Chipmaker Nvidia ($NVDA) praised DeepSeek’s R1 model as “an excellent AI advancement,” even though the Chinese startup caused Nvidia’s stock to

According to a paper authored by the lab, the DeepSeek-R1 model outperforms cutting-edge models such as OpenAI’s o1 and Meta’s Llama AI models across multiple benchmarks.

Nvidia on Monday said Chinese AI firm DeepSeek's advances show the usefulness of its chips for the Chinese market and that more of its chips will be needed in the future to meet demand for DeepSeek's services.