What about DeepSeek R1 ?

This panel discussion on the "Quant Financial Engineering Podcast" centers on DeepSeek R1, a new open-source AI model. The podcast introduces DeepSeek R1, highlighting its significantly reduced computational needs compared to closed-source models like those from OpenAI, making advanced AI more accessible to smaller businesses. The discussion then explores the implications for various industries, including cost savings in AI development and the potential impact on semiconductor companies like Nvidia. Specific examples include a project classifying SEC 8-K filings, where DeepSeek R1 offers a cost reduction from approximately $300 to $10. The panelists also discuss the technical aspects of DeepSeek R1, such as its parameter selection process and the use of distillation for model optimization.