Tuya Smart, a cloud platform service provider focusing on smart solutions, saw its stock prices surge in both Hong Kong and the U.S. markets. Hong Kong shares skyrocketed by 230% to a record high, while U.S. shares rose by 7.6% in pre-market trading.
The company’s recent technological breakthrough, the DeepSeek initiative, has made waves in the industry. Using knowledge distillation technology, DeepSeek efficiently migrates large AI models to lightweight models at a lower training cost. This advancement is seen as a game-changer in bringing AI technology from the cloud to terminal devices, making it easier for smart products in the consumer electronics and IoT sectors to incorporate intelligent upgrades.
Tianfeng Securities highlighted the open-source model of DeepSeek, which has attracted significant attention in the market. By utilizing techniques like reinforcement learning, DeepSeek enables low-cost and efficient AI model inference, accelerating the adoption of AI technology in various industries.
Overall, Tuya Smart’s stock performance and technological advancements have positioned the company as a leader in the AI and smart solutions market. With its innovative DeepSeek initiative, Tuya Smart is set to revolutionize the way AI technology is integrated into everyday products, driving further growth and success for the company in the future.
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