DeepSeek, a prominent Chinese AI firm, has been generating significant interest within the technology sector. Below is an overview of the recent developments surrounding this groundbreaking company.
Highlights
Background and Founding
DeepSeek was established in 2023 in Hangzhou, China by Liang Wenfeng, who previously co-founded the Chinese hedge fund High-Flyer. Founded in 2016, High-Flyer concentrates on AI-driven quantitative trading and has become a crucial entity in the financial industry.
Technological Achievements
DeepSeek has introduced open-source large language models (LLMs) capable of reasoning tasks at a level that competes with ChatGPT, but at a fraction of the cost and using fewer resources. This milestone is particularly significant in light of U.S. sanctions aimed at limiting China’s access to Nvidia chips, which were designed to hinder the development of advanced AI technologies in the country.
Market Impact
On January 10, 2025, DeepSeek launched its inaugural free chatbot app, which quickly became the most downloaded free application on the iOS App Store in the United States, outpacing ChatGPT. This achievement resulted in Nvidia’s share price experiencing an 18% decline. DeepSeek’s swift ascent has been described as revolutionising AI and signalling the onset of a worldwide AI competition.
Open-Source Model
A fundamental principle of DeepSeek is its dedication to open-source technology. The company has made its generative artificial intelligence chatbot available for public use, enabling individuals to utilise, modify, and review the underlying code. This includes access to source code and design documentation, facilitating various development efforts.
Hiring and Research Focus
DeepSeek actively seeks out young AI researchers from leading Chinese universities while also employing talent from outside the computer science discipline to enrich its models’ expertise and capabilities. This strategy enhances the company’s technology, allowing it to explore diverse topics, including poetry generation and excelling on rigorous Chinese college entrance examinations.
Controversies and Debates
DeepSeek has faced scrutiny regarding allegations that it utilised OpenAI’s models to train its own AI systems. This situation has prompted investigations and raised discussions around the ethical and legal considerations of such practices.
Future of AI and Global Competition
The emergence of DeepSeek has ignited discussions in the U.S. about the strategies needed to compete with China in the AI landscape. Experts, including Ion Stoica, a Professor of Computer Science at UC Berkeley, advocate for an approach that emphasises a commitment to open-source development and accelerates innovation.
DeepSeek, a prominent Chinese AI firm, has been generating significant interest within the technology sector. Below is an overview of the recent developments surrounding this groundbreaking company.
