Part 3/8:
Interestingly, R1 was birthed as a side project from a hedge fund, with a focus on creating long-term social value rather than corporate profit. The cost of developing R1 was a mere $10 million, marking a stark contrast to the traditional high expenditures associated with leading AI development. As this shift becomes apparent, Wall Street is experiencing anxiety, particularly with Nvidia stock bracing for tumultuous declines in the wake of this revelation.