A new player in the artificial intelligence landscape
In recent months, the artificial intelligence sector has witnessed the emergence of a new protagonist: DeepSeek, a Chinese app that promises to revolutionize the market with cheaper and more performing AI models. This innovation has already had a significant impact on technology stocks, especially those in the United States, which fell sharply following the announcement of DeepSeek
.
The Norwegian sovereign wealth fund boom
The Norwegian sovereign wealth fund, one of the largest in the world, has recently recorded record profits thanks to the rally in the technology sector, driven by artificial intelligence. With a gain of 2.5 trillion crowns, the fund broke its previous record and attributed much of its success to the excellent performance of technology stocks, especially those related to AI. The CEO of Norges Bank Investment Management, Nicolai Tangen, emphasized how the strong stock market contributed decisively to the fund’s returns in
2024.
Market reactions and future challenges
The presentation of DeepSeek’s open-source model triggered a chain reaction in the market, with a sell-off affecting the shares of companies like Nvidia, which saw its shares plummet by 17%. Tangen commented that the availability of cheaper models could democratize access to artificial intelligence, increasing its global diffusion. However, it has also expressed uncertainties regarding the sustainability of this trend and whether the recent decline in technology stocks represents an isolated moment or a lasting change
in the market.
The Future of Artificial Intelligence
With the emergence of DeepSeek, the artificial intelligence landscape is set to change dramatically. Competition between Western and Chinese companies will intensify, leading to faster innovations and greater accessibility of AI technologies. Investors and analysts will need to closely monitor these dynamics, as they could affect not only the technology market, but also the global economy as a whole
.