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A breakthrough has emerged from an unexpected source. A Chinese hedge fund has developed the DeepSeek R1 model, capable of matching the performance of OpenAI’s latest ChatGPT iteration (o1), but at just one-tenth of the cost. This disruptive approach drastically lowers the expense of developing and running AI, challenging the high-cost, high-investment model dominating the U.S. AI landscape. Could this lead to a slowdown in demand for Nvidia GPUs?...