China's DeepSeek AI app surged to the top of Apple's App Store's Free Apps chart after its release, sparking a major tech sell-off on US markets. DeepSeek's lower data requirements for training reportedly cost a fraction of rivals like ChatGPT and Gemini, impacting companies like NVIDIA whose GPUs are essential for AI development. Apple, on the other hand, potentially benefits from DeepSeek's popularity, attracting new customers to its App Store.
after being released earlier this month. DeepSeek's model requires less data than rival AI platforms to train. As a result, its AI model reportedly cost only a fraction of what rivals OpenAI andspent to create ChatGPT and Gemini, respectively. DeepSeek took over the leadership of the App Store 's Free Apps category from ChatGPT which led to a massive tech sell-off on U.S. equity markets on Monday. .
DeepSeek's placement at the top of the App Store's Free Apps list set off a huge tech sell off on Monday. | Image credit-Apple Like other AI chatbots developed in China, DeepSeek gets a little touchy when Chinese leader Xi Jinping's policies are brought up and tries to move away from this topic. DeepSeek's R1 reasoning model was released earlier this month and there are varying answers about how many GPUs were used to develop DeepSeek R1. Jefferies estimates a"training cost of only US$5.6m . That is less than 10% of the cost of Meta’s Llama.
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