The tech world was in a downward spiral on Monday over a new Chinese entry into the highly competitive field of artificial intelligence and machine learning by the company DeepSeek.
By using less expensive computing chips, DeepSeek’s new AI system claims to be more economical than its competitors.As with any technology, those who can do it better and cheaper win a significant portion of the customer base. However, in this case, there are hitches and glitches.Major microprocessor chipmakers lost ground, with Nvidia falling 17% on Monday, losing almost $590 billion of its market value.
compared to the hundreds of millions of dollars to create ChatGPT," said San Jose State Engineering Professor Ahmed Banafa, who is also a PhD in Artificial Intelligence.Like ChatGPT, CoPilot, and IBM Watson, DeepSeek’s new model is a chatbot that takes research questions and provides answers by applying human-like thought processes—artificial intelligence."I think it's too early to know what's gonna happen," said Smith.
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