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Fortune

Diane Brady

'Is DeepSeek a DeepFake or real?’: Silicon Valley freaks out

DeepSeek Silicon Valley Diane Brady Nvidia CEO Daily Fortune

Nvidia CEO Jensen Huang holding an Nvidia GPU chip used for AI applications. (Credit: PATRICK T. FALLON—AFP via Getty Images)

In today’s CEO Daily: Diane Brady on the DeepSeek fallout in Silicon Valley.
The big story: DeepSeek or DeepFake? Doubts emerge.
The markets: Looking up after yesterday’s horror show.
Analyst notes from Baird, Jefferies, JP Morgan, and Wedbush express skepticism about DeepSeek’s claims.
Plus: All the news and watercooler chat from Fortune.

Good morning. DeepSeek R1 has induced existential angst in tech circles. Venture capitalist Marc Andreessen described the release of the Chinese ChatGPT rival as America’s Sputnik moment. Why the drama? Because DeepSeek encapsulates a slew of fundamental conflicts inside the world of tech:

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