, respectively.
The Chinese company says its AI model is cheaper and uses less energy than those of its competitors, driving questions about predictions of enormous power
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DeepSeek May Be the Walmart of AI
In the most recent episode of Pivot, Kara Swisher and Scott Galloway discuss the Chinese AI firm and its cost-effective new model.
The implosion of U.S. tech stocks on Monday and Trump-era turbulence are making it a lot harder to predict future energy demand.
Constellation Energy, the biggest U.S. producer of nuclear power, dropped 17% in late morning trading Monday. Nuclear-heavy power company Vistra Energy, Nano Nuclear Energy and Vertiv Holdings--which provides cooling and energy management for data centers--each lost about a fifth of their market value, as did power-turbine maker GE Vernova.
DeepSeek released an open-source artificial intelligence model in December, saying it took only two months and less than $6 million to create it.
A Chinese artificial intelligence app called DeepSeek has exploded the U.S. energy industry’s road map of the future.