DeepSeek not only has a cute whale as its logo, but is fast becoming a whale of a player in the AI game. The Chinese chatbot has leapt to the top of the iPhone App Store downloads leaderboard in the US, overtaking ChatGPT, and in France it’s currently sitting in second place. It’s free to use and open source, with the Chinese company saying it used cheaper computer chips and less data than its American rival OpenAI.
Tech giants like Nvidia, Meta and Alphabet have poured hundreds of billions of dollars into artificial intelligence, but now the supply chain everyone has been investing in looks like it has serious competition, and the news has spooked tech stocks worldwide. We take a closer look.
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