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Why is Chinese AI startup DeepSeek shaking up the tech world?

3 hours ago 25

(241025) -- BEIJING, Oct. 25, 2024 (Xinhua) -- A humanoid robot takes selfies with a visitor at the 7th World Voice Expo in Hefei, east China's Anhui Province, Oct. 24, 2024. The 7th World Voice Expo and the iFlytek 1024 Global Developer Festival kicked off here on Thursday. The latest achievements and applications of AI technology will be on display at the four-day event. (Xinhua/Fu Tian)

By Aidoghie Paulinus

The artificial intelligence (AI) community is abuzz with excitement over DeepSeek-R1, a new open-source model developed by the Chinese startup DeepSeek.

According to DeepSeek, in tasks such as mathematics, coding and natural language reasoning, the performance of this model is comparable to the leading models from heavyweights like OpenAI but only at a fraction of the cash and computing power of its competitors.

Here’s what DeepSeek has done and why it is sending shockwaves through the AI industry.

WHAT IS DEEPSEEK?

Officially known as DeepSeek Artificial Intelligence Fundamental Technology Research Co., Ltd., the firm was founded in July 2023. As an innovative technology startup, DeepSeek is dedicated to developing cutting-edge large language models (LLMs) and related technologies.

Since its first model “DeepSeek LLM” released in January last year, the company has undergone multiple rounds of iteration. In December, the startup launched its open-source LLM “V3”, which overtook all of Meta’s open-source LLMs and rivaled OpenAI’s closed-source GPT4-o, according to U.S. media reports.

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