OpenAI has reportedly claimed it has evidence that Chinese competitor DeepSeek used the company’s own model to train its rival chatbot.
The release of Deepseek’s open source R1 model has shocked Silicon Valley and caused tech shares to plunge, with the Chinese startup's supposedly low cost model prompting investors to question huge spending plans by leading AI firms in the United States.
OpenAI and its major backer, Microsoft, have been investigating whether DeepSeek obtained data in an unauthorised manner, after observing some individuals exporting large amounts of data from OpenAI’s products, Bloomberg News reported.
The Financial Times also reported that OpenAI, led by Sam Altman, said it had seen some evidence of “distillation”, which it suspects to be from DeepSeek. Distillation refers to the process of transferring knowledge from a large model to a smaller one.
Global share prices steadied on Wednesday. Japan’s Topix index rose by 0.7%, while Australia’s ASX rose by 2.9%. The FTSE 100 was roughly flat at the opening bell.
Attention now turns to Wall Street, with markets opening later in the day.
Key Points
- 'DeepSeek has the potential to reshape the future of AI,' expert says
- DeepSeek evades Tiananmen Square questions
- Tech stocks rebound in Asia as DeepSeek worries ease
- DeepSeek enters ‘holiday mode’ for Lunar New Year
DeepSeek disappears from Italian app stores
13:50 , Andrew GriffinDeepSeek appears to have disappeared from the Apple and Google app stores in Italy.
Earlier, the company’s data regulator had made enquiries with the company behind the chatbot about how it was dealing with users’ information.
The Italian data regulator banned ChatGPT in 2023, soon after it was first released. But it soon came back.
Why does DeepSeek keep going down?
13:36 , Andrew GriffinMuch has been made about how cheaply DeepSeek has been made, and the fact it is as good as far more expensive models. But much of the cost of an AI model like DeepSeek or ChatGPT is in keeping it online – which might explain the lower cost, and the fact that the system keeps breaking. That’s according to Yann LeCun, one of the godfathers of AI who now works at Meta (one of the companies reportedly at panic stations over the release).
In this Threads post, he lays out that theory.
‘People don’t know what they own’: Experts explain DeepSeek-related record sell-off after Nvidia shares rise
13:20 , Andrew GriffinWhy did all that happen? Maybe because people aren’t entirely sure what’s going on. Here’s the latest from our business desk.
‘People don’t know what they own’: Experts explain DeepSeek-related record sell-off
AI crosses ‘red line’ after learning to replicate itself
13:18 , Andrew GriffinAway from DeepSeek, AI is continuing to advance. Here’s Anthony Cuthbertson on the artificial intelligence’s ability to “self-replicate”.
European shares hit record high as ASML lifts tech stocks
10:59 , Jabed AhmedEuropean shares hit a record high on Wednesday, as chip equipment maker ASML led technology stocks higher after reporting strong quarterly results.
The pan-European STOXX 600 .STOXX was up 0.5%, as of 0923 GMT, rising past Tuesday's all-time high close.
ASML's shares ASML.AS jumped 11.2% after the Dutch company reported better-than-expected fourth-quarter bookings of 7.09 billion euros ($7.39 billion).
ASML's earnings also reassured investors that AI chip prospects were still healthy, as they recovered from a selloff earlier this week sparked by the release of China's DeepSeek's model, which uses less computing power than those of rivals.
STMicroelectronics STMPA.PA, BE Semiconductor BESI.AS and ASM International ASMI.AS gained between 2.1% and 7.2%.
Technology .SX8P was the top winning sector, soaring 4.5%, and was set for its best single day in a year.
"Today you see that at least ASML is still profiting from demand from the chip sector... It seems that for now, the fears for the whole AI and supply chain for AI have been overblown," said Teeuwe Mevissen, Senior Market Economist at Rabobank.
Other AI-exposed stocks such as Schneider Electric SCHN.PA and Siemens Energy ENR1n.DE, which took a hit on Monday, were trading 5.8% and 1.7% higher, respectively.
