DeepSeek limits model access due to overwhelming server demand
Briefly

DeepSeek, an emerging AI startup, is facing challenges due to a surge in popularity following the launch of its R1 model on January 20. To manage overwhelming demand, the company has temporarily restricted API service recharges, allowing only existing balances to be utilized. This decision comes amid significant market reactions, including a loss of $1 trillion in tech stocks after DeepSeek's success. Additionally, DeepSeek announced an increase in pricing for its chat model, further indicating its rapid growth in the competitive AI landscape.
"Due to current server resource constraints, we have temporarily suspended API service recharges to prevent any potential impact on your operations," DeepSeek said.
DeepSeek has been dealing with overwhelming demand for its services since the debut of its R1 model on January 20.
Read at Engadget
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