I won’t lie; as a writer, when I first heard about something like ChatGPT, I truly wondered whether myjobwas threatened. Since I saw it as a job-stealer, I didn’t even register how fartechnologyhas reached and what a revolutionary tool it was, or so I thought.
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DeepSeek is the new player in the AI world that has put all the others to shame, and folks are loving it
The reason that folks are over the moon about DeepSeek is because it is a free, AI-chatbot that a Chinese company developed in just$6 million. This is literally pennies compared to other companies' development costs who areon track to invest a total of roughly$1 trillionin AI over the coming years.
Although many people have complained about its censorship, the fact remains that it has shaken other AI models and even caused a stir in Silicon Valley.
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With numerouscompaniesintroducing their own chatbots, the popularity of generative AI has surged astonishingly. To make you understand how much it’s actually worth, let us drop a staggering statistic over here. As perStatista, the market size in the Generative AI market is projected to reach $62.72 billion in 2025!Yup, you read that right. Now that the value of it has finally sunken in, let’s look at how it has impacted theworldand why folks are going gaga over the DeepSeek domination.
With numerouscompaniesintroducing their own chatbots, the popularity of generative AI has surged astonishingly. To make you understand how much it’s actually worth, let us drop a staggering statistic over here. As perStatista, the market size in the Generative AI market is projected to reach $62.72 billion in 2025!
Yup, you read that right. Now that the value of it has finally sunken in, let’s look at how it has impacted theworldand why folks are going gaga over the DeepSeek domination.
At this point, everyone is familiar with generative AI, and it has beenobservedthat 45% of the US population surveyed is using generative AI. Considering its popularity, there’s no wonder that tech companies are hard at work trying to compete with each other and develop the best one for people.Well, if there are so many competitors out there, what makesDeepSeekdifferent and why is everyone talking about it? First and foremost, DeepSeek’s biggest advantage is that its chatbot is free to use without any limitations. To top it off, it’scomparable with competitorsconsidering facts like writing assistance, coding, brainstorming ideas, learning, and research.
At this point, everyone is familiar with generative AI, and it has beenobservedthat 45% of the US population surveyed is using generative AI. Considering its popularity, there’s no wonder that tech companies are hard at work trying to compete with each other and develop the best one for people.
Well, if there are so many competitors out there, what makesDeepSeekdifferent and why is everyone talking about it? First and foremost, DeepSeek’s biggest advantage is that its chatbot is free to use without any limitations. To top it off, it’scomparable with competitorsconsidering facts like writing assistance, coding, brainstorming ideas, learning, and research.
This makes sense because the H800 chips were probably much cheaper than the newer, more powerful models like the H100 and H200. DeepSeek’s success shows that you don’t always need the biggest budget or the most expensive computer chips to make significant progress in AI. This has made some people question whether those super-powerful chips are really asimportantas we thought they were.
The same day DeepSeek’s AI assistant became themost-downloaded free appon Apple’s App Store in the US, it was hit with “large-scale malicious attacks” causing the company to temporarily limit registrations. The waves that this platform created had far-reaching effects.It wasreportedthat after news of DeepSeek’s achievements spread, U.S. markets sank yesterday, especially the tech-heavy Nasdaq. By the end of the day, the Nasdaq had lost $1 trillion! The majority of that loss came from a sell-off of Nvidia shares.As perCNBC, Nvidia’s stock plummeted nearly 17% yesterday, which wiped almost $600 billion from its market cap. Other AI-adjacent stocks like chipmaker Broadcom Inc. fell over 17%, and OpenAI’s largest investor, Microsoft Corporation, fell over 2%. These and falls in other AI-related tech stocks helped account for that $1 trillion loss.
The same day DeepSeek’s AI assistant became themost-downloaded free appon Apple’s App Store in the US, it was hit with “large-scale malicious attacks” causing the company to temporarily limit registrations. The waves that this platform created had far-reaching effects.
It wasreportedthat after news of DeepSeek’s achievements spread, U.S. markets sank yesterday, especially the tech-heavy Nasdaq. By the end of the day, the Nasdaq had lost $1 trillion! The majority of that loss came from a sell-off of Nvidia shares.
As perCNBC, Nvidia’s stock plummeted nearly 17% yesterday, which wiped almost $600 billion from its market cap. Other AI-adjacent stocks like chipmaker Broadcom Inc. fell over 17%, and OpenAI’s largest investor, Microsoft Corporation, fell over 2%. These and falls in other AI-related tech stocks helped account for that $1 trillion loss.
As perDeepSeek’s privacy policy, the company stores data from users—including their date of birth, keystrokes, text or audio inputs, uploaded files, chat history, and other data—on servers located in China. This sparked some concerns about the supposed risks its ties to China posed to national security in the US.
This mindblowing platform has not only stirred the public but also sent previously established giants into a frenzy. Sounds quite enigmatic, doesn’t it? Folks couldn’t help but roast the other platforms, and looking at the humungous DeepSeek stats, we can understand their sentiment.
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