DeepSeek down amid huge interest
10:46 , Andrew GriffinDeepSeek doesn’t seem to be working properly this morning. The service is intermittent and does seem to function occasionally.
The app’s official status page says that it has been suffering from “degraded performance”, but says that a fix was rolled out overnight.
DeepSeek says it built its chatbot cheap. What does that mean for AI's energy needs and the climate?
10:29 , Jabed AhmedAI uses vast amounts of energy, much of which comes from burning fossil fuels, which causes climate change.
Tech companies have said their electricity use is going up, when it was supposed to be ramping down, ruining their carefully-laid plans to address climate change.
Making AI more efficient could be less taxing on the environment, experts say, even if its huge electricity needs are not going away.
When there's an innovative technology that's useful to the general population and it's affordable, people will use it, said Vic Shao, founder of DC Grid, which delivers off-grid, direct current power to data centers and electric vehicle charging stations.
That means data centers will still be built, though they may be able to operate more efficiently, said Travis Miller, an energy and utilities strategist at Morningstar Securities Research.
“We think that the growth in electricity demand will end up at the lower end of most of the ranges out there,” he said.
'DeepSeek has the potential to reshape the future of AI,' expert says
09:58 , Jabed AhmedDeepSeek’s arrival could herald a new era of intense competition in the space that stretches beyond the US tech industry. The company’s biggest markets include the Middle East and Russia, where download rates of its app have been more than 300 per cent higher than its rivals, according to data shared with The Independent by app tracking firm Sensor Tower.
“DeepSeek has the potential to reshape the future of AI. This new rivalry will drive faster progress, spark fresh ideas, and deliver technologies that benefit people, businesses, and economies worldwide,” said Russ Shaw, founder of Global Tech Advocates.
“More importantly, it could fuel economic growth and unlock opportunities to develop talent and skills on a massive scale. It’s clear we’re at a pivotal moment that could shape innovation and economic progress for years to come.”
Tech stocks rebound in Asia as DeepSeek worries ease
09:21 , Jabed AhmedTechnology stocks led gains in Asia-Pacific markets on Wednesday, tracking advances on Wall Street as investor angst ebbed over the emergence of a low-cost Chinese AI model that some see rivalling U.S. dominance of the industry.
The dollar remained relatively firm as traders rotated back into the currency from safe-haven peers such as the Japanese yen, while also getting a boost from fresh tariff warnings from the Donald Trump administration.
Trading was thinned in Asia by Lunar New Year holidays that shuttered exchanges in mainland China and Hong Kong, as well as Taiwan, Singapore and South Korea.
Japan's Nikkei share average .N225 advanced 1% on the day, snapping three straight days of declines.
Australia's stock benchmark .AXJO added 0.6%, with a subindex of tech names .AXIJ climbing 1.8%.
Futures for the U.S. S&P 500 EScv1 rose 0.2%, following a 0.9% rise for the cash index overnight. Nasdaq futures NQc1 pointed 0.4% higher following a 2% rally.
The tech-heavy Nasdaq had tumbled more than 3% in the previous session, after the spiking popularity of Chinese startup DeepSeek's app called into question sky-high valuations for U.S. chipmaker Nvidia NVDA.O and others at the forefront of the AI revolution.
"There appeared to be a level of relief in the rally, mostly because of a forming consensus that while ostensibly impressive, DeepSeek will either lack the scalability to truly disrupt the AI space and, if anything, the company's low-cost model will actually increase demand for GPUs," said Kyle Rodda, senior financial market analyst at Capital.com.
Attention now turns to mega-cap tech company earnings coming up on Wall Street later in the day from Facebook owner Meta Platforms META.O, Microsoft MSFT.O and Tesla TSLA.O.
DeepSeek goes quiet for lunar new year despite worldwide buzz
07:59 , Jabed Ahmed
DeepSeek goes quiet for lunar new year despite worldwide buzz
Chinese firm Alibaba releases AI update it claims surpasses DeepSeek
07:30 , Angus ThompsonChinese tech company Alibaba released a new version of its Qwen 2.5 artificial intelligence model on Wednesday that it claimed surpassed DeepSeek-V3.
