About our DeepSeek news
Latest news on DeepSeek, China's breakthrough AI chatbot and open-source model that's challenging Silicon Valley giants with efficient, cost-effective artificial intelligence.
DeepSeek, developed by Hangzhou DeepSeek Artificial Intelligence Co., Ltd. and launched in 2023, has emerged as a significant player in the global AI landscape. The company's latest model, DeepSeek-V3, achieved comparable performance to leading models like GPT-4 and Claude 3.5 Sonnet while using significantly fewer resources, requiring only about 2,000 specialised computer chips and costing approximately US$5.58 million to train.
The company's mobile app has recently surpassed ChatGPT as the most-downloaded free app on the iOS App Store in the United States, triggering significant market reactions. On 27 January 2025, this development caused major technology stocks to plummet, with Nvidia experiencing an 18% drop in share price and other tech giants like Microsoft, Google, and ASML seeing substantial declines.
DeepSeek's success story is particularly notable for its emphasis on efficiency and innovation. The company actively recruits young AI researchers from top Chinese universities and uniquely hires individuals from outside the computer science field to enhance its models' knowledge across various domains. This approach has enabled the company to develop models that excel in tasks ranging from mathematical reasoning to creative writing.
Founded by AI enthusiast and hedge fund manager Liang Wenfeng, DeepSeek's journey began as part of High-Flyer, a hedge fund that exclusively used AI for trading by 2021. The company strategically acquired a substantial number of Nvidia chips before US export restrictions were implemented, demonstrating foresight in navigating geopolitical challenges in AI development.
Stay informed about DeepSeek's latest developments through our NewsNow feed, which provides comprehensive coverage from reliable sources worldwide. As the company continues to challenge established players and potentially reshape the global AI landscape, our feed offers crucial insights into this rapidly evolving story, from technical breakthroughs to market impacts and regulatory developments.