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The emergence of Chinese start-up DeepSeek's artificial intelligence model has raised concerns about US companies' competitiveness, negatively impacting the utilities sector, which had been previously buoyed by increased demand from AI technologies. Analyst Anthony Crowdell notes that while the utilities sector was thriving due to its role in supporting data centers and energy needs, DeepSeek's arrival could dampen growth projections and contribute to high valuations in the sector.
Source: YAHOO