DeepSeek, a Chinese artificial intelligence (AI) company, has recently made significant waves in the tech industry with the release of its latest model, DeepSeek V3. This open-source large language model not only surpasses many existing open-source models but also rivals top proprietary models, especially in coding and mathematics. citeturn0search1
Founded in 2023 by Liang Wenfeng, who also leads the prominent Chinese quantitative hedge fund High-Flyer, DeepSeek has rapidly emerged as a formidable player in the AI sector. The company focuses on foundational AI technologies and has committed to open-sourcing all its models, distinguishing itself from competitors who often keep their models proprietary. citeturn0search21
The release of DeepSeek V3 has had a profound impact on global financial markets. The model's efficiency and performance have raised concerns among investors about the future profitability of established tech giants. As a result, major technology stocks, including Nvidia, Microsoft, and Alphabet, experienced significant declines. The Nasdaq 100 index dropped by approximately 3%, with Nvidia's stock falling by 11%. citeturn0news16
DeepSeek's success is particularly noteworthy given its cost-effective approach to AI development. The company developed its models with a budget of under $6 million, utilizing only 10,000 NVIDIA chips. This contrasts sharply with companies like OpenAI, which spend over $5 billion annually on similar projects. Analysts believe DeepSeek's efficient methods could pressure other AI firms to justify their escalating capital expenditures. citeturn0news13
In summary, DeepSeek's innovative approach and the release of its V3 model have not only advanced AI technology but also disrupted global financial markets, challenging the dominance of established tech companies and prompting a reevaluation of investment strategies in the AI sector.
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