Chinese AI startup DeepSeek says it was hit with 'large-scale malicious attacks'
Chinese technology startup DeepSeek has rattled the West with its large language model R1 that it says has been built at a fraction of what it took to make ChatGPT and other similar models Chinese technology startup DeepSeek said on Monday that it was hit by “large-scale malicious attacks” that hindered its ability to onboard new users. The R1 just as well as ChatGPT and others but has been developed at a fraction of the cost that went into making OpenAI’s ChatGPT — DeepSeek says R1 has been made with just $5.6 million compared to hundreds of millions and billions spent by the likes of Open AI, Meta, and Google on their models. Keith Lerner, analyst at Truist, told CNN that DeepSeek’s success would drive investors’ attention towards other Chinese companies as well and that could further affect Western businesses. The DeepSeek model rollout is leading investors to question the lead that US companies have and how much is being spent and whether that spending will lead to profits … Separately, Charu Chanana, the Chief Investment Strategist at Saxo, told CNN that DeekSeek’s success could “spark renewed investor interest in undervalued Chinese AI companies, providing an alternative growth story”.
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