Chinese AI App DeepSeek Soars in Popularity, Startling Rivals

image via WIRED

January 27, 2025, 5:05 PM

• •Chinese startup DeepSeek's AI assistant became the number one most-downloaded app in Apple's US App Store over the weekend, sending shock waves through Silicon Valley and causing the price of major tech stocks to plummet.
• •DeepSeek's R1 model rivals the current industry leader: OpenAI's 01.
• •DeepSeek claimed to have built its model using only a small fraction of the specialized computer chips that AI companies typically need to develop cutting-edge systems.

Chinese AI startup DeepSeek's app became the number one most-downloaded app in Apple's US App Store over the weekend, sending shock waves through Silicon Valley and causing the price of major tech stocks to plummet. Nvidia saw more than $460 billion erased from its market capitalization on Monday, a drop Bloomberg characterized as the “biggest in US stock market history.”

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