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From: Julius Wong	1/27/2025 2:34:07 PM
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Former Intel CEO blasts market for DeepSeek overreaction Jan. 27, 2025 2:10 PM ET By: Brandon Evans, SA News Editor Michael M. Santiago Intel's (NASDAQ: INTC) former CEO Pat Gelsinger called out the market for overreacting to the news of China's DeepSeek artificial intelligence model. AI stocks collapsed across the board on Monday as DeepSeek's chatbot rose to the top of the most downloaded app on Apple's ( AAPL) App Store. However, Gelsinger pointed out that if DeepSeek proves that large language models can be created with less computing power, it stands to reason AI will grow even more. "Wisdom is learning the lessons we thought we already knew," Gelsinger said in a post on X. "DeepSeek reminds us of three important learnings from computing history: 1) Computing obeys the gas law. Making it dramatically cheaper will expand the market for it. The markets are getting it wrong, this will make AI much more broadly deployed. 2) Engineering is about constraints. The Chinese engineers had limited resources, and they had to find creative solutions. 3) Open Wins. DeepSeek will help reset the increasingly closed world of foundational AI model work. Thank you DeepSeek team."

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