DeepSeek is a RELATIVELY new player in the AI arena, based in Hangzhou, China. Founded in 2023, this company is already making WAVES in the tech industry, particularly with their latest model,
DeepSeek-R1. According to MIT Technology Review, this model DRAMATICALLY reduces the resource requirements needed for AI training, allowing it to compete with tech giants like OpenAI at a fraction of the cost—less than $6 million! This level of INNOVATION is leading to discussions about how it can shift the AI landscape, making it more accessible for businesses and individuals alike (
MIT Technology Review).
DeepSeek isn't just another tech startup; it's an attempt to LEVEL the playing field. Its founders aim to make advanced AI models available to small companies & researchers, especially in the Global South, where resources are often limited. By utilizing their stockpiled Nvidia chips and advanced engineering techniques, DeepSeek is setting a benchmark for cost-effective AI, making significant advancements possible without forking out a fortune (
PBS News).