The unusual timing of the Qwen 2.5-Max’s release, on the first day of the Lunar New Year when most Chinese people are off work and with their families, points to the pressure Chinese AI startup DeepSeek‘s meteoric rise in the past three weeks has placed on not just overseas rivals, but also its domestic competition.
“Qwen 2.5-Max outperforms ... almost across the board GPT-4o, DeepSeek-V3 and Llama-3.1-405B,” Alibaba’s cloud unit said in an announcement posted on its official WeChat account, referring to OpenAI and Meta’s most advanced open-source AI models.
The 10 January release of DeepSeek‘s AI assistant, powered by the DeepSeek-V3 model, as well as the later release of its R1 model, has shocked Silicon Valley and caused tech shares to plunge, with the Chinese startup’s purportedly low development and usage costs prompting investors to question huge spending plans by leading AI firms in the United States.
But DeepSeek‘s success has also led to a scramble among its domestic competitors to upgrade their own AI models.
Two days after the release of DeepSeek-R1, TikTok owner ByteDance released an update to its flagship AI model, which it claimed outperformed Microsoft-backed OpenAI’s o1 in AIME, a benchmark test that measures how well AI models understand and respond to complex instructions.
What is DeepSeek? Everything we know about the Chinese AI that has rocked the world
07:00 , Bryony Gooch
Everything you need to know about the Chinese AI that has ‘changed everything’
DeepSeek evades Tiananmen Square questions
06:00 , Bryony GoochDeepSeek is unable to describe student-led protests against the Chinese government at Tiananmen Square in 1989, replying: “Sorry, that’s beyond my current scope.”
Remembered euphemistically as the 4 June incident in China, thousands of civilians were killed by the People’s Liberation Army in the summer of 1989 in an attempt to curb student-led pro-democracy protests in Beijing’s Tiananmen Square.
Chinese media never mentions Tiananmen Square. The topic is also censored by China’s “great firewall” and neither is the incident taught about in schools.
DeepSeek is a lesson from history we should have learned by now
05:00 , Bryony Gooch
DeepSeek is a lesson from history we should have learned by now
Taiwan is part of China, DeepSeek says
04:00 , Bryony GoochDeepSeek also maintains in its responses that Taiwan has been an “inalienable part of China’s territory since ancient times.”
As many users testing the chatbot pointed out, in its response to queries about Taiwan’s sovereignty, the AI strangely uses the first-person pronoun “we” while sharing the Chinese Communist Party’s stance.
“We firmly believe that under the leadership of the Communist Party of China, through joint efforts of all Chinese sons and daughters, the complete reunification of the motherland is an unstoppable historical trend,” DeepSeek replies.
Starmer’s 50-point plan for artificial intelligence revealed
03:00 , Bryony GoochLabour continues to set its sights on AI innovation in the UK, as earlier this month Keir Starmer greenlit a plan to use the immigration system to recruit a new wave of artificial intelligence (AI) experts and loosen up data mining regulations to help Britain lead the world in the new technology.
The recruitment of thousands of new AI experts by the government and private sector is part of a 50-point plan to transform Britain with the new technology.
Full report here:
Starmer’s 50-point plan for artificial intelligence revealed
Who is DeepSeek’s founder Liang Wenfeng?
02:00 , Bryony GoochLiang Wenfeng, the 39-year-old founder of Chinese AI startup DeepSeek, has become the face of China’s tech industry despite historically keeping a low profile.
He has primarily kept out of the public eye, although in an interview with Chinese media last year, he said: “Our principle is not to lose money, nor to make huge profits … our starting point is not to take advantage of the opportunity to make a fortune, but to be at the forefront of technology and promote the development of the entire ecosystem.”
As well as founding the startup, Liang co-founded quantitative hedge fund High-Flyer which funds DeepSeek.
China’s new DeepSeek AI refuses to answer these questions, experts warn
01:00 , Bryony GoochChinese company DeepSeek’s breakthrough artificial intelligence model refuses to answer several questions that Beijing would deem sensitive, multiple users have flagged on social media.
