DeepSeek – a new Generative AI from China that is challenging ChatGPT and America
DeepSeek is a Chinese AI startup founded in 2023 as a spin of the hedge fund High-Flyer. DeepSeek’s AI is causing shockwaves in the AI community because of the speed at which it has developed, and it appears to have developed models that rival or exceed the performance of established industry leaders like OpenAI and Google but at a fraction of the cost. Its latest breakthrough, DeepSeek-R1, is a ‘reasoning model’ akin to ChatGPT o1 (the latest model released by OpenAI).