Reported 2 days ago
DeepSeek, a Chinese AI startup founded in late 2023, has gained significant attention with its innovative AI model, DeepSeek R1, which rivals leading competitors like OpenAI and Google at a fraction of the cost. Developed under the leadership of Liang Wenfeng, the company has claimed to achieve powerful AI capabilities using relatively low-cost resources despite U.S. efforts to restrict high-power AI chip supplies to China. The surge in DeepSeek's popularity, underscored by nearly 2 million app downloads, has stirred concerns on Wall Street, challenging America's dominant position in the tech sector.
Source: YAHOO