Artificial intelligence company, DeepSeek is having a massive impact on tech stocks. All after the one-year old startup “presented a ChatGPT-like model called R1, which has all the familiar abilities operating at a fraction of the cost of OpenAI’s, Google’s, or Meta’s popular AI models,” says CNN. “The company said it had spent just $5.6 million training its newest AI model, compared with hundreds of millions or billions of dollars US companies spend on their AI technologies.” All of which is impacting stocks such as VERSES AI (CBOE: VERS) (OTCQB: VRSSF), Nvidia (NASDAQ: NVDA), Microsoft (NASDAQ: MSFT), Advanced Micro Devices (NASDAQ: AMD) and Cisco (NASDAQ: CSCO) this morning.
“DeepSeek’s success may push OpenAI and other US providers to lower their pricing to maintain their established lead. It also calls into question the vast spending by companies like Meta and Microsoft Corp. — each of which has committed to capex of $65 billion or more this year, largely on AI infrastructure — if more efficient models can compete with a much smaller outlay,” added Bloomberg.
VERSES (CBOE: VERS) (OTCQB: VRSSF) Just Partnered with a Top Australian Telecom
VERSES AI Inc., a cognitive computing company specializing in next generation intelligent systems, announces that a leading Australian telecommunications company has joined the Genius beta program to focus on one of the largest issues plaguing their industry globally: fraudulent or illegal use of telecommunications services.
According to credit reporting agency, TransUnion, in 2023 $38.95 Billion was lost to telecom fraud and a report by The Global Leaders’ Forum (GLF), a network of leaders from the world’s largest international carriers, found that 64% of carriers state that fraudulent traffic is a top priority. One of the most common issues telecom operators face today is the prevalence of fraudulent access or hijacked accounts. Although there have been many advances in multi-factor authentication, there are just as many workarounds and hacks to circumvent them.
The telecom provider is eager to implement Genius Agents given their unique ability to model complex dynamic systems, quantify uncertainty, and continuously learn how to make increasingly more accurate predictions.
“VERSES is attracting more large-scale opportunities at an enterprise level where the organization is excited about the capabilities and prospects that Genius provides,” said Michael Wadden, VERSES Chief Commercial Officer. “Genius’ unique ability to continuously reason, predict and act addresses a category of real-world problems that the latest LLMs like OpenAI’s o1 or Deepseek’s R1 still struggle to reliably solve. In this scenario potentially mitigating fraud at scale would create exceptional value for the provider.”
Other related developments from around the markets include:
Nvidia announced new partnerships to transform the $10 trillion healthcare and life sciences industry by accelerating drug discovery, enhancing genomic research and pioneering advanced healthcare services with agentic and generative AI. The convergence of AI, accelerated computing and biological data is turning healthcare into the largest technology industry. Healthcare leaders IQVIA, Illumina and Mayo Clinic, as well as Arc Institute, are using the latest NVIDIA technologies to develop solutions that will help advance human health. These solutions include AI agents that can speed clinical trials by reducing administrative burden, AI models that learn from biology instruments to advance drug discovery and digital pathology, and physical AI robots for surgery, patient monitoring and operations. AI agents, AI instruments and AI robots will help address the $3 trillion of operations dedicated to supporting industry growth and create an AI factory opportunity in the hundreds of billions of dollars.
Microsoft and Pearson, the world’s lifelong learning company, announced a strategic collaboration to help address one of the top challenges facing organizations globally: skilling for the era of AI. The partnership will focus on providing employers, workers and learners with new AI-powered products and services to help prepare the current and future workforce across industries for the era of work in an AI-driven economy. By combining Pearson’s expertise in learning and assessment with Microsoft’s cloud and AI technologies, this partnership will play a foundational role in helping organizations realize the full value of AI through reskilling. Judson Althoff, executive vice president and chief commercial officer at Microsoft, said, “The speed and scale of today’s AI innovation present an opportunity for organizations across industries to accelerate AI Transformation. As AI investments increase, the demand for training and support to enable effective and responsible use of AI has never been greater. We are thrilled to partner with Pearson to help global enterprises develop learning experiences that empower employees with the AI skills needed to help advance their careers and achieve more.”
Cisco, the leader in security and networking, today announced Cisco AI Defense, a pioneering solution to enable and safeguard AI transformation within enterprises. As AI technology advances, new safety concerns and security threats are emerging at an unprecedented speed which existing security solutions are unprepared to protect against. Cisco AI Defense is purpose-built for enterprises to develop, deploy and secure AI applications with confidence. “Business and technology leaders can’t afford to sacrifice safety for speed when embracing AI,” said Jeetu Patel, Executive Vice President and Chief Product Officer, Cisco. “In a dynamic landscape where competition is fierce, speed decides the winners. Fused into the fabric of the network, Cisco AI Defense combines the unique ability to detect and protect against threats when developing and accessing AI applications without tradeoffs.”
Advanced Micro Devices announced that it will report fiscal fourth quarter and full year 2024 financial results on Tuesday, Feb. 4, 2025, after the close of market. Management will conduct a conference call to discuss these results at 5:00 p.m. EST / 2:00 p.m. PST.
Legal Disclaimer / Except for the historical information presented herein, matters discussed in this article contains forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Winning Media is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release. For making specific investment decisions, readers should seek their own advice. Winning Media is only compensated for its services in the form of cash-based compensation. Pursuant to an agreement Winning Media has been paid three thousand five hundred dollars for advertising and marketing services for VERSES AI Inc. by VERSES AI Inc. We own ZERO shares of VERSES AI Inc. Please click here for disclaimer.
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