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Topic: Science and Technology. Reuters: Dado Ruvic. Depending on the location, inventing a new AI might even be cheaper and faster than breaking into the property market. There are reasons to believe that DeepSeek's creator, a Chinese company by the same name, has exaggerated its thriftiness β more on that shortly β but ignoring the global freak-out it's triggered would be a mistake.
DeepSeek rocketed to number one in app stores on the weekend and wiped more than half a trillion US dollars off the world's largest company and leading AI chip supplier, Nvidia, in Monday trading. It was a public routing of the world's hitherto unshakable confidence in Silicon Valley's best labs, which have always insisted that the only path to a shining AI future is paved with as many expensive computer chips as possible.
DeepSeek now appears to have debunked one of the tech world's holiest scriptures, achieving similar success with far fewer and far older chips. And unlike Bannister, DeepSeek has handily published most of an instruction manual on the internet.
Some though not all of DeepSeek's code and technical explanation is open source, meaning it can be viewed, downloaded and used by anyone. As for exactly what DeepSeek has done, some of the claims are shaky or yet to be thoroughly tested. DeepSeek's success spooked investors. The US government introduced export restrictions for Chinese companies on the best AI chips, known as GPUs, in , but she points out that DeepSeek's founder had reportedly been stockpiling them prior to the ban.
So DeepSeek's engineers didn't knock their chatbot prodigy together during a lunch break, but that doesn't diminish the feat for Professor Walsh. It's an unwelcome shock for America's AI leaders, and a state of affairs that analysts believe will provoke a response. If anything, experts believe the US government is likely to redouble its efforts. In short, brace yourself for AI development to move even faster β and sometimes at the hands of unfamiliar players.