What is DeepSeek and How Does it Compete with ChatGPT?

Highlights

  • DeepSeek, a Chinese AI startup, has rapidly climbed to the top of the U.S. App Store with its innovative chatbot.
  • Developed at a fraction of the cost of competitors like ChatGPT, DeepSeek’s success is shaking up the tech industry.
  • Despite its impressive capabilities, concerns about censorship and data sourcing have emerged
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What is Deepseek
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Artificial Intelligence (AI) is undergoing a significant shift due to a major development: A Chinese AI organization, DeepSeek has emerged as a leading new player. It caused a commotion with its chatbot, which is currently the most downloaded free app on the US App Store in Apple.

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What is DeepSeek? Everything You Need to Know

DeepSeek, founded in 2023 by Liang Wenfeng, a former hedge fund manager, has achieved significant success despite facing financial constraints. US tech companies like OpenAI have heavily invested in their artificial intelligence models, whereas DeepSeek developed its chatbot for a relatively modest $6 million, a substantially lower outlay.

What is DeepSeek
Image Credits: Reuters

DeepSeek’s success can be attributed to its innovative hardware approach. Despite US restrictions on exporting high-tech chips to China, the company was able to train its AI efficiently by utilizing a combination of available hardware.

An unforeseen rise has resulted in a considerable effect on the technology industry. Nvidia, a notable supplier of AI processors, experienced a considerable drop in its stock value as a result of concerns that DeepSeek’s cost-effective methods may disrupt the existing AI domain.

A comparison between DeepSeek’s chatbot and OpenAI’s ChatGPT shows they have comparable features, including coding support and content creation. DeepSeek’s model is available at no charge, which could make it more attractive to a broader audience.

DeepSeek’s chatbot has faced criticism for evading sensitive topics, a move that aligns with China’s government policies on censorship. DeepSeek’s rapid ascent highlights the fact that innovation can emerge from unexpected places, encouraging experienced tech leaders to reevaluate their strategies in the AI arena.

Via: Reuters, New York Post, Business Insider

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