Source: Axios
“Breakthroughs from Chinese AI startup DeepSeek have stunned Silicon Valley and could bring turbulence to Wall St, as they were accomplished at a fraction of what the U.S. giants are spending and despite export bans on top-of-the-line chips. China’s rapid advances suggest America’s strategy of withholding technology from China might [sic] just be speeding up the evolution of its rival’s AI knowhow. … DeepSeek spun out of a Chinese hedge-fund firm two years ago, hired ambitious young AI scientists, and set them to figure out more efficient ways to develop models, per Wired, and they focused on basic research rather than consumer product development.” (01/27/25)
https://www.axios.com/2025/01/27/deepseek-ai-model-china-openai-rival