DeepSeek, a generative AI app developed by a Chinese company, offers a cost-effective alternative to U.S.-based apps like ChatGPT and Google’s Gemini. The app cost less than $6 million to create and operates on less advanced processors than those used by American developers. While currently less sophisticated than its competitors, analysts suggest it has significant potential for improvement. The announcement of DeepSeek spurred financial repercussions in the U.S. tech market, notably affecting Nvidia, and led to a call for less regulation on AI development in light of perceived competitive threats.
Based on my tests and published reports, it's not yet as advanced as its American counterparts, but it's quite good, considering its cost and lack of heavy processing power.
News of the Chinese app caused a drop in the tech-heavy Nasdaq and a huge impact on chipmaker Nvidia, which initially lost $600 billion in market value.
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