|
Getting your Trinity Audio player ready...
|
Since its debut in the United States in January, an AI-driven chatbot created by China’s DeepSeek has surged in popularity, claiming the title of the most downloaded free app on Apple’s App Store in a remarkably short time.
The app’s rapid rise to prominence, combined with DeepSeek’s reportedly lower operational costs compared to U.S.-based AI competitors, has sent shockwaves through financial markets.
Marc Andreessen, a prominent Silicon Valley venture capitalist, has praised DeepSeek as an “extraordinary and groundbreaking leap forward” in AI technology.
DeepSeek claims its newest AI models rival top-tier US counterparts like ChatGPT but were developed at a fraction of the cost.
The developers assert that creating the app cost a mere $6 million (£4.8 million) — a figure dwarfed by the billions invested in AI initiatives by American firms.
DeepSeek is a Chinese AI company headquartered in Hangzhou, a major city in southeastern China.
DeepSeek debuted in July 2023, but its widely used AI assistant app only became available in the U.S. on January 10th, as reported by data from Sensor Tower.