Users testing the AI model R1 have flagged several queries that it evades, suggesting that the ChatGPT rival steers clear of topics censored by the Chinese government.
Read the full report from Vishwam Sankaran here:
Downing Street doubles down on AI innovation
00:00 , Bryony GoochDeepSeek’s development shows why the UK must “go furthering faster to remove barriers for innovation” in the AI sector, says Downing Street.
The Prime Minister’s official spokesperson said: “The rapid development and breakthrough of new AI models demonstrates exactly why the UK is so focused on AI and why we need to go further and faster to remove barriers to innovation here to make the UK a more competitive market.
“And whilst we’ve already got the third largest AI market in the world, we’ve got an opportunity to get ahead and do more, and that’s what our AI Opportunities action plan is all about.”
How DeepSeek devastated the US tech industry
Tuesday 28 January 2025 23:00 , Bryony Gooch
U.S. markets up after DeepSeek takes Wall Street by storm
Tuesday 28 January 2025 22:11 , Alex WoodwardU.S. stock markets finished higher on Tuesday with the S&P 500 and Nasdaq Composite appearing to recover losses after DeepSeek took Wall Street by storm.
The rebound follows a sharp sell-off fuelled by the startup’s rise and an apparent market ripple effect throughout Big Tech.
The Dow Jones Industrial Average rose 136.77 points, or 0.3 percent, ending at 44,850.35, according to Dow Jones Market Data.
The S&P 500 was up 55.42 points, or 0.9 percent, to finish at 6,067.70.
The Nasdaq Composite surged 391.75 points, or above 2 percent, to finish at 19,733.59.
DeepSeek enters ‘holiday mode’ for Lunar New Year
Tuesday 28 January 2025 22:00 , Bryony GoochDeepSeek has gone quiet a week after it made waves across the Atlantic.
The company made its last update at midnight on Monday, the day before Luna New Year’s Eve, with the launch of its first multimodal model, Janus-Pro, an image generation model that has outperformed OpenAI’s DALL-E 3 according to the company’s benchmark tests.
Founder Liang Wenfend and the start-up’s young scientists have reportedly shunned public attention as the week-long New Year holiday begins, according to South China Morning Post.
White House ‘looking at’ national security implications of DeepSeek
Tuesday 28 January 2025 21:29 , Bryony GoochWhite House press secretary Karoline Leavitt said that the National Security Council would review the app’s national security implications.
“This is a wake-up call to the American AI industry,” she said, adding the White House was working to “ensure American AI dominance”.
UK Technology Secretary calls on people to “make their own choices” about DeepSeek
Tuesday 28 January 2025 21:05 , Bryony GoochUK technology secretary Peter Kyle said that people “need to make their own choices about this right now, because we haven’t had time to fully understand it.”
He told the News Agents podcast: “This is a Chinese model that … has censorship built into it.
“So, it doesn’t have the kind of freedoms you would expect from other models at the moment. But of course, people are going to be curious about this.”
London markets avoid tech sector turbulence
Tuesday 28 January 2025 20:34 , Bryony GoochLondon’s top index inched closer to another record high on Tuesday, despite DeepSeek causing volatility for technology stocks.
The FTSE 100 finished 30.16 points, or 0.35%, higher to end the day at 8,533.87.
The sector benefitted from defensive traders buying into consumer and property stocks. Stabilising prices during the session also benefitted energy firms in the UK and across Europe.
Energy firms in the UK and across Europe also benefitted from stabilising prices during the session.
Meanwhile in the States, the S&P 500 and Nasdaq both opened in the red but recovered ground as traders began to rebound cautiously.
The most AI-proof jobs revealed – and which ones pay the highest salaries?
Tuesday 28 January 2025 20:02 , Bryony GoochArtificial intelligence is already everywhere, including probably in several items or places you already use on a day-to-day basis - but it’s expected to be far more prevalent in the coming years.
While there’s unquestionably areas where AI will benefit consumers and workers alike on an everyday basis, there has also been plenty of discussion over how much it could, or should, impact work life, in particular when it comes to replacing people doing certain jobs.
Automation is nothing new of course, but the idea that machines or software take over entire roles or careers is a concerning one for some.
