Chinese AI Startup Dethrones ChatGPT: The $5.6M David Takes Down Goliath
In a stunning development that's shaking up the AI industry, Chinese startup DeepSeek has knocked ChatGPT off its perch as the most-downloaded free app on Apple's App Store. Founded just last year, DeepSeek has accomplished what seemed impossible - developing a competitive AI model for just $5.6 million, less than 10% of the cost of Meta's Llama.
This achievement sent tech stocks tumbling, with AI chip giant Nvidia falling 17% and the Nasdaq dropping more than 3%. The success of DeepSeek's open-source model, built despite U.S. chip export restrictions, raises serious questions about the necessity of massive AI funding rounds and billion-dollar valuations. As tech giants scramble to respond, with Meta reportedly launching four DeepSeek-related "war rooms," this David versus Goliath story could reshape the future of AI development.
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