ARTICLE · 13 FEBRUARY 2025
DeepSeek: Disrupting The AI Industry
Over the last week, a new artificial intelligence ("AI") technology, operated by the Chinese firm, DeepSeek-R1 ("DeepSeek"), has disrupted the AI industry triggering a decline in stock prices.
Over the last week, a new artificial intelligence
("AI") technology, operated by the
Chinese firm, DeepSeek-R1 ("DeepSeek"),
has disrupted the AI industry triggering a decline in stock prices
for major AI firms. DeepSeek's claim that it developed its R1
model at one fraction of the cost of other AI models like
OpenAI's ChatGPT by reducing the amount of computational time
and memory requirements triggered the decline. Another key feature
of DeepSeek that will likely drive innovation and competition in
the AI industry is its open-source nature, allowing anyone to
freely access, utilise and further develop the DeepSeek
technology.
Some of DeepSeek's main use cases include:
- Simple tasks such as creative writing, answering user queries,
editing text, and summarising concepts;
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