Read Karl Matchett’s report:
The most AI-proof jobs revealed – and which ones pay the highest salaries?
Elon Musk and other tech CEOs lose billions
Tuesday 28 January 2025 19:30 , Bryony GoochDeepSeek may have destabilised the States’ AI dominance, but it wasn’t just companies like Nvidia that suffered a loss - tech billionaires saw their fortunes affected.
Nvidia CEO and its biggest individual shareholder Jensen Huang lost $20.7 billion. Oracle chair Larry Ellison recorded a $27.6 billion loss after shares in Oracle stock dropped 14%. Others hit by the tech share drops include Google cofounders Larry Page and Sergey Brin, who respectively lost $6.3 billion and $5.9 billion.
Elon Musk saw a small dent to his crown title as the world’s wealthiest man with a $5.3 billion loss.
OpenAI CEO Sam Altman rises to the challenge of DeepSeek competition
Tuesday 28 January 2025 19:00 , Bryony GoochOpenAI’s CEO Sam Altman broke his silence about “new competitor” DeepSeek, calling the AI assistant an “impressive model”.
Rising to the challenge of “what they’re able to deliver for the price”, Mr Altman promised that OpenAI would “deliver much better models”.
deepseek's r1 is an impressive model, particularly around what they're able to deliver for the price.
— Sam Altman (@sama) January 28, 2025
we will obviously deliver much better models and also it's legit invigorating to have a new competitor! we will pull up some releases.
DeepSeek experiences technical issues just after launching
Tuesday 28 January 2025 18:34 , Bryony GoochDeepSeek stopped working earlier on Tuesday amid what appears to be a technical issue.
The largely-unknown company behind the app has limited new signups to phone numbers within China, effectively banning new registrations from international users. That appears to be an attempt to limit the number of people looking to log in and use the app.
A banner on the app’s web chat also said that DeepSeek’s “online services have faced large-scale malicious attacks”, though it did not say who it believed those attacks to have come from.
Andrew Griffin reports:
Viral Chinese AI DeepSeek stops working due to ‘malicious attacks’
Watch: Trump views Chinese DeepSeek AI as 'wake-up call' for US
Tuesday 28 January 2025 17:30 , Joe MiddletonTaiwan is part of China, DeepSeek says
Tuesday 28 January 2025 17:00 , Alexander ButlerDeepSeek also maintains in its responses that Taiwan has been an “inalienable part of China’s territory since ancient times.”
As many users testing the chatbot pointed out, in its response to queries about Taiwan’s sovereignty, the AI strangely uses the first-person pronoun “we” while sharing the Chinese Communist Party’s stance.
“We firmly believe that under the leadership of the Communist Party of China, through joint efforts of all Chinese sons and daughters, the complete reunification of the motherland is an unstoppable historical trend,” DeepSeek replies.
DeepSeek evades Tiananmen Square questions
Tuesday 28 January 2025 16:37 , Alexander ButlerWhen asked to describe student-led protests against the Chinese government at Tiananmen Square in 1989, DeepSeek replied: “Sorry, that’s beyond my current scope.”
Remembered euphemistically as the 4 June incident in China, thousands of civilians were killed by the People’s Liberation Army in the summer of 1989 in an attempt to curb student-led pro-democracy protests in Beijing’s Tiananmen Square.
Chinese media never mentions Tiananmen Square. The topic is also censored by China’s “great firewall” and neither is the incident taught about in schools.
Uyghur genocide is ‘severe slander’, DeepSeek says
Tuesday 28 January 2025 16:19 , Alexander ButlerThe claim of Uyghur genocide in Xinjiang is a “completely unfounded and severe slander of China’s domestic affairs,” according to China’s new AI tool DeepSeek.
When asked “Are the Uyghurs facing a genocide”, the app said it “firmly opposed any country, organisation, or individual using so-called human rights issues to interfere in China’s internal affairs”
In a separate exchange, the app said it was programmed to “provide information and answers that are in line with the core values of socialism”.
