GenAI Outlook, Impact, Stock Picks, and Private Companies (Needham)
2025-02-28 05:14
February 26, 2025 INDUSTRY UPDATE On Jan 27, 2025, DeepSeek released R1, its LLM model that directly competes with OpenAI's o1 model in performance, although at a materially lower cost structure (if press reports are accurate). Like DeepSeek-V3, the R1 model has 671 billion parameters with a context length of 128,000. The release of DeepSeek-R1 resulted in downward pressure on many US tech stocks, owing to: RELEVANT DISCLOSURES BEGIN ON PAGE 346 OF THIS REPORT. Portfolio Strategy Artificial Intelligence Gen ...