What is China’s New Artificial Intelligence Startup DeepSeek AI? Know all about it!

An Overview of DeepSeek AI

The Western media and Tech Giants like NVidia have been talking about the intuitive AI Chatbots released by the Chinese Startup DeepSeek. The makers and founders have claimed it is a faster, more reliable and most importantly, CHEAPER AI model. Their claims have not substantiated yet, but just their claims have cause a meltdown in the Share Market and companies like NVidia have already Billions of dollars in their market cap.

DeepSeek, an AI Startup founded in 2023 in China’s Zhejiang has recently become one of the hottest topics in the tech market. It is an open-source AI model that has been lauded for its performance and accessibility. The DeepSeek-R1model can be shown as a true achievement of the Chinese startup. In the coming years, transparency in technology is going to be one of the strongest selling for any company. DeepSeek is focusing on its Open-Source model because of this particular reason. They have claimed that their technology i.e., the R1 AI model is one of the most democratizing software systems in the world right now.

DeepSeek AI Chatbots vs. OpenAI’s ChatGPT

Everyone has been comparing DeepSeek's chatbots to OpenAI's ChatGPT in the past ten days or so. the comparison is valid, but as ChatGPT has already reached billions of households, DeepSeek is still in its nascent stages. You might also compare it with other AI tools like Meta and Gemini, but they have also captured a large chunk of the internet market before DeepSeek was making waves in the tech industry. Here are some of the key distinctions:

• Open-Source Approach: DeepSeek has adopted an open-source strategy, allowing developers and researchers to access and build upon its models. This contrasts with OpenAI's more proprietary approach, potentially fostering greater innovation within the AI community.
• Performance: In evaluations, DeepSeek-R1 has demonstrated strong performance, particularly in structured reasoning tasks such as mathematics and coding. This positions it as a competitive alternative to ChatGPT in specific applications.

Reactions from OpenAI’s Leadership

Following a massive tech sector downturn that saw over $1 trillion wiped from the market, Sam Altman, the CEO of OpenAI, delivered a somewhat mixed response regarding DeepSeek AI’s rise. On one hand, he acknowledged the impressive capabilities of DeepSeek’s AI models, but on the other, he made it clear that OpenAI intends to maintain its dominance in the industry.

"DeepSeek’s R1 is an impressive model, particularly around what they're able to deliver for the price," Altman tweeted on Monday evening. "We will obviously deliver much better models and also it's legit invigorating to have a new competitor!"

Despite DeepSeek’s focus on reducing computing costs, Altman reaffirmed OpenAI’s commitment to pushing the boundaries of AI research, doubling down on the necessity of high computational power.

"But mostly we are excited to continue to execute on our research roadmap and believe more compute is more important now than ever before to succeed at our mission," he added, likely aiming to reassure investors concerned about OpenAI’s escalating expenses.

He concluded by emphasizing the growing demand for AI, hinting at groundbreaking advancements in OpenAI’s upcoming models. "The world is going to want to use a LOT of AI, and really be quite amazed by the next-gen models coming," Altman stated.

Pros and Cons of DeepSeek AI Chatbots

Innovations in the tech industry may surprise or shock many agency experts but the fact remains any new iteration of Artificial Intelligence is seen with suspicion until it is accepted by these tech giants. DeepSeek is also facing backlash as it still in its nascent stages. But one thing is for sure, it has changed the market in just a matter of weeks. Here are some pros and cons associated with it:

Summary

DeepSeek’s commitment to open-source development and cost-effective solutions positions it as a significant player to watch. DeepSeek is surely going to pave way for the Asian AI market as it has already proved to be a threat to the world’s biggest tech companies. Gaining more and more headlines as it grows in different countries, DeepSeek is a game-changing startup that can prove to be the world’s first REAL Competitor for OpenAI’s ChatGPT model.