DeepSeek: Everything you need to know about the AI chatbot app | TechCrunch
Briefly

DeepSeek, a Chinese AI lab, has surged in popularity, topping app store charts after its chatbot release. Created by High-Flyer Capital Management, a hedge fund focused on AI-driven trading, DeepSeek transitioned to research and development in AI tools independent of finance in 2023. Despite facing challenges like U.S. export bans impacting hardware acquisition, DeepSeek's innovative model training strategies and recruitment of top researchers have solidified its position in the competitive AI landscape, prompting discussions about the future of AI technology and the demand for chips.
DeepSeek's rapid rise to prominence showcases the transformative potential of AI, propelled further by its strategic backing from a quantitative hedge fund and innovative model training.
The success of DeepSeek raises important questions about the future of AI competition globally, particularly regarding the sustainability of AI chip demand amidst evolving trade restrictions.
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