1149 ET - Celestica executives think that DeepSeek's AI may even have a positive effect on its business after the low-cost Chinese AI sent shock waves across the sector earlier in the week. On the earnings call, Celestica execs say that "we believe this new technology has a neutral to positive impact on Celestica's business over the next few years." The company cautioned that it is still analyzing the DeepSeek disclosures, but the executives say that Celestica's own AI business remains well-positioned to ramp up this year and next "regardless of advancements in general purpose large language models." The company reinforced its confidence with upgraded revenue and earnings expectations for 2025. (adriano.marchese@wsj.com)
(END) Dow Jones Newswires
January 30, 2025 11:49 ET (16:49 GMT)
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