Wow, crazy times, the best technology in the world is now becoming incredibly cheap and accessible to everyone! 🤯

DeepSeek's AI chatbot has become the top free app on Apple's store since its January launch. This rapid success, fuelled by DeepSeek's cost-effectiveness compared to US competitors, has sent shockwaves through financial markets.

Venture capitalist Marc Andreessen has lauded DeepSeek's AI as a "groundbreaking achievement," while the company claims it's models rival industry leaders like ChatGPT at a fraction of the cost. DeepSeek reportedly invested only $6 million in its development, a stark contrast to the billions spent by US AI companies.

Links

• DeepSeek Homepage

• What is DeepSeek? Everything you need to know about the new ChatGPT rival that's taken the App Store by storm

• DeepSeek just flipped the AI script in favor of open source – and the irony for OpenAI and Anthropic is brutal

• Is Deepseek really that good?

Overview

 

Nvidia sheds more than $600bn in value as DeepSeek sparks market rout

• https://www.ft.com/content/674758d7-ffdf-4b88-bb73-f539b56ac4b1
• https://www.bloomberg.com/news/articles/2025-01-27/asml-sinks-as-china-ai-startup-triggers-panic-in-tech-stocks

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