DeepSeek is a Chinese AI company. Its low-cost R1 model shook tech stocks in January 2025.
Key Facts
- Founded: 2023 by Liang Wenfeng
- Based: Hangzhou, China
- Model: R1, released January 2025
- Nvidia lost about $US593 billion in value on 27 January 2025
- Nvidia shares fell about 17 per cent
Why It Mattered
Investors worried that cheaper AI could mean less demand for expensive chips, Reuters reported.
Who Is Behind It?
Founder Liang Wenfeng also runs hedge fund High-Flyer.
Frequently Asked Questions
What is DeepSeek?
A Chinese AI company.
Who founded it?
Liang Wenfeng, in 2023.
Why did stocks fall?
Investors feared cheaper AI would cut chip demand.
Conclusion
DeepSeek showed AI can be built more cheaply.
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