DeepSeek: all the news about the startup that’s shaking up AI stocks

The AI assistant is powered by the startup’s “state-of-the-art” DeepSeek-V3 model, allowing users to ask questions, plan trips, generate text, and more. As downloads of DeepSeek’s app spiked, the startup began restricting signups due to “malicious attacks.”

Launched in 2023 by Liang Wenfeng, DeepSeek has garnered attention for building open-source AI models using less cash and fewer GPUs when compared to the billions spent by OpenAI, Meta, Google, Microsoft, and others. If DeepSeek’s performance claims are true, it could prove that the startup managed to build powerful AI models despite strict US export controls preventing chipmakers like Nvidia from selling high-performance graphics cards in China.

Here’s all the latest on DeepSeek.