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"Chinese startup DeepSeek rocks the AI industry"
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"DeepSeek has gained popularity since its launch in January, challenging the notion that America is the leader of the AI industry. The app is powered by the open-source DeepSeek-V3 model, which was developed for less than $6m. This has led to concerns among US-based AI firms, as DeepSeek's cost-effective approach could potentially disrupt the industry. The company was founded by Liang Wenfeng, a 40-year-old information and electronic engineering graduate, who built up a store of Nvidia A100 chips and paired them with cheaper, lower-end chips to launch the app."
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