IN 2023, a start-up in China called DeepSeek Artificial Intelligence Co., Ltd., the company behind DeepSeek, was founded. It isn’t a tech guru who founded DeepSeek Artificial Intelligence Co., Ltd., but rather a Hangzhou, Zhejiang-based hedge fund manager Liang Wenfeng. The company It is funded by the Chinese hedge fund High-Flyer.
In late 2024, DeepSeek slowly opened itself to the market and it so far has surpassed but in January of this year, released its chatbot and is now the most downloaded free AI app in the US and possibly globally. The Chinese AI provider has not only disrupted the AI landscape but also sent shockwaves through global markets, particularly impacting major technology stocks. Its introduction has caused a major drop is shares for other open source AI platforms.
In a report that appeared in BBC, the shares of Nvidia sank 17 percent. This sell off led the Nasdaq down 3 percent and the S&P 500 down 1.8 percent. The release of OpenAI’s ChatGPT in late 2022 sparked an AI boom and the group of tech companies called the ‘Magnificent Seven’—Apple, Microsoft, Amazon, Alphabet (Google), Tesla, Meta (Facebook) and Nvidia cashed in on the boom.
Deepseek’s advanced AI system is built on state-of-the-art natural language processing (NLP) and machine learning technologies, enabling it to understand and respond to human language with remarkable accuracy and depth.
The Chinese made AI platform, built allegedly by its’ founder buying and collecting Nvidia H100 GPUs for over a year, is more than just a conversational AI; it is a versatile tool capable of assisting users in diverse domains, including education, research, content creation, programming, and everyday problem-solving. Whether it’s answering complex questions, generating creative content, or providing technical support, DeepSeek excels in delivering reliable and contextually relevant information.
One of DeepSeek’s defining features is its ability to adapt to user needs. It can tailor its responses based on the tone, style, and depth of information required, making it equally useful for casual inquiries and professional tasks. Its vast knowledge base, continuously updated and refined, ensures that users receive up-to-date and accurate information across a multitude of topics.
DeepSeek’s development is a commitment to ethical AI practices, according to a Business Insider report. It is designed to prioritize user privacy, data security, and transparency, ensuring that interactions remain safe and trustworthy. By leveraging advanced algorithms and ethical guidelines, it is targeted to reduce as much Ai issues such as hallucination because of the way the platform processes information.