Alphabet praises DeepSeek, but it’s massively ramping up its AI spending | TechCrunch

Booming AI budgets seemed at risk last week when DeepSeek crashed Nvidia’s stock based on speculation that its cheaper AI models would lower demand for AI chips and data centers.

Alphabet CEO Sundar Pichai has certainly noticed the Chinese AI company, praising its work as “tremendous” in Alphabet’s latest earnings call (while adding that some of Gemini’s models are just as efficient).

But just like Meta, Alphabet isn’t throwing down the towel in Big Tech’s AI…