From https://www.standard.co.uk/news/tech/deepseek-chatgpt-compare-china-ai-iphone-app-b1207327.html
Title : What is DeepSeek and how does it compare to ChatGPT? Chinese AI climbs to top of iPhone app chart
By : Saqib Shah , The London Standard , 28 Jan 2025
... The emergence of DeepSeek, a Chinese AI that can allegedly go toe-to-toe with US giant ChatGPT, has rattled global markets.
On Monday, US stock indices took a nosedive as jittery investors dumped tech stocks, spooked by fears that AI development costs had spiralled out of control. The sell-off sparked a trillion-dollar wipeout, according to Bloomberg, hitting US and European chipmakers, AI companies, and energy firms the hardest.
AI powerhouse Nvidia saw around $400bn (£321bn) wiped from its market value, while tech titans Meta, Google, and Microsoft also took significant hits...
DeepSeek’s AI looks and functions much like ChatGPT and other large-language models. It can answer questions, generate poetry and prose, and write complex code (the programming language used to build everything from apps to websites).
What sets it apart, however, is that DeepSeek claims to offer all of these functions (along with a few others) at a level comparable to its larger rivals, and all at a significantly lower cost.
In a research paper, DeepSeek’s engineering team revealed they only needed about $6m (£4.8m) in raw computing power to develop their new system – roughly 10 times less than Meta's investment in its latest AI technology, according to The New York Times...
Title : What is DeepSeek and how does it compare to ChatGPT? Chinese AI climbs to top of iPhone app chart
By : Saqib Shah , The London Standard , 28 Jan 2025
... The emergence of DeepSeek, a Chinese AI that can allegedly go toe-to-toe with US giant ChatGPT, has rattled global markets.
On Monday, US stock indices took a nosedive as jittery investors dumped tech stocks, spooked by fears that AI development costs had spiralled out of control. The sell-off sparked a trillion-dollar wipeout, according to Bloomberg, hitting US and European chipmakers, AI companies, and energy firms the hardest.
AI powerhouse Nvidia saw around $400bn (£321bn) wiped from its market value, while tech titans Meta, Google, and Microsoft also took significant hits...
DeepSeek’s AI looks and functions much like ChatGPT and other large-language models. It can answer questions, generate poetry and prose, and write complex code (the programming language used to build everything from apps to websites).
What sets it apart, however, is that DeepSeek claims to offer all of these functions (along with a few others) at a level comparable to its larger rivals, and all at a significantly lower cost.
In a research paper, DeepSeek’s engineering team revealed they only needed about $6m (£4.8m) in raw computing power to develop their new system – roughly 10 times less than Meta's investment in its latest AI technology, according to The New York Times...