Today, Explained DeepSeek deepdive
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Jan 30, 2025 
Eleanor Olcott, a correspondent for the Financial Times covering China’s technology scene, dives into the captivating emergence of DeepSeek. This Chinese AI model, developed at low cost, rivals Western counterparts and shakes up the tech industry. The conversation touches on DeepSeek's open-source innovations, its role in the US-China tech rivalry, and the implications for global competitiveness. The duo also discusses market reactions, rising ethical concerns, and the critical need for compliance in a rapidly changing AI landscape.
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DeepSeek's Disruptive Impact
- DeepSeek, a Chinese AI model, is causing disruption in the tech industry and financial markets.
- It performs comparably to leading Western models but was developed at a fraction of the cost.
DeepSeek's Quiet Beginnings
- Eleanor Olcott first learned about DeepSeek in early 2023 from a contact.
- A hedge fund had quietly amassed a large cluster of NVIDIA GPUs in China, key components for AI development.
DeepSeek V3's Breakthrough
- DeepSeek's V3 release over Christmas 2024 shocked the industry.
- It was the first open-source AI model to outperform closed-source models, causing a stir on social media.