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Windows Central
Windows Central
Technology
Kevin Okemwa

"Woefully unjustified": Meta's AI lead scientist blasts market reactions to DeepSeek's cost-efficient model following NVIDIA's $600 billion valuation drop

Yann LeCun, chief AI scientist at Meta Platforms Inc.

Last month, Chinese AI startup DeepSeek made headlines after unveiling its R1 V3-powered AI model. At a fraction of the development cost, this model surpasses OpenAI's proprietary o1 reasoning model across several benchmarks, including coding, math, and science.

Consequently, the news caused a dramatic shift in the market, causing NVIDIA to lose up to $600 billion in market valuation in a single day. As a result, NVIDIA fell behind Microsoft and Apple as the third-most valuable company in the world.

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