Dossier
DeepSeek moment
Coverage of DeepSeek moment in the Nexus archive.
- Chinese startup founded by AI pioneer eyes potential IPO
O1.ai, a Chinese AI startup founded by Kai-Fu Lee, aims to raise funds for a potential 2027 IPO by shifting focus to enterprise AI infrastructure. The company cites a cost-structure shift in AI training as a reason for pivoting from frontier models, with international clients now comprising half its business. Lee stated the company is not targeting the US market due to concerns about Chinese software acceptance.
- AI Upheaval Crushes Retail Traders Crowding Into Leveraged Funds
A breakthrough from Chinese startup Moonshot caused AI and semiconductor stocks to decline, disrupting markets and echoing last year’s DeepSeek moment. The event highlights rapid market shifts and the volatility of assumptions about future industry leaders.