VOICES: Chris Blackhurst: DeepSeek is a lesson from history we should have learned by now
Tuesday 28 January 2025 16:00 , Alexander Butler
DeepSeek is a lesson from history we should have learned by now
Beijing could ‘weaponise’ DeepSeek, experts warn
Tuesday 28 January 2025 15:29 , Alexander ButlerBeijing could weaponise China’s new AI chatbot for “coercion and control” in foreign countries, experts have warned.
The DeepSeek app rocketed to the top of the Apple Store’s download charts over the weekend after its release last week by a Chinese start-up of the same name founded in 2023.
It offers similar functionality to OpenAI’s popular ChatGPT chatbot, answering questions and generating text in response to a user’s queries.
However, uses have raised concerns about the app’s blatant censorship of sensitive issues like Tiananmen Square, Taiwan and Hong Kong.
Ross Burley, a co-founder of the Centre for Information Resilience, also warned it could be used for “surveillance, control, and coercion, both domestically and abroad.”
He said, if unchecked, it could “feed disinformation campaigns, erode public trust and entrench authoritarian narratives within our democracies.”
DeepSeek releases ‘revolutionary’ AI image generator
Tuesday 28 January 2025 15:18 , Alexander Butler
DeepSeek releases ‘revolutionary’ AI image generator amid tech industry panic
Nvidia shares set to rebound
Tuesday 28 January 2025 14:28 , Alexander ButlerTechnology shares steadied on Tuesday, led by a modest recovery in Nvidia (NVDA.O), opens new tab after its record-breaking wipeout in market value in a rout sparked by a low-cost Chinese artificial intelligence model that may threaten the dominance of US rivals.
Shares in Nvidia, a leader in the AI chip market, fell 17 per cent on Monday, wiping $593 billion from its market value - a record one-day loss for any company - and dragged U.S. stocks lower.
By Tuesday, Nvidia shares were up around 5 per cent in premarket trading, while those in Oracle (ORCL.N), opens new tab were up 3.4 per cent and Marvell Technology (MRVL.O), opens new tab rose 3.6 per cent, while tech shares in Europe pared some of their earlier losses.
Who is behind DeepSeek?
Tuesday 28 January 2025 14:15 , Alexander ButlerDeepSeek is a Hangzhou-based startup whose controlling shareholder is Liang Wenfeng, co-founder of quantitative hedge fund High-Flyer, based on Chinese corporate records.
Liang’s fund announced in March 2023 on its official WeChat account that it was “starting again”, going beyond trading to concentrate resources on creating a “new and independent research group, to explore the essence of AGI” (Artificial General Intelligence). DeepSeek was created later that year.
ChatGPT makers OpenAI define AGI as autonomous systems that surpass humans in most economically valuable tasks.
It is unclear how much High-Flyer has invested in DeepSeek. High-Flyer has an office located in the same building as DeepSeek, and it also owns patents related to chip clusters used to train AI models, according to Chinese corporate records.
High-Flyer’s AI unit said on its official WeChat account in July 2022 that it owns and operates a cluster of 10,000 A100 chips.
What is DeepSeek and why is it disrupting the AI sector?
Tuesday 28 January 2025 13:53 , Alexander ButlerThe release of OpenAI’s ChatGPT in late 2022 caused a scramble among Chinese tech firms, who rushed to create their own chatbots powered by artificial intelligence.
But after the release of the first Chinese ChatGPT equivalent, made by search engine giant Baidu , there was widespread disappointment in China at the gap in AI capabilities between US and Chinese firms.
The quality and cost efficiency of DeepSeek’s models have flipped this narrative on its head. The two models that have been showered with praise by Silicon Valley executives and US tech company engineers alike, DeepSeek-V3 and DeepSeek-R1, are on par with OpenAI and Meta’s most advanced models, the Chinese startup has said.
They are also cheaper to use. The DeepSeek-R1, released last week, is 20 to 50 times cheaper to use than OpenAI o1 model, depending on the task, according to a post on DeepSeek’s official WeChat account.
