Nilesh Jasani: Snap out of the DeepSeek delusion and invest big in basic research
Hardly any financial analyst globally has changed a single conclusion since DeepSeek revealed process innovations. Instead, justifications have been rolled out in support of previous conclusions. DeepSeek’s reinforcement of pre-existing biases has also been notable among commentators in India, many of whom still find it prudent to avoid foundational research—no longer because it is too…