What you must know:
DeepSeek, a Chinese AI company, has been causing quite a stir in the tech world since its recent launch. Here are some key points to know:
DeepSeek has already surpassed ChatGPT in the number of downloads on the App Store, showing its popularity among users. According to Sky News, the launch of DeepSeek led to a $600 billion loss in market value for US Chipmaker, Nvidia, marking the biggest drop in US stock market history. Other tech giants like Meta, Alphabet, and Microsoft also suffered losses, with the total market value loss across US Tech exceeding $1 trillion.
President Donald Trump sees the launch of DeepSeek as a positive development and believes it should serve as a wake-up call for US AI tech firms.
OpenAI CEO, Sam Altman, acknowledged the impressive capabilities of DeepSeek’s models but assured that his company will deliver even better models in the future. He expressed excitement about having a new competitor in the AI space.

DeepSeek recently launched a new model called Janus-Pro-7B, which outperforms OpenAI’s Dalle-E 3 in generating images. This announcement caused panic among investors, leading to market value losses for Nvidia and other US AI tech firms.
The launch of DeepSeek’s new model resulted in the world’s richest people with investments in AI losing a combined $100 billion. Notable figures like Nvidia CEO, Huan, Oracle CEO, Larry Ellison, Michael Dell, and Binance co-founder, Zhao, faced significant financial losses.
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DeepSeek’s success is particularly significant due to recent actions taken by the US government to restrict advanced AI technology from reaching China. Despite these measures, DeepSeek’s innovative AI models are disrupting the billion-dollar AI industry in America.
DeepSeek faced aggressive cyber attacks, forcing them to temporarily pause signups. However, they have since stabilized their systems and resumed normal operations.