Why BlackRock is Hoarding 6X More Bitcoin Than Miners Produce

A Bitcoin supply shock is building. Institutions and ETFs are buying faster than miners can keep up - creating a shortage most investors haven't noticed. If Bitcoin hits $300K, altcoins could explode 1,000%+. We wrote Crypto Revolution to help you prepare.

Did DeepSeek copy ChatGPT? Trump adviser thinks so

MATT O'BRIEN and KELVIN CHAN
January 29, 2025

Did the upstart Chinese tech company DeepSeek copy ChatGPT to make the artificial intelligence technology that shook Wall Street this week?

That's what ChatGPT maker OpenAI is suggesting, along with U.S. President Donald Trump's top AI adviser. Neither has disclosed specific evidence of intellectual property theft, but the comments could fuel a reexamination of some of the assumptions that led to a panic in the U.S. over DeepSeek's advancements.

"There's substantial evidence that what DeepSeek did here is they distilled the knowledge out of OpenAI's models," David Sacks, Trump's AI adviser, told Fox News on Tuesday. "And I don't think OpenAI is very happy about this."

DeepSeek and the hedge fund it grew out of, High-Flyer, didn't immediately respond to emailed questions Wednesday, the start of China's extended Lunar New Year holiday.

OpenAI said in a statement that China-based companies "are constantly trying to distill the models of leading U.S. AI companies" but didn't publicly call out DeepSeek specifically.

OpenAI's official terms of use ban the technique known as distillation that enables a new AI model to learn by repeatedly querying a bigger one that's already been trained. The company has been working with its business partner Microsoft to identify accounts attempting to distill its models and then banning those accounts and revoking their access. Microsoft declined to comment.

OpenAI said it will also work "closely with the U.S. government to best protect the most capable models from efforts by adversaries and competitors to take U.S. technology."

The San Francisco company has itself been accused of copyright theft in lawsuits from media organizations, book authors and others in cases that are still working through courts in the U.S. and elsewhere.

Even before DeepSeek news rattled markets Monday, many who were trying out the company's AI model noticed a tendency for it to declare that it was ChatGPT or refer to OpenAI's terms and policies.

"If you ask it what model are you, it would say, 'I'm ChatGPT,' and the most likely reason for that is that the training data for DeepSeek was harvested from millions of chat interactions with ChatGPT that were just fed directly into DeepSeek's training data," said Gregory Allen, a former U.S. Defense Department official who now directs the Wadhwani AI Center at the Center for Strategic and International Studies.

Such declarations are not necessarily an indication of IP theft -- chatbots are prone to fabricating information. But DeepSeek, despite describing its technology as "open-source," doesn't disclose the data it used to train its model.

"I think that there's a pretty obvious reason for that choice, which is that they harvested ChatGPT for training data," Allen said.

Much about DeepSeek has perplexed analysts poring through the startup's public research papers about its new model, R1, and its precursors.

Among the details that startled Wall Street was DeepSeek's assertion that the cost to train the flagship v3 model behind its AI assistant was only $5.6 million, a stunningly low number compared to the multiple billions of dollars spent to build ChatGPT and other popular chatbots.

The $5.6 million number only included actually training the chatbot, not the costs of earlier-stage research and experiments, the paper said. But the number -- and DeepSeek's relatively cheap prices for developers -- called into question the huge amounts of money and electricity pouring into AI development in the U.S.

DeepSeek was also working under constraints: U.S. export controls on the most powerful AI chips. It said it relied on a relatively low-performing AI chip from California chipmaker Nvidia that the U.S. hasn't banned for sale in China. But in 2022, a social media post from High-Flyer said it had amassed a cluster of 10,000 more powerful Nvidia chips that are now banned in China.

_____

The Associated Press and OpenAI have a licensing and technology agreement that allows OpenAI access to part of AP's text archives.

Continue Reading...

Popular

Tried and tested in war: For European drone manufacturers, Ukraine is the place to be

LE BOURGET, France (AP) — About once a month, French manufacturer Henri Seydoux makes what has become a necessary pilgrimage for many in his business — he goes to .

Mark Cuban Reacts to Elon Musk-Donald Trump Feud

The escalating public feud between Elon Musk and President Trump has prompted a response from Mark Cuban.

Nvidia's Plan to Dominate the World of Robotics ... - Ad

Robots just had a coming-out party in Las Vegas. From household helpers to rescue bots, they're now essential-not just novelties. Forbes says it's a $24T opportunity. And Nvidia's CEO says one $7 stock is key to building the world's first trillion-dollar robot.

