Chinese AI company DeepSeek has made waves by launching its advanced large language model (LLM), DeepSeek-V3. Founded in 2023 and based in Hangzhou, Zhejiang, the company has quickly become a key player in the global AI industry under CEO Liang Wenfeng.
DeepSeek focuses on creating open-source AI, and its latest model rivals top players like GPT-4o and Claude 3.5 Sonnet at much lower costs. By offering advanced technology affordably, the company is opening doors for startups, researchers, and innovators worldwide.
Efficient Innovation
DeepSeek-V3 was created in just 55 days for under $6 million, far less than the $100-150 million usually spent by AI giants like OpenAI and Google. Despite U.S. sanctions limiting access to advanced Nvidia chips, DeepSeek innovatively used 2,048 Nvidia H800 chips to overcome these challenges.
How It Works
The model uses a unique “Mixture-of-Experts” design. While it has 671 billion parameters, only 37 billion are activated for each task. This makes the model highly efficient, reducing computing needs without sacrificing performance. It excels in tasks like solving complex math problems and generating code.
Global Impact
DeepSeek-V3 is already shaking up the tech world. By January 27, 2025, the company’s AI Assistant became the most-downloaded free app on the U.S. iOS App Store, surpassing ChatGPT. The news caused Nvidia’s stock to drop by 18%. Many are calling this a “Sputnik moment” for AI, highlighting the global significance of DeepSeek’s success.
Open for All
DeepSeek has made its chatbot open-source, allowing developers everywhere to use, modify, and improve its code. This move could lead to faster progress in AI development across industries.
DeepSeek’s rapid rise shows how smart strategies and resourceful solutions can challenge even the biggest players. The company’s groundbreaking AI development is setting new standards and inspiring a fresh wave of innovation in the global tech world.
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