America is home to all of the top ten AI companies, yet a previously unknown Chinese AI model called DeepSeek crash landed onto the scene last week, soaring to the top of the App Store and sending US tech stocks spiralling.
V3 can have conversations, solve complex maths problems, write advanced code and generate poetry just as capably as its competitors, like OpenAI’s ChatGPT, while R1 is a reasoning model, which works through complex problems step by step.
DeepSeek’s engineering team claim that they only needed around $6 million and two months to train the AI model.
The company Nvidia, which develops chips and software which power AI, shed nearly $600bn in market value, losing its standing as the world’s most valuable company.
This is peanuts in the tech world: Meta recently spent around 10 times that figure building its latest AI technology.
