A frenzy over an artificial intelligence chatbot made by Chinese tech startup DeepSeek was upending stock markets Monday and fueling debates over the economic and geopolitical competition between the U.S. and China in developing AI technology .
A frenzy over an artificial intelligence chatbot made by Chinese tech startup DeepSeek was upending stock markets Monday and fueling debates over the economic and geopolitical competition between the U.S. and China in developing AI technology.
“They’re not using any innovations that are unknown or secret or anything like that," Rasgon said."These are things that everybody’s experimenting with.”The startup DeepSeek was founded in 2023 in Hangzhou, China and released its first AI large language model later that year. Its CEO Liang Wenfeng previously co-founded one of China's top hedge funds, High-Flyer, which focuses on AI-driven quantitative trading.
But it was a follow-up research paper published last week — on the same day as President Donald Trump's inauguration — that set in motion the panic that followed. That paper was about another DeepSeek AI model called R1 that showed advanced “reasoning” skills — such as the ability to rethink its approach to a math problem — and was significantly cheaper than a similar model sold by OpenAI called o1.
Andreessen, who has advised Trump on tech policy, has warned that overregulation of the AI industry by the U.S. government will hinder American companies and enable China to get ahead. “Trying to show that the export controls are futile or counterproductive is a really important goal of Chinese foreign policy right now,” Allen said.
Trump signed an order on his first day in office last week that said his administration would “identify and eliminate loopholes in existing export controls,” signaling that he is likely to continue and harden Biden’s approach.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
DeepSeek: Chinese AI Startup Challenges Silicon Valley with Open-Source InnovationDeepSeek, a year-old Chinese AI startup, has made waves with its cost-effective AI models that rival the performance of leading chatbots like OpenAI's ChatGPT. Its open-source approach and efficient models have sparked global attention and raised questions about the future of AI development, particularly in light of US export restrictions on advanced AI hardware.
Read more »
Chinese Startup DeepSeek Disrupts AI Landscape with Cost-Effective ModelsDeepSeek, a Chinese startup, has launched AI models that rival industry leaders in the US at a fraction of the cost, causing a stir in the global AI community. DeepSeek’s AI Assistant, powered by DeepSeek-V3, has surpassed ChatGPT on Apple’s App Store, raising questions about the US tech industry’s massive investment in AI.
Read more »
DeepSeek: Chinese AI Startup Shakes Up Tech IndustryDeepSeek, a newly launched Chinese AI startup, has released a free AI assistant that rivals OpenAI's ChatGPT in quality, reportedly at a fraction of the cost. This development has sent shockwaves through the tech industry, causing a selloff in US chipmakers like Nvidia and raising questions about the future of AI development.
Read more »
Chinese Startup DeepSeek Shakes Up AI with Cost-Effective ModelsA Chinese startup, DeepSeek, has released powerful new AI models trained at a fraction of the cost incurred by US tech giants. This development has sparked concerns about the US dominance in the AI sector and raised questions about the billions of dollars invested by companies like OpenAI, Meta, and Google.
Read more »
Chinese startup DeepSeek sinks AI tech stocks as little-known firm upstages Silicon Valley giantsDeepSeek’s large language models, built on cheaper, older equipment, have sparked investor worries about the dominance of U.S. AI players that are spending billions to build similar tech
Read more »
Chinese AI Startup DeepSeek Temporarily Halts Registrations After CyberattackDeepSeek, a Chinese startup, is temporarily halting registrations due to a cyberattack following the sudden popularity of its AI assistant. The AI assistant surged to become the top-rated free app on Apple's US App Store, leading to website outages that DeepSeek has since resolved. The incident highlights the escalating competition in the AI space and the rapid advancements being made by Chinese companies.
Read more »