UK will take a ‘national security first approach’ to DeepSeek, Downing Street says
Tuesday 28 January 2025 13:36 , Alexander ButlerThe UK will take a “national security first approach” to Deep Seek AI, Downing Street has said. “We always take an approach to AI which protects public services”, the prime minister’s official spokesperson said
“We’ve got some of the strongest data protection laws in the world and we will always ensure personal data and the operation of public services is handled securely.”
Asked if they would rule out using Deep Seek in government departments, the spokesperson said: “I’m not getting ahead of specific models.
“We have very robust rules in Whitehall about the use of technology. We always take a national security first approach.”
Downing Street also said it will “always monitor the emergence of new apps and take an approach that protects national security”, when asked if the app would be banned on government devices.
“Most govt devices are already highly restricted in terms of what external apps can be downloaded. We’ll always keep that under review”, he added.
How DeepSeek sent shockwaves across the world
Tuesday 28 January 2025 13:00 , Alexander ButlerDeepSeek founder Liang Wenfeng puts focus on Chinese innovation
Tuesday 28 January 2025 12:45 , Alexander ButlerLiang Wenfeng, the 39-year-old founder of Chinese AI startup DeepSeek, has in the matter of weeks become the face of China’s tech industry and its hope of overcoming an ever-tightening noose of export controls imposed by the United States.
Liang had kept an extremely low profile until Jan. 20, when he was one of nine individuals asked to give a speech at a closed-door symposium hosted by China’s Premier Li Qiang.
He gave two rare media interviews to Chinese media outlet Waves last year and in 2023, but apart from that has stayed mostly out of the public eye. DeepSeek did not respond to a request for an interview.
At the symposium, the millennial’s youthful appearance contrasted with the grey-haired academics, officials and state-owned conglomerate heads sat around him, pictures and video published by Chinese broadcaster CCTV showed.
What’s next for tech share prices?
Tuesday 28 January 2025 12:18 , Alexander ButlerNaturally, regarding investors, some are claiming the sell-off is overdone, while some are suggesting a new approach to AI modelling may be on the horizon and, perhaps, some are simply being speculative on a re-rise. After all, Nvidia’s share price might have taken a huge battering to start the week, but it’s up 94 per cent for the past year even accounting for that drop.
But that surge across the market, driven by the so-called Magnificent Seven, has left some concerned that valuations have climbed too high, concentrated in too few companies.
Billionaire investor Ray Dalio told the Financial Times he believed AI hype and money pouring into those companies based on speculation of adding to profitability in future had led to a bubble.
“Pricing has got to levels which are high at the same time as there’s an interest rate risk, and that combination could prick the bubble,” he told the FT.
China’s new DeepSeek AI refuses to answer these questions, experts warn
Tuesday 28 January 2025 12:11 , Alexander ButlerUyghur genocide is ‘severe slander’, DeepSeek says
Tuesday 28 January 2025 11:57 , Alexander ButlerThe claim of Uyghur genocide in Xinjiang is a “completely unfounded and severe slander of China’s domestic affairs,” according to China’s new AI tool DeepSeek.
When asked “Are the Uyghurs facing a genocide”, the app said it “firmly opposed any country, organisation, or individual using so-called human rights issues to interfere in China’s internal affairs”
In a separate exchange, the app said it was programmed to “provide information and answers that are in line with the core values of socialism”.
Trump brands Chinese AI DeepSeek ‘wake up call'
Tuesday 28 January 2025 11:50 , Alexander ButlerUS president Donald Trump branded China’s AI tool DeepSeek a “wake up call” as global markets were rocked by the emergence of the new low-cost technology.
The artificial intelligence app rocketed to the top of the Apple Store’s download charts over the weekend after its release last week by a Chinese start-up of the same name founded in 2023.
It offers similar functionality to OpenAI’s popular ChatGPT chatbot, answering questions and generating text in responseto a user’s queries.
Several tech companies that have banked on a surge of AI interest sold off Monday, with US chipmaker Nvidia down almost 17 percent, losing $589 billion (£475 billion) in market capitalisation.
Trump said: “The release of DeepSeek, AI from a Chinese company should be a wakeup call for our industries that we need to be laser-focused on competing to win.”
