DeepSeek live updates - China's AI platform creates shockwaves throughout the industry
DeepSeek live updates - China's AI platform creates shockwaves throughout the industry
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DeepSeek - a Chinese AI platform - was unveiled to the world on Monday, 27 January, sparking chaos in the AI sector. US tech firms, which have spent billions on creating the next-gen AI platform such as OpenAI, were sent into a panic after the emergence of the platform which cost a mere $6m of its US counterpart.
Nvidia - a global leader in the manufacturing of semiconductors - saw almost $600bn wiped off it’s market value after the announcement of DeepSeek, which does not need chips to operate. Similarly, the likes of Meta also lost market value. OpenAI chief Sam Altman described DeepSeek as “impressive” but vowed that his platform will “obviously deliver much better models”.
He posted on X: "DeepSeek's r1 is an impressive model, particularly around what they're able to deliver for the price. “We will obviously deliver much better models and also it’s legit invigorating to have a new competitor. We will pull up some releases.
“But mostly we are excited to continue to execute on our research roadmap and believe more compute is more important now than ever before to succeed at our mission.”. Such has been the impact of DeepSeek in the past 24 hours that the newly inaugurated president Donald Trump has waded in, stating that it should be a “wake up call” to the US tech industry.