The Next Palantir? Does This Under $5 AI Stock Have The Potential To Rise And Shine

This micro-cap AI stock is being increasingly touted as the next Palantir Technologies Inc. (NASDAQ: PLTR), but some analysts disagree with this framing.

How high will Bitcoin go in 2025? - Ad

A new coin is emerging in the crypto bull market. Investing now could be like buying Bitcoin in 2013. Before it took off. Or scooping up Ethereum in 2017.. before it soared.

Trump's 'Numbskull' Insult Comes Back To Bite—In Record Time

Oil prices surged after Israel's airstrikes on Iran, reigniting inflation fears and complicating Trump's push for rate cuts. Powell's caution now seems more justified.

Rocket Lab Stock Is On Investor Radars: What's Going On?

Rocket Lab Corp (NASDAQ:RKLB) shares are up about 7% over the past month. Here's a look at why the stock has captured investor's attention recently.

Maverick Trader Reveals 97% Accurate System - Ad

This man's simple strategy makes money in any market...With a 97% accuracy at hitting winners over the past 8 years!

Cloudflare To Raise $1.75 Billion In Note Offering For Expansion

Cloudflare, Inc. announced pricing of $1.75B convertible senior notes due 2030, option for additional $250M, and intends to use proceeds for corporate purposes.

Judge Blocking DOGE From Revealing THIS FDA Secret? - Ad

Democrats just filed a lawsuit to bring DOGE to a halt-and an Obama-appointed judge looks ready to help. It may be a rigged move to stop DOGE from exposing the FDA's biggest secret-a threat to billions in profits and political donations. That's why we're going public now.

Ericsson, Supermicro Partner To Bring 5G-Powered AI To Factories, Retail And Hospitals

Ericsson and Super Micro announce strategic collaboration to accelerate Edge AI deployment. Super Micro stock down 45%, Ericsson up 38% in past year.

Former Zillow Execs Target $1.3T Market - Ad

One co-founded Zillow. The other sold his company to Zillow for $120M. Now they're transforming a $1.3T market via co-ownership. Pacaso's already earned $110M+ in gross profit and reserved the Nasdaq ticker PCSO.

RFK Jr. Champions 'Medical Freedom' While Curtailing Access, Say Public Health Experts

U.S. Health Secretary Robert F. Kennedy Jr. has championed "medical freedom" while simultaneously limiting access to COVID-19 vaccines and restricting food stamp purchases, creating what public health experts call a dichotomy in his approach to healthcare policy.

Analysis: An outline is emerging of the US offer to Iran in their high-stakes nuclear negotiations

DUBAI, United Arab Emirates (AP) — The outline of the U.S. offer to Iran in is starting to become clearer — but whether any deal is on the horizon remains as cloudy as ever.

A Trump Order Could Send This $7 Stock Soaring - Ad

An executive order from Trump could unleash a $1.2T robotics boom-impacting 65M lives and reshaping entire industries. And one $7 stock, already backed by Nvidia, FedEx, and Toyota, is perfectly positioned. The order could hit this August... or sooner.

North Korea plans to send military construction workers and deminers to Russia

SEOUL, South Korea (AP) — North Korea will send thousands of military construction workers and deminers to support reconstruction work in Russia’s Kursk region, a top Russian official said Tuesday, the latest sign of between the two nations.

Gen Z Feels Judged For Their Money Decisions And Half Faults Schools For Budget Blowups, Finds Poll

Gen Z struggles with money as 2/3 face criticism for spending and 50% blame schools. Parents help but long-term prospects look good for wealthiest generation ever.

Exposed: 3 Cent Crypto to Explode June 24th? - Ad

Chris Rowe, the man who spotted 44 different coins that have returned over 100%, is now making the biggest crypto call of his ENTIRE career.... Because a powerful crypto event will trigger on June 24th... Sending hundreds of tiny cryptos soaring 5X, 50X, even 100X -- in just days.

Embed-Chart-Mideast Wars-Oil Prices, ADVISORY

MIDEAST WARS-OIL PRICES — Chart. This AP digital embed chart tracks the price of Brent crude oil futures before and after the Israeli strike on Iranian sites early Friday local time. Oil prices spiked after the attack on Iran, a major oil producer. This chart is current as of June 13, 2025, and will not update. Source: FactSet.

