As the DeepSeek earthquake shakes the AI world, Pat Gelsinger is offering a reassuring message: Look past the moment. Gelsinger, who abruptly stepped down as Intel’s CEO in December, took a long-term view of DeepSeek’s startling creation of an AI chatbot that reportedly equals ChatGPT and others at a fraction of the cost. The biggest tech stocks plunged, but Gelsinger, in an X post, sees three reasons why this market shock is good news.
- History says that making computing “dramatically cheaper will expand the market for it. The markets are getting it wrong, this will make AI much more broadly deployed.” As Gelsinger well knows, the story of infotech is that input prices keep falling, and the industry keeps growing. Even after stock markets closed after a traumatic Monday, nine of the 10 most valuable stocks traded on U.S. exchanges were tech companies.
