Alice Yam and Ha Syut
Rising AI star DeepSeek has close ties to the Chinese government that could explain its rapid progress from a 1 million yuan (US$138,000) startup in 2023 to a major global challenger in the industry, according to a recent investigation by RFA Cantonese.
The open-source artificial intelligence model founded by 40-year-old Liang Wenfeng knocked a US$1 trillion-sized hole in an AI-fueled rally on global stock markets on Monday when it topped app charts ahead of ChatGPT, in what many saw as a challenge to American dominance in the sector.
DeepSeek’s popularity roiled tech shares around the world, knocking US$1 trillion off their value, while near-monopoly holder Nvidia lost nearly US$600bn in market capitalization after its shares plummeted 17% on Monday.
U.S. President Donald Trump said DeepSeek should serve as a “wake-up call” to the U.S. industry, which needed to be “laser-focused on competing to win.”
Trump last week announced the launch of a US$500 billion AI initiative led by OpenAI, which is behind the generative AI service ChatGPT, Texas-based Oracle and Japan’s SoftBank.
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