DeepSeek, a Chinese artificial intelligence startup, announced that it would temporarily limit user registrations due to large-scale malicious attacks on its services. Existing users will still be able to log in as usual. The company has gained significant attention recently as a rival to OpenAI’s ChatGPT and Google’s Gemini. DeepSeek recently overtook ChatGPT as the most downloaded free app on the Apple App Store, causing a selloff in global tech stocks.
Founded in 2023, DeepSeek released its R1 model last week, focusing on large language models and reaching artificial general intelligence (AGI). The hype surrounding DeepSeek has spread to tech analysts, investors, and developers, highlighting the increasing competition in the generative AI arms race with a market predicted to exceed $1 trillion in revenue within a decade.
Despite challenges such as restrictions on chip exports to China, DeepSeek’s R1 model has garnered attention for its performance and reasoning capabilities, leading to questions about the necessity of astronomical funding rounds and billion-dollar valuations in the AI industry. The model was developed at a fraction of the cost of rival models, sparking debates on whether the industry is in a bubble that could burst.
Overall, the emergence of DeepSeek and its R1 model has shaken up the AI landscape, prompting discussions about the future direction of the industry, the pursuit of AGI, and the impact of rapidly advancing technology on global markets and economies.
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