DeepSeek, a Chinese startup, has made waves with its affordable and powerful chatbot, raising concerns on Wall Street. Founded by a former hedge fund whiz-kid, Liang Wenfeng, DeepSeek's success challenges the dominance of US tech giants and highlights China's capabilities in the AI field.
Chinese startup DeepSeek, which has sparked panic on Wall Street with its powerful new chatbot developed at a fraction of the cost of its competitors, was founded by a hedgefund whizz-kid who believes AI can change the world.
DeepSeek has won plaudits for its cost-effectiveness and praise in China for its seeming ability to navigate US sanctions that have aimed to prevent access to the high-tech chips needed to power the AI revolution. He spent years trying to work out how to apply AI to a number of different fields, according to an interview with Chinese investment news outlet Waves last year.
Associates told Waves he is"not at all like a boss and much more like a geek", with a"terrifying ability to learn". US President Donald Trump said it was a"wake-up call" for Silicon Valley, and tech investor and ally Marc Andreessen declared it was"AI's Sputnik moment".
AI CHINA TECHNOLOGY COMPETITION SANCTIONS
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