London-bound Air India flight with more than 240 aboard crashes after takeoff from Ahmedabad, India

AHMEDABAD, India (AP) — Ahmedabad’s city police commissioner says there don’t appear to have been any survivors from an Air India airliner that crashed, and that there are likely also casualties from the area of the city where it went down.

Why BlackRock is Hoarding 6X More Bitcoin Than Miners Produce - Ad

A Bitcoin supply shock is building. Institutions and ETFs are buying faster than miners can keep up - creating a shortage most investors haven't noticed. If Bitcoin hits $300K, altcoins could explode 1,000%+. We wrote Crypto Revolution to help you prepare.

Lambda Legal, a nonprofit supporting LGBTQ+ rights, exceeded fundraising goal by $105M

NEW YORK (AP) — The nonprofit legal aid group Lambda Legal, which advocates for LGBTQ+ rights, has raised $285 million at a time when have again intensified

Nvidia chief calls AI ‘the greatest equalizer’ — but warns Europe risks falling behind

PARIS (AP) — Will save humanity — or destroy it? Lift up the world’s poorest — or tighten the grip of a tech elite?

A Better Hedge Than Gold? - Ad

While the whole world is piling into gold as a hedge... White House documents reveal Trump is betting big on a completely under-the-radar resource. This little-known resource is minting 1,600 millionaires every single day... And investors have a rare opportunity to take advantage before everyone else catches on.

Firms led by US military veterans deliver aid in Africa and Gaza, alarming humanitarian groups

ON A PLANE OVER UPPER NILE STATE, South Sudan (AP) — Swooping low over the banks of a Nile River tributary, an aid flight run by retired American military officers released a stream of food-stuffed sacks over a town emptied by fighting in , a country wracked .

Elon Musk Flexes SpaceX Advantage In Feud With Trump: 'We Have Got The Spaceships And They Do Not' — Gets Support From This Republican

Elon Musk's comments on forming a new political party amid his feud with President Trump have sparked a response from Rep. Thomas Massie, who expressed support for the idea by saying, "Count me in."

Elon Just EMBARRASED NASA (But This Is So Much Worse) - Ad

This is unbelievable... FalconSpaceX just rescued two astronauts after NASA left them stranded in space for months. But even more shocking? Elon Musk is being granted access to NASA as part of his DOGE initiative - and he's poised to expose a decades-old Apollo mission secret they've kept buried.

Israeli Strikes Kill 9 Iranian Scientists, Continuing Mossad's Decade-Long Targeting of Nuclear Program

Nine of Iran's leading nuclear scientists have been killed in a pre-emptive Israeli airstrike. This incident adds to the series of successful operations by Israel aimed at Iran's nuclear experts.

Disney Loses Legal Battle To Block Executive Justin Connolly's Move To Rival YouTube

Walt Disney lost its legal bid to block Justin Connolly from leaving the company to join YouTube, with a court ruling allowing Connolly to take on the role of global head of media and sports.

RFK Jr Prepping for Big Pharma BLIITZKRIEG? - Ad

RFK Jr just joined Trump's cabinet and wasted no time filing an executive order to overhaul American health. But what's coming next has Big Pharma terrified. RFK may expose their top secret-one that could save lives and cost them billions. That's why we're going public now.

What's Going On With Carvana Shares Today?

Carvana Inc. (NYSE: CVNA) shares are trading lower Friday following a wave of bearish options activity and a significant insider sale.

Nvidia's Plan to Dominate the World of Robotics ... - Ad

Robots just had a coming-out party in Las Vegas. From household helpers to rescue bots, they're now essential-not just novelties. Forbes says it's a $24T opportunity. And Nvidia's CEO says one $7 stock is key to building the world's first trillion-dollar robot.

Judge and lawmakers question the Trump administration's plan to gut Job Corps centers

Members of Congress and a federal judge are questioning plan to shut down Job Corps centers nationwide and halt a residential career training program for low-income youth that was established more than 50 years ago.

How high will Bitcoin go in 2025? - Ad

A new coin is emerging in the crypto bull market. Investing now could be like buying Bitcoin in 2013. Before it took off. Or scooping up Ethereum in 2017.. before it soared.

A judge tells federal agencies they can't enforce anti-trans bias policies against Catholic groups

BISMARCK, N.D. (AP) — Two federal agencies cannot punish Catholic employers and health care providers if they refuse for religious reasons to provide gender-affirming care to transgender patients or won't provide health insurance coverage for such care to their workers, a federal judge ruled Thursday.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright systemtrading.ca
Privacy Policy | Terms of Service