Chinese AI startup DeepSeek has shaken the tech world in just 24 hours. Founded by Liang Wenfeng, the two-year-old company caused ripples across industries after launching its AI chatbot, DeepSeek-R1. The breakthrough not only overshadowed competitors but also led to a $600 billion drop in Nvidia’s market value. Indian AI firms also felt the impact, with shares of major companies like Anant Raj Ltd and Zen Technologies falling significantly.
DeepSeek-R1 Surpasses ChatGPTDeepSeek-R1, a newly launched AI chatbot, has quickly become a global sensation. Available on Apple’s App Store, it surpassed OpenAI’s ChatGPT as the highest-rated free app in the U.S. This achievement highlights the efficiency of DeepSeek’s innovations. Remarkably, DeepSeek developed the model for less than $6 million, a fraction of the cost of similar tools like ChatGPT or Google’s AI chatbot.
Liang Wenfeng: The Visionary Behind DeepSeekLiang Wenfeng, the 40-year-old founder and CEO of DeepSeek, has a history of successful ventures in artificial intelligence. Before DeepSeek, …