Jan.28 (DPnet).– A surprisingly powerful and efficient Chinese AI model created a year ago has overtaken the tech sector by storm. It is known as DeepSeek R1. This is a breakthrough AI product of a startup business that has somehow managed a market commotion that famed tech investor Marc Andreessen has called “AI’s Sputnik moment”: R1 can nearly match the capabilities of its far more famous rivals, including OpenAI’s GPT-4, Meta’s Llama and Google’s Gemini — but at a fraction of the cost.

On Monday, DeepSeek, a tiny company that reportedly employs no more than 200 people, caused American chipmaker Nvidia to have almost $600bn wiped off its market value – the biggest drop in US stock market history.  The startup was founded in 2023 in Hangzhou, China, by Liang Wenfeng, who previously co-founded one of China's top hedge funds, High-Flyer.

Davos, Jan.22 (DPnet).– Some of the largest firms in the world set up temporary meeting and event rooms for a week in cafes, stores, and restaurants. Their branding frequently reveals what corporate executives are thinking about. 

It’s no surprise, then, that artificial intelligence dominated the space this year, given the boom in this technology. This has propelled firms to capitalize on AI interest—especially from businesses. A poll from consultancy Accenture out on Monday revealed that 58% of executives expect generative AI solutions to be adopted at scale within the organization in 2025.

This year's World Economic Forum meeting in Davos, Switzerland, had the theme "Collaboration for the Intelligent Age," uniting world leaders to discuss a variety of topics. Workday, Intel, and Salesforce IT executives provided information about their most recent artificial intelligence products during the event.