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Themes - DeepSeek, Kimi And AI Efficiency Paradigm Shift (Pt.2)

Themes - DeepSeek, Kimi And AI Efficiency Paradigm Shift (Pt.2)

Summary * DeepSeek has multifold lower opex and cluster costs than Western rivals,

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Disclaimer: We have a long position in the stock of the company mentioned in this report. This excludes the article tagged as "neutral" or "short" We may profit from an increase in the stock price. We have not received compensation from the company or its affiliates for this report. Our opinions and findings are our own, and we may update our analysis as new information becomes available.