DeepSeek has turned the tech world upside down. The low-cost, tiny Chinese company has developed AI chatbots at just a fraction of the cost of the major players in the industry. |
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.
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