DeepSeek, a Chinese artificial intelligence startup, has developed a model that can apparently answer questions as well as any chatbot in the US. It might even help answer a long-running question on Wall Street without being asked.

For many years, so-called quality stocks in the US, which are essentially shares of the most highly profitable companies, have been among the best performing investments. The MSCI USA Quality Index has returned an enviable 15% a year since 2015, including dividends, nearly 2 percentage points a year better than the S&P 500 Index.

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