DeepSeek Disrupts AI Industry with Low-Cost Chinese Chatbot
DeepSeek, a new Chinese AI app, has quickly overtaken ChatGPT to become the top-rated free app on Apple’s App Store in the US, UK, and China. Launched in January, the app is powered by the DeepSeek-V3 model, developed for less than $6 million—much cheaper than its rivals.
The app’s performance in tasks like coding and math has drawn comparisons to OpenAI’s latest models. Despite U.S. restrictions on advanced chips to China, Chinese developers have found cost-effective ways to create powerful AI models, shaking up the industry.
The rise of low-cost Chinese AI is causing concern in the West, with shares of U.S. companies like Nvidia and Microsoft dropping. DeepSeek, founded in 2023 by Liang Wenfeng, has made waves with its efficient, affordable AI technology.
Source: BBC