Well, China rattled investors in AI with its DeepSeek model. NASDAQ futures were down over 800 points at one point I saw on Monday, and of course this is surely do to short-selling by hedge funds. But you don’t short a market that’s not at least a bit over-bought, meaning that a lot of Street professionals thought there was a good chance that AI was over-hyped. That may be why there’s a move afoot to transition from “generative AI” stories to “agentic” and “inference” AI. Th...
