Cyberattack Hits DeepSeek, Signups Restricted
Rapid Growth of DeepSeek’s AI Platform
DeepSeek, a fast-growing Chinese AI company, announced on Monday that it will temporarily halt new user registrations due to a wave of cyberattacks targeting its platform. The decision comes as the company continues to gain momentum in the competitive AI space, where it is challenging top players like OpenAI’s ChatGPT and Google’s Gemini.
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In a surprising turn, DeepSeek’s AI Assistant topped the charts as the most downloaded free app in the U.S. on Apple’s App Store earlier on Monday, surpassing ChatGPT for the first time. This development sparked a significant sell-off in tech stocks worldwide, drawing attention from investors and analysts alike.
What is Behind DeepSeek’s Success?
Founded in 2023, DeepSeek has quickly captured the tech world’s attention with its innovative AI products. The company recently launched its R1 AI model, which has impressed users with its reasoning capabilities, even overtaking ChatGPT in various performance rankings. DeepSeek’s focus on open-source technology has made it an appealing option for developers, allowing anyone to work with its models.
Reports suggest that DeepSeek’s success is due to its competitive pricing and unique approach to developing large language models (LLMs). Despite the challenges posed by U.S. restrictions on chip exports to China, DeepSeek’s AI models have been recognized for their affordability and impressive capabilities. The company’s R1 model, for example, is said to cost only $5.6 million to train, significantly lower than competing models from other major players like Meta and OpenAI.
The Growing Concerns in the AI Industry
As the AI race intensifies, DeepSeek’s rapid rise has sparked debates about the sustainability of the industry. Analysts are questioning whether the industry’s massive funding rounds and sky-high valuations are truly necessary, or if we could be headed for a potential bubble. With AI expected to generate over $1 trillion in revenue in the next decade, startups and tech giants alike are scrambling for a piece of the market, raising concerns about the long-term health of the sector.
Despite the doubts surrounding the industry, DeepSeek’s performance and pricing have made a significant mark, and many believe that the company’s continued success may disrupt the AI landscape